The house has dropped in price and is sitting on market. I need strategies to talk to realtor about leasing w/ option to buy- I don’t think she has presented this to seller b/c of commission.
7 thoughts on “How can I lease w/ option to buy when a realtor is involved?”
Leave a Reply
You must be logged in to post a comment.
By law all offers must be presented. However, most sellers want cash, not continued responsibility. Particularly since anyone with decent credit can get 100% financing, this leaves two possibilities in most sellers minds:
1) You can’t afford it
2) You have rotten credit and are likely to default.
Now is a good time to try in a lot of places, including here, as sellers are desperate. But there’s a lot of pitfalls involved for the seller, so unless you’re giving them something they could not get otherwise (i.e. a really great price) be prepared for the offer to be rejected.
I’m a buyer’s specialist, but you have to know what the other side wants in order to come out of the negotiation with what your client wants.
TALK TO YOUR REALTOR.
go to the assessors office. find who the owner is. make them an offer in writing. promise to back it up with earnest money. maybe when the listing runs out they will consider it!
The fact there is a Realtor has nothing to do with it. The Realtor is obligated by law to present all offers. The answer lies in your ability to negotiate your attempt with the Realtor and regardless of what the Realtor says, you can make a written offer. Therefore if you feel that the seller’s Realtor will attempt to talk the seller out of your offer get another Realtor to help you structure the offer and follow through with the presentation to the seller.
Request to present the offer in person with the agent present. This way you have control over how your offer is presented. The agent is not required to arrange such a meeting, since it is out of the norm. However, a previous posters is correct to state that by law all offers must be presented.
Take it off the market..Have the Realtor give you a letter removing you releasing u from contract..Once you have done that then….Do the lease/option..When a house is in the market for a long time it actually marks that house negatively..And the market is changing for less….Take it off the MLS..
http://www.myspace.com/mariaentrepreneur
Real Estate Investor
She is required to present all offers, so put it in writing. The agent can collect the commission down the line when the transaction closes.