Since you said you have had unsuccessful bids I assume you are speaking of a HUD home(because all other offers would be an offer not a bid..). In that case you do not know how many other buyers have submitted a bid and you just need to remember you will usually only get one chance as they rarely negotiate but just accept the best bid.
Hope this helps. If I can be of any help with your home search feel free to email me directly at KReynolds@realtracs.com. You can also call me direct at 615-556-1511 or 615-893-1130 Coldwell Banker Snow & Wall and ask for Kim Reynolds. Good luck with your home search.
Are the bids unsuccessful because your agent isn't being aggressive and getting things submitted in a timely manner? Or are you making lowball offers and expecting the agent to perform magic? Is the issue the agent or the expectation?
If you are having issues with your agent, I would suggest communicating with them and attempting to resolve the issue because that person has already devoted time, energy, and money on your behalf and should be treated fairly. If you can't resolve the issue, then you can request to be released from your Buyer's Agency Agreement and most reasonable agent's will comply. Good luck!
As others have stated, ..."It depends."
Did you sign a buyer agreement? This is a primary issue.
Then there will be a residual issue regarding any house the agent may have shown you.
On the surface, based on what you have shared, my observation is you are being unreasonable.
Two failed bids and you're ready to jump ship means your expecatation are out of alignment with reality. Such buyers are often encouraged to go somewhere else.
So, give us the rest of the story.
Are you holding your agent accontable for following your guidance?
Did the agent fail to follow your directions?
Are you ignoring the data and slinging out offers that haven't a snowballs chance in FL?
Were you offended when your agent advised this was a "TOTAL" waste of time.
Did you attend an open house and stumble across an agent you think you would rather work with?
Is your agent reponding in a latent manner becuase they have another job that takes precedence over your home buying activity?
Fill us in. What's going on? Really.
Best of success to you,
Annette Lawrence, Broker/Assoicate
Remax Realtec Group
Palm Harbor, FL
There were many variables to consider why your bids did not win?
First, what was your offer price? Have your realtor advised of the tight market that you were in? That your bid should not only be the best in terms of $$$ but also best in other terms, like no contingencies and quick closing.
What are the factors to consider when making a bid or offer--to make it acceptable and attractive to the seller?
Cash offer , quick closing and no contingencies-- this looks attractive, right?
But in this scenario, the seller will look into the $$$ it will net based on this offer. All other terms are excellent. If the bottomline to the seller is $15K less than asking, how will you beat this?
You have to bid the full price or more, all contingencies intact and 45 days to close at least if you are getting a mortgage.
However, are you qualified to bid more? Are you asking for seller's concession?
There are so many things to consider and I don't have the information or facts to advise you.
Before you think about firing your realtor because you lost two bids, evaluate first what happened and why you did not win it. Do you feel that your were not advised accordingly.
Perhaps, her hands are tied because of the limitations in the type of financing you are getting.
A communication and discussion with your realtor is my recommendation.
Then, decide from there. Give her the courtesy she/he deserved. Despite all the unsuccessful outcome, she/he did render your services at no cost to you.
Hopefully, you will get a full grasp why your bids were not accepted. And consequently, a better outcome is just around the corner. The right home for you.