It would be very bad form for you to approach the listing agent directly when you've been working with another agent for 8 months. You don't say whether you've got a signed buyer's agent agreement or whether it's just a handshake agreement. In either case, though, it would be awkward all around. You really ought to have a talk with your own agent about the issues you raised.
What you should do is try to get in contact with your own agent, even if he's out of town. Ask that he put you in touch with another agent in his office so you can make an immediate offer. (The two probably will share the commission if the deal is successful. If you can't get in touch with your agent, call your agent's managing broker and explain the situation.)
However, putting that aside for the moment:
You made an offer. It was rejected. So your previous offer is dead.
Another buyer made an offer. The seller countered the other buyer's offer. If the other buyer accepts the seller's counter, then they've got a deal and you're left out in the cold.
Up until that point, the property is fair game for you.
If you were to submit a higher offer--one the seller found attractive--the steps then would be for the seller to withdraw the counter to the other buyer. It'd have to be done before the other buyer accepted or else the seller might end up with two signed contracts. Once that counter was withdrawn, the seller could accept your offer.
Bottom line: Yes, you can make another offer.
Hope that helps.
Sounds like you want to approach the Seller with a "cut out the middle man" deal. Perhaps you should bring your "cash" offer in line with what the Seller wants.
If you have been working with an agent for over 8 months that you are not happy with, why haven't you changed agents? Unless you have a signed buyer's agent agreement with your current agent, go find someone you are more comfortable working with.
The house you made a cash offer on is being sold by owner? If so, sit down with the owner and hash out the deal that will be mutually acceptable. You also mention approaching the seller's agent personally. Is this really for sale by owner or is it listed with a real estate agent? If it is currently listed with an agent, ask a friend or relative if they have used an agent they liked and get the agents name and give them a call. Have the new agent write up an offer that will be higher than the offer the seller has currently countered with to the other prospective buyer.
I hope you get the house you want.
Realty Hub, Inc.
Just wanted to check in with you to see what happened. What did you find out about the house you wanted? Was it under contract and therefore unavailable to you? Or were the negotiations w/other buyer still in the works and you were able to submit another offer?
You've gotten a lot of answers to your question, and I'm just dying to know how it turned out! :)
Also, just wanted to clear something up. Somebody selling their home For Sale by Owner just posted a troubling statement re agents keeping buyers away from FSBOs. This is not true. Agents are willing to take buyers in to see For Sale By Owner properties when the seller agrees to pay the agent a commission for bringing the buyer. If the seller of a FSBO does not want to pay a commission to the agent for bringing the buyer, the agent will not bring in the buyer. If the buyer really wants the house, and really wants the expertise of the agent in negotiating a deal on behalf of the buyer, the buyer will pay the agent the commission (just for the buyer's side....so the commission is half). The agent DOES NOT COLLECT COMMISSION BOTH FROM THE BUYER AND THE SELLER. It is one or the other. Just thought I would clear that up.
Please check in and let us know how you are doing regarding your house hunt. Hope all is well! :)
Honestly... I don't know the situation but from your viewpoint perhaps you need someone that meets your needs in a better way. I work with an associate so if I am not available she is and vise versa. Perhaps finding an agent that works in that way so you get a little better service. Or... try calling an agent serveral times at different times and see how they respond and time frame of response.
You need to find a realtor who's going to represent your best interest and accountable to you. To answer your question, if your agent didn't have a "one time showing" request signed by the seller and you don't have a "buyers agency" signed with your agent, then yes you can go it on your own, but it's always best to be represented by a professional. I'd just find a full time agent who wants to work. Also, yes you can counter an offer as long as it's not already signed and agreed on by the buyer and seller usually. Good luck with everything... hope you get the house you want.
Coldwell Banker Residential
More then 80% of my sales came from buyers, one of the reasons is because in the moment when a new property came in the market in criteria, they will receive e-mail from me follow with phone call
Also I negotiate on they behalf and make them to trust me.
In your situation if you donâ€™t have any respond from your agent
1. You need another one, more responsible and to be there for you
2. Trying to deal directly with listing agent, doesnâ€™t help you 100% because
First that agent is hired from the seller and is there to bring the best and higher price
Second, if the seller it will accept your ofer,the seller intend is to ask his agent to reduce his commission, So most of the time you will not be sure that you will have the best service
Also the time you will put to find the listing agent on the property you looking for it take me as a professional to locate your property 3 second.
My advice to you is:
You need a responsible and professional Real Estate agent to guide you from A to Z,
In the moment you have one you will see how quickly, less stress it will be for you!
Hope this make sense
Real Estate Consultant
Keller Williams of the Palm Beaches
If this is a true 'for sale by owner', I'm confused why the seller would have a selling agent. This situation may be a listing agreement only, whereby the property is listed in MLS, but the seller has no representation by a real estate agent....not sure. You certainly can approach the selling agent directly, just be aware the selling agent would be representing both the buyer AND seller in this situation. You have to ask yourself what type of brokerage relationship works to your best advantage?
If you have been working with a realtor which does not meet your expectations, I would see no reason to continue that relationship...you may be better served to find a realtor who is more responsive to you.
Hope this helps
In reading your question, I am understanding that you approached the for sale by owner property without your realtor. If that is true, your realtor is not procuring cause here. You can get back in touch with the seller and up your offer. If there is not a contract signed yet, you can still be in the mix. Call the owner ant tell them that you want to make a higher offer. Make sure that the offer price is not their only issue. It could be closing time or cash - vs- finance. Negotiations are a BIG part of our job! You are seeing that we do bring real value to the table. Especially if we answer our phones and put someone else in the office on call for our customers when we are out of town.
Coldwell Banker Residential
I'm confused....you are working with an agent who put together the offer on the For Sale By Owner house for you?
If that is the case, the agent or the agent's broker should be able to answer your questions re what your options are right now, as none of us out here in TruliaLand are privy to the exact circumstances re your offer on this home, and they are the ones helping you through this transaction.