Re: can’t get Realtor to take my offer - Posted by Dimpil
Posted by Dimpil on October 10, 2003 at 16:26:00:
I just made an offer without a pre approval letter. I told the agent I would not give one until I won the bid as it was pointless. Frankly pre approval approval letters are worthless until the package comes out of underwriting. I’ve seen a lot of deals fail or go thru hell during the underwrting process because the customer didn’t meet stipulations, DTR issues etc.
The realtor doesn’t want to waste time and in most cases the bank who owns the property is not the one asking it’s the realor.
Me I got mean and tough. I told her, I would not provide one unitl i won the bid and if so it would be given within 24 hours. Then I told her if that was a big issue I could take my business elsewhere and I didn’t have to buy that house. She submitted my bid. I won, I produced the letter, now the bank wants more money down (I already put 1,000 down). I don’t want to jump through those hoops and play those games and there are always more homes. So I told my agent No if they don’t like it go to the next bid. So we will see.
I’m new to this and having fun and I’m not afraid of losing a deal because there will be another. I also don’t want to get pushed around by a realtor who’s working for me. But I’m new!