I understand what you are saying, but why would you think you have been played? I can't imagine that you are working with a Realtor that enjoys driving around showing homes and making things up just to enjoy your company on a daily basis. In todayâ€™s market/ economy I am sure that agents are doing everything that they can to help buyers buy a home as well as sell them.
Where does the mindset come from hat your agent is playing games? I am not looking to cause an argument, by how did the agent "play" you?
Taking you to see house, no pay, making offers, no pay, unsuccessful negotiation, no pay...
I am thinking that you are making unrealistic offers and a lot of time is wasted.. especially with no pay to your
Real Estate agent.. so who is being "played" here?
Unless, of course, you are paying your Realtor $25. an hour to take you to look at homes and write these offers.. yeah, then maybe you were played. Clarify a little further on how you feel you have been playedâ€¦.
It sounds like you are being shown the type of homes you wish to see and bid on...Check, no being "played".
Then, you are being guided to make an offer that is in the top two or three....Check, no being "played".
You are informed quickly and in a timely fashion of what the sellers are thinking...Check, no being "played".
Agent also explains verbal counter offers so you may choose to change your bid...Check, no being "played".
Remember, the agent makes nothing if the loan doesn't close. I am willing to bet the agent hopes you find the perfect home at the perfect price, and you get to closing....Check, no being "played".
In terms of finding a new agent, if you have a buyer's agent agreement, that should spell out how to terminate your relationship with the agent, although from what you have said, the agent is not your problem.
Best wishes, Jim, 703 615 4675
I had a similar situation happen not once but three times in the last month or so, with the same client. First house, we saw several houses, waited a bit too long to decide to make an offer on it, and there were 2 other offers and a third on the way (ours would be 4th). Client passed. The house came BACK on the market on a Saturday, and I informed him immediately. Waited too long to decide on an offer price, house sold again on Monday. Second house, decided fairly quickly to make an offer and at first glance it was a very reasonable starting point. We wrote the offer, I called agent to ask to present it, and was told there were 3 written offers already, to come in with our highest and best offer (which BTW usually means fairly close to list if the comps prove it) because the sellers was not going to negotiate. My client only came up $5000, but we presented anyway. As predicted the offer was too low. Third house, same thing...three other offers. Again told my client that his offer would have to be highest and best. He gave me a number which I knew was now going to be too low, so I verbally asked the listing agent how my clients offer would fair up, and was told it was WAY to low.
Even in this so-called bad market, in many areas, a good house priced right will sell, and this is the time of year when this will happen again and again.
It's not in my best interest, or my clients best interest to "play" them when it comes to seling a house. I work hard, and only when a sale is made and closes do I get paid.
In fact, I showed this client a total of 32 houses in a months time. That's also my time researching listings, scheduling appointments, and my gas being used to show the houses. It's my time gathering up and writing the contract and all it's componants, and presenting the offer.
If you think your agent was playing games to "make more money", I don't think so. In reality the difference at 5% commission for a sale that is $10,000 more is $141 more in pocket. In my case, not a hell of a lot when I spent 20 hours showing houses and using my gasoline to drive all over the place.
In your case, the sellers had NOT signed your contract, though they verbally agreed on the sales price. But remember the seller wants to make the most they can, so when a second higher offer came in, they gave you the oppotrunity to raise your offer price to match it. When you wouldn't come up the $10K, the seller was STILL willing to negotiate with you. I don't see this as being "played" at all. The seller could have stuck with the higher offer and never given you the chance to negotiate once you declined to come up 10K. I see this as the sellers and their agent doing what they needed to do to try to get the highest sales price, but still allowing you to "meet them in the middle" once you declined the initial counter-offer.
Touching a bit on what john said, it's the goal of a buyers agent to sell you a home. Realtors are 100% commission. When a buyer says they want to make an offer, that's music to a buyers agents ears. If we make the deal, you are happy, agent gets paid and it results in a win win situation. If your agent doesn't make the deal, he will take you see more homes and you become frustrated.
My final thought? I highly doubt there is any lying or manipulation of your offers. There is no motivation to lie.
I suspect that you are finding yourself in this situation rather than outright manipulation on the part of your agent. But if you find yourself in a situation where the trust is breached, then, again, talk with the agent and the broker/manager to discuss how to mend the situation.
Good luck to you!
Unwavering Commitment to Service
Explain to your agent your feelings about what has transpired. If your still not happy with your agent's advocacy on your behalf ask for a release from any buyer's agreement you might have signed and move on.