To clarify my earlier answer, I let go of clients who are not serious buyers.They are just "tire kickers" In NYS, You have to present all offers, so if you don't like the clients tactics, get rid of the client.
But there is always an agent out there that will present these low offers, and buyers that will try to sue an agent if the agent does not do what they want. In our area there has been an unusually high number of complaints from buyers.They were mad that agents would not present offers that were almost half of asking price.I just had such a client.I refused to waste time with him.I provided him with a market analysis to show him what homes in the area sold for, and he also had a home inspector look at the house, which the inspector said was in excellent shape, and the buyer still tried to offer half the asking price. - Fri Dec 7 2007, 19:34
When an agent is working with a buyer,the agent tries to help his buyer make an informed offer.Agents use criteria such as the condition of the home,and the prices of homes recently sold in the area. However, many buyers try to present lowball offers that are basically a waste of everyones time.But the agent must present all offers,even if they are low.So to answer your question,an agent will present any offer that a client wished to present.no matter how low. - Fri Dec 7 2007, 17:26
You can go to the NYS Dept of State website to check to see if this company is licensed to sell real estate in NY. If it were me, I would hire my own local Realtor as a Buyer's Agent to transact any business with a company such as this. The Buyer's Agent fee should come from the seller per the listing agreement.A Buyer's Agent looks after the interests of buyer, not the seller. - Fri Dec 7 2007, 18:02
If you don't have any credit,do you have proof on income? A bank will want to know that you you are credit worthy. Besides credit scores, they will look at employment history, bank accounts and assets.A more affordable alternative to Westecheter County is Dutchess County. You can commute to NYC via Metro North Railroad, drive down the Taconic State Parkway, or take a bus.Homes are much more affordable in Dutchess County.There are many area colleges such as Vassar, Bard, Marist, Culinary Institute of America. IBM is a large employer here. There is easy access to shopping,recreation,cultural events,hospitals, historic sites and more. - Fri Dec 7 2007, 17:53
For investers, this is not a depression, but an opportunity! Real estate is still a great investment over the long run. There are great deals on multi-family and commercial property. Those who can afford to hold onto to their property and sell when the markets rise will make out. - Fri Dec 7 2007, 17:45
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.