How much do you want to offer?? BA HAHAHAHAA!! Yeah right!!

By
Real Estate Agent with Century 21 Bradley (260)704-0843

"Hello Jared.  My name is Barbara and I am a real estate investor here in Fort Wayne.  I am a cash buyer and I would like to write an offer on 1234 Main St this afternoon.  I don't need to see the inside, I know the area well, and I don't care how much work needs done.  I have my own purchase agreeement and proof of funds from my bank.  I can swing by your office around 3:00 if that works for you."

I normally don't work with investors but Barbara seemed like she knew what she was doing.  I was in the office anyway so I told her to come on in.  What a mistake that was. 

The house was a foreclosure owned by a local bank and had been on the market for a few months.  It was a little over priced at $65,000 and I told Barbara that I thought $50,000 was a good price to offer.  She gave me a weird look and dropped her purchase agreement on my desk. 

NOT ONLY did she change a ton of the wording on the purchase agreement, she wanted to offer $2,500!!!!!!!!  No, not $25,000, $2,500!!!!!!!!!!!!!  I asked her if she was smoking crack.  (Seriously, I did)  She kind of chuckled and then got really intense and said:

"I want you to present this SAME offer every day until the bank accepts my offer or sells it to somebody else.  As my Realtor you HAVE to do what I say."

My response:  "Um.  Yeah.  Barbara, this isn't going to work.  I don't have the time to waste on ridiculous offers with unrealistic "investors" (yup, I did that little quote thing with my hands and said "investors" with a lot of sarcasm)...  so let me get that door for you.  I think you should call the listing agent directly."

Barbara got a little snippy with me as she left but hey, that's okay.  My skin is think.  If you are a realistic investor looking for a good deal in Fort Wayne, give me a call.  If you just watched a late night infomercial about getting rich quick in real estate and want to waste an agent's time...  call somebody else.

Posted by

   

Fort Wayne Realtors Jared and Amanda Christiansen with Century 21 Bradley

Amanda and Jared Christiansen are award winning Realtors with Century 21 Bradley Realty in Fort Wayne.

 

Enough about us...

 

Tell us what you want your real estate experience to be, and we will do it YOUR way.

 

Buying a home in Fort Wayne? Tell us your wants and needs. Let us know how you envision your family living.  Tell us what's important to YOU, and we'll find the community and home that fits.  

 

Selling your home in Fort Wayne?  Our job is to make you the most money possible in the shortest amount of time. We offer our sellers professional staging, professional photography, and more internet marketing than most. 

 

We are committed to giving you everything we have to offer.  We are both full time agents and will work around your schedule.  Do nights and weekends work better for you?  NO PROBLEM. We are here to help YOU at YOUR convenience.

 

Amanda can be reached at 260-704-0843, and Jared can be reached at 260-704-0842.

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Topic:
ActiveRain Community
Location:
Indiana Allen County Fort Wayne
Groups:
Real Estate Rookie
Tags:
fort wayne realtors jared and amanda
investing in fort wayne
fort wayne foreclosure
real estate investor fort wayne
making an offer in fort wayne

Comments 76 New Comment

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Anonymous #57
Anonymous
Mark Cohen, Realtor-Broker, Eyemark Realty, Gainesville, Florida

I've had to fire buyers who want to offer peanuts for foreclosures and expect them to be large homes, new homes, and in mint live-in condition.  And they're absolutely serious.  They believe the myths that are all over the internet and television. 

I showed them the information sheets and comparables to prove that they get what they pay for and they thought I was lying to them.  So, I told them to waste somebody else's time.    

February 07, 2011 08:40 PM
Rainmaker
714,035
Jackie Connelly-Fornuff
Century 21 AA Lindenhurst NY
Long Island NY Real Estate Agent

Hi Jared, gee, doesn't this sound familiar! This is what I do not understand: why not just go to the listing agent? Most investors in my area do not sign the buyer broker agreement because they want to be able to have access to all homes, not just what is on the MLS. Things that make you go hmmmmmmmm :)

February 07, 2011 08:46 PM
Rainmaker
193,662
Todd Anderson
Park City | Deer Valley Real Estate
You In Park City group - Keller Williams Park City Real Estate

Love the "are you smoking crack?" comment...scary part was that she wasn't and really believes she can buy the house for $2500. 

February 07, 2011 09:41 PM
Anonymous #60
Anonymous
Marshall

I have to wonder how many times she bounced as she passed through the door.  Way to go!

February 07, 2011 09:46 PM
Rainer
27,821
Christine DeLay
Bransom Real Estate, Azle, Tarrant County, TX

Somehow I always thought it is just me who gets customers like this I am glad to hear that there are other agent's out there who have to deal with them too. Jared, I admire your guts to tell that lady off as you did. And really what was she smoking?

