How do you respond to the question "How much will the bank take"?

Almost every agent asks that question and I always fumble on it. Haven't quite gotten a response down I am comfortable with...Also something that can express not to low ball offers

I have never had trouble with "You know I can't tell you that. Submit your offer and let's see what we can get done."

I am pretty much the same - I usually say, well, make an offer - we have to start somewhere.

"The bank is my client and I can not divuldge that kind of information. Write an offer it will be presented. How much is your client willing to pay though?"

Over half of the agents tell me their clients price ???? WOW!

I just say I have no idea. I really don't have any idea until the first offer goes through.

"A full priced cash offer will do it." Stupid questions deserve smart-[censored] remarks.

Full price usually will do. REO Dayton, I've had similar experiences with agents showing their cards by giving me their buyer's upper limit.

I get that from the public but not from agents.

That's pretty much what I say, too.

I follow up with I know they will take a full price, cash offer no inspections closing in 30 days....

you can't fix stupid

I just say "I can't speak for my client.Submit your best offer and we will see what happens."

What if ask less direct?

For example if you have multi-offers, they ask if your offers are they above asking? or Or how many offers do you have? etc.

How do you answer those questions?

Don't get that stupid question too often but usually the same as above. Basically, "Well how much is the list price? "(as if I don't know. Sometimes its fun to play dumb with dumb)

In that case, I always state that I cannot discuss offers.

If it is multiple offer situation, they get the paperwork to sign off on and the request for highest and best.

I ask them what they were thinking of offering and will tell them if they are in the ballpark.

Example house is listed at 400k and I have an 2 offers on the table for 365k and 380k.The buyer on the phone is preapproved for up to 345k and wants to offer 325k. Obviously they are trying to buy a home OUTSIDE of there approval range. With other offers on the table and they can't get financed higher it would be a waste of time to bring an offer.

If they are in the running I tell them to submit there best and highest in a multiple offer situation. I tell them to submit the offer they feel if it's not taken they went to the top of there comfort zone and can walk away if it doesn't happen.