Luckily for you the Arizona Department of Real Estate does not require an agent to have a GED or any experience what so ever to obtain a real estate license. Therefore there are probably several thousand agents out there who know nothing about the real estate market and will delight in helping you.
We submitted a lot of OFFERS that went nowhere,
We didn't even get call backs for BEST AND FINAL.
The Banks have been PRICING very deliberately lately, and they don't get insulted, they just don't respond.
And trust me, after you've closed several deals in a single month several of the same agents who weren't interested in doing business with you will be trying to solicit your business. And, when you find the right agent... you'll know.
If you are willing to PAY $1000 CASH EMD and PAY the Realtor $1000 for each offer, go for it.
Asking the Realtor to Write and submit many offers without payment In advance or only on commission, is not worth the time of the Realtor.
We hear stories about how "Big Time Investors" do this all the time, but when We ask the investor to see all the contracts, and the HUD 1 closing statements of all the properties they bought, these so called big investors come up short.
Investors also must know about what is called "Dealer Status." Read my blog below about Dealer Status for Real Estate Investors.
One other thing you might want to do for a successful home purchase is to get prequalified. This would let you know the loan amount that you can be qualified. This would help you in negotiation. Moreover, you would need a prequalification letter to submit your offer.
So that pretty much exemplifies the fact my world doesn't include low offers, at least the ones that aren't in the trash.
And as a home Buyer (as you are listed), you should also know this. If a home is a steal or virtual give away, do you know who buys that home? Yep, the Realtor. If not the Realtor, his family. If not his family, his friends!
I would suggest you acquiring a real estate license so you can pursue those "deals"
If not, at least use email offers so you dont kill too many trees on low balls offers.
Banks are predictable with price drops like clockwork. They have a price drop every 7 days, every 2 weeks to monthly. Sometimes every 6 weeks or every day. Itâ€™s like dealing with a robot. You can offer $65K on a property on Wednesday that is listed for $75K and they might say no. 5 days later on Monday they can reduce the price to $65K and forget about your bid just a few days ago. Youâ€™re dealing with robots machines. So start thinking like one. Have you seen theâ€ MATRIX?â€ Humans are smarter than machines remember that line? So donâ€™t be an amateur. Get out there and kick ass.
What matters the most is not only are you wasting realtorâ€™s time? You are wasting your time. And investing in real estate time is more important than money.
I don't think most agents are embarrassed to submit any offer. They may advise you otherwise at times depending upon the activity a home is generating (such as multiple offers). Have you been working with an agent and are you having difficulties? Are you an investor or a home buyer looking for your own home? Many investors are making offers on low priced homes that are over asking price and still not getting them. So this will depend on the home and the price range...
Ron & Brenda Cunningham
*** Recognized in the Phoenix Business Journal as "One of the Top 50 Realtors in the Valley" ***