We received an offer on one of our listings that was extremely low. Keeping emotions at bay, we countered with what we felt was a very reasonable counter. The buyers walked with no counter, no questions, no explanation. The offer was so low there was absolutely no remorse or second thoughts by my sellers. I know first offer is usually the best offer, but in this case I knew that it wouldn't be!
Today we finalized the paperwork on a new offer for that home. The seller's are excited. It is a solid offer and we are preparing for closing. However, there are hurdles to cross and we've all had closings fall apart due to unforseen circumstances.
As luck would have it, agent number one emailed me saying her clients will be submitting a new offer and where should she forward the paperwork. I responded that I was sorry, but we had just accepted an offer and this would be reflected in the MLS within the hour. Her next email surprised me. She is a managing broker for a company and said that since it will show in the MLS once it is closed, she assumed it was okay to ask what they took and how much they paid in closing costs along with any other concessions. She went on to say her clients will want to know!
Sorry, but as my seller's designated agent I can't disclose:
- How much they accepted prior to the home closing
- How much they paid in closing costs prior to the home closing
- If they agreed to pay title expenses prior to the home closing
- If they left any additional items like washer/dryer/refrigerator
If the home doesn't close this is confidential information. And in this market it is not unusal for deals to fall through so agents are presenting backup offers. So you see, if your buyers decide to submit a back-up offer I would be telling you exactly what my seller will take. I am the designated agent for my seller, not your buyers. And, if the deal falls through and the home goes back on the market, you now how confidential information that puts my sellers at a disadvantage with your clients.
Sorry managing broker, but I would assume that as managing broker you already knew that!
If you are thinking of selling your Brentwood TN Home, Murfreesboro TN Home, or are located in the Nashville TN area, please give me a call. I would love to represent you in the purchase or sell of your next new home. Hiring a knowledgeable real estate agent that will make sure your contract is clearly written and is committed to protecting YOUR best interests in a real estate transaction can save you thousands of dollars. In fact, the services of a great real estate representative can be priceless! Here are some other blog posts you may find interesting that discuss the services of a buyers agent or sellers agent: