Reasons A Seller Might Not See Your Offer

This question often bugs buyers as well as sellers when they are looking forward to making such a big decision in their life. But at the same time, it is quite unsettling to think like this for real estate agents because they are licensed, experienced, and ethical professionals. Their prime focus is their clients and showing fair interest in them. So, whether you hire a real estate agent to buy or sell a home/land in Victoria or anywhere nearby suburbs, an agent presents you with all the offers- that suit your requirements.

Yes! They do. At least real estate agents at Raine and Horne Land Victoria do.

Also, if you are wondering if it is really ethical for real estate agents to present all the offers? The answer is yes, it is! But to know which real estate agent is authentic and true to your interest, you will have to find it out.

Searching for the right real estate agent would be the first step right after deciding to sell or buy a home/land. So, one must take this decision wisely because a wrong real estate agent may land you in a dark pit, or any legal trouble. So, be cautious!

While you are on a hunt for the right real estate agent, make sure you do not just settle for the very first agent. However, you may even find a perfect real estate agent in the first place itself, but to know whether he/she is right for you or not, look into the following aspects:

* Is the agent licensed?

* Is the agent experienced?

* Is the agent well known?

* Is the real estate agent active in the property market?

Ask yourself these questions and then even to the real estate agent you are going to engage yourself with. There is no harm in clearing doubts. Buying and selling a home involves a huge investment so every step in the process needs to be taken with utmost care. One wrong step can lead you into financial as well as long-term emotional struggle.

Generally speaking, as per the code of ethics, realtors shall submit offers and counter offers objectively and as quickly as possible. But since all real estate agents may not be a part of the government organization, they might not abide by certain codes and ethics.

Some sellers might set a limit for how low they are willing to go with the price and also ask the real estate agent to dismiss any offers below that set price.

In case the seller has specifically instructed the real estate agent to not to bring any offers that do not meet a certain minimum requirement, the real estate agent may not need to present an offer that falls short of the minimum.

Remember that every state’s laws are different, but if we see things generally, if the seller instructs his real estate agent in writing to withhold certain offers, then the real estate agent might hold himself back from presenting the offer.

There is a possibility that a listing agent who is withholding offers could be less than fully ethical, especially if he/she is acting as a transactional broker (also called a dual agent; the one who presents both the seller and the buyer).

The concern is that the listing real estate agent might withhold one offer in favour of a higher offer that benefits the broker financially. But at the same time, it can turn out to be a big procedural breach and can even put the real estate agent at risk of losing his license.

As a buyer, if enough time has passed and you are suspecting that your offer is being withheld, it is suggested to talk to your real estate agent.

Agents are professionals and can deal with such situations efficiently because they frequently encounter these complications and get out of them successfully. Also, real estate agents know how to approach the subject. A good real estate agent will always advise you right.

There should be a place on your written offer for the seller to formally reject your offer. You can request that your real estate agent ask for this formal rejection.

Contact the Seller- It is unlikely your real estate agent will be happy with you doing this. But it is nowhere illegal for you to contact the seller directly to ask about the offer.

Be Prepared- This might not go well. If a seller wants to work directly with the buyer, he would not have hired a real estate agent in the first place. So, you must stay prepared.

Report the Agent- If you are truly convinced the listing real estate agent is withholding your offer for selfish reasons, you can always report it to the real estate agent to his/ her brokerage or to the licensing agency. Warning! Do not take that option lightly as it can potentially have serious repercussions for the real estate agent.

Just Move on If It Does Not Work — Whether you find ethical issues or you find the communication style of the real estate agent to be not working, just make sure you clear the air and move ahead. Do not stick to something that does not serve your higher purpose. And of course, you would never want to work with a real estate agent whom you do not trust. Would you?

Finding the right real estate agent can be hard but it is crucial because buying and selling land/home is a monumental decision. Every step you would want to take should be with utmost care because a single wrong move can land you in unexpected trouble. This is the last thing you would want for yourself.

You do not have to get stuck with a real estate agent if you find any trouble, or if you are uneasy working with them. However, if you feel there are issues, talk openly. Real estate agents are busy professionals. They have to take care of multiple properties at a time. So, it is advised to communicate your expectations without hesitating.

Entrusting such a big decision to buy and sell to a real estate agent will be a stress-free experience. For a pleasant experience, contact Raine and Horne Land Victoria experts. Drop us a call and get your real estate queries answered.

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