February 07, 2011 10:38 PM
Rainer
91,862
Ranji Singh, SRES
Royal LePAGE York North Realty, Brokerage

Great call. Wonder how many agents turned her away before she turned to the infomercial folks for a refund :o).

February 07, 2011 10:45 PM
Rainmaker
275,187
Steven Pahl
Real Estate Consultant Tampa, FL 813-319-6423
Keller Williams Tampa Properties

Ranji (#62) got it right, she bought a book or someone's course telling her to do this very thing.  She doesn't realize the "Guru" that wrote the course makes more from book sales than they ever did in real estate.

February 07, 2011 11:22 PM
Ambassador
502,315
Lynn B. Friedman
REALTOR ATL BuckheadMidtownWestside 404.939.2727
- - - Concierge Real Estate Services for YOU - - - Providing SERVICE for Sellers & Buyers is our BUSINESS

Jared,

Thanks for the reminder - tnstaafl -  "There's No Such Thing As a Free Lunch".

Even the entity that foreclosed still wants to make something!  As per comment from Mark Cohen, Realtor-Broker, Eyemark Realty, Gainesville, Florida  (#57).  Investing is not as easy as the infomercials try to convince people!

Have a happy day -
Lynn

February 08, 2011 12:08 AM
Rainmaker
91,725
Kerry Jenkins
Prime Properties

I had a guy do this to me after showing him homes for 9 hours.  I was PISSED. 

February 08, 2011 12:11 AM
Rainmaker
193,827
Sandy McAlpine
Search Lake Norman Homes For Sale - Lake Norman NC
McAlpine Properties

oh yeah, those informational commercials really let people think that those tactics work. I have never met someone that won such a deal on a home.

February 08, 2011 12:58 AM
Rainer
56,607
Dennis & Terri Neal
RE/MAX, Big Bear

"I'm not your Realtor yet and if I am I resign."

February 08, 2011 11:54 AM
Anonymous #68
Anonymous
Kathie Searls

Id be a rich investor too if I was selling all those "Investor packages"

 

February 08, 2011 01:31 PM
Rainmaker
232,689
Barb Fischer
RE/MAX Hometown Realtors

Love the way she assumed you were her agent, and therefore had to be at her beck and call. NEXT!!!

Reminds me of when I was working my way thrtu college as a waitress, and we'd always get some finger-snapping no-tipping jerk... how many times did I want to mix in a little extra horseradish....

February 08, 2011 02:03 PM
Rainmaker
192,181
Brian Kuhns
Fort Wayne Real Estate by Brian Kuhns
Coldwell Banker Roth Wehrly Graber

What do you mean I can't buy this home with no money down! pffft you Realtors are all the same, just looking to get paid........paid in air quotes btw. Please don't send her my way

February 08, 2011 03:54 PM
Rainer
49,068
clara Hahn
AgentOwned Realty

I think it's funny.  You should have referred her to an agent that you have "special" regards for.

February 08, 2011 09:01 PM
Rainer
194,538
Devona Garrigus
1 (888) 9-LIST-IT
Coldwell Banker Kivett-Teeters

The Christiansen Team - $2,500 ?! Really?! Heck, you would only make $75 on the deal if you were to get all of a 3% side! But Hey! She decided you were her REALTOR and you HAD to do what she says!!! YEA RIGHT!

Agents REALTORs in Grand Terrace

February 11, 2011 02:49 PM
Rainmaker
108,593
Mark Peek
Peek Real Estate Group - Roseville CA Real Estate
Roseville Rocklin Real Estate - Keller Williams

Probably some real estate seminar told them you can buy properties from banks for pennies on the dollar.  This stuff usually happens in cycles

February 15, 2011 11:59 PM
Rainmaker
577,603
DeeDee Riley
Realtor - El Dorado Hills & the Surrounding Areas
Lyon Real Estate - El Dorado Hills CA

Jared-

Unfortunately I don't have to watch any real estate shows but maybe I should so I can see what they are actually telling people.   But $2500 on a $65000 place?  As a listing agent wouldn't you see what a $50K list price would do long before you advised your client to accept $2500? 

February 21, 2011 05:18 PM
Rainmaker
217,065
Patricia Beck
Colorado Springs Realty
RE/MAX Properties, Inc., GRI, CDPE

Your post made me laugh, I am shocked especially about the part "you have to do what I say" Wow! The relationship is not one sided and that obviously was not a good fit!

March 30, 2011 10:09 PM
Rainmaker
125,433
Matt Robinson
Pensacola Real Estate (850) 292-4000
ERA Emerald Coast Realty

I'm an investor, as well as a Realtor, and I typically make very low offers on my own behalf....but even I'm amazed by how ridiculous that offer was.  I won't pay more than 60-65% of value, but I think 4% might be a little optimistic. LOL!

September 15, 2011 12:45 PM
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Ambassador
924,443

Amanda and Jared Christiansen, YOUR Fort Wayne Realtors

Century 21 Bradley.
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