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

Rainer
194,013
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
107,829
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
572,294
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
214,815
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
124,583
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
Ambassador
867,203

Amanda and Jared Christiansen, YOUR Fort Wayne Realtors

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