There are decent Realtors out there who answer questions for their clients and the general public, but many will avoid answering your questions because you are already represented and getting involved could be construed as interfering with the relationship already established between you and your agent. Not to mention, the answers to questions are within the contracts and addenda which you've signed and only your agent and broker have access to them.

Like John said, call your agents broker if you're not getting the service you expect from your agent. And if you have any questions about the contracts you should consult a real estate attorney.

Your Realtor won't answer you or doesn't know the answer? Call his broker (the owner/manager of his company).

Traditionally, real estate agreements have a provision in them for both parties to "work it out" if the appraisal comes in lower than the sale price. And if no agreement can be made than the buyer can cancel. HOWEVER, the Bank addendum's in REO sales often treat that issue differently. You have to look in the addendums that you signed for the legal answer. In practice, however, your agent should be able to negotiate or at least ask for the lower appraisal amount regardless of what the addendum says. There are more details to explain but really your current agent should be in position to communicate those to you. If you aren't getting answers, ask for the manager.

Good luck,

John A. Brassner, MBA, REALTOR®
Residential and Commercial Real Estate

Prudential Americana Group, REALTORS®
10777 West Twain Ave, Suite 105
Las Vegas, NV 89135
Cell: 702-808-9816
Fax: 702-995-0488
Email: john@john4realty.com

NevadaRealEstateCenter.com, 8REOS.com

If you want to change the terms, the bank has the right to say no. That's why it is called renegotiating. You are saying no because of the information you have received, then they respond how they want.. Hopefully your agent can give them the right information to agree with you. but whenever there is a counter offer, that takes the original offer off the table. Hope this helps. If your agent won't help, call the broker or office manager.