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#316989 - 12/09/09 05:48 PM Re: $60,000 Earnest Money on a Foreclosure, why is the bank crazy? [Re: Mark Brian]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8392
Loc: georgia
Like I said some people always feel they can build a better mousetrap and that will never change.

Have a happy closing and I hope it goes well for you.

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#317006 - 12/09/09 07:55 PM Re: $60,000 Earnest Money on a Foreclosure, why is the bank crazy? [Re: super realtor]
charlotteNCbuyer Offline
Member

Registered: 11/17/09
Posts: 34
Loc: charlotte, NC
"but you will never know. It is sad that the bank paid for that buyers agent for you to use to get a better deal and you did not take advantage of the free help."

Exactly what would a buyer's agent do to help make the scenario better? People keep on saying general things, but never say specifically how it could of helped. Seriously was he/she going to somehow call up the listing agent, charm them and find out exactly what I should bid to beat the competition and get me the house for the optimal price.

Because if you really think that is true, you should meet the guy who bid $167,500. I talked to him on the phone and that is EXACTLY what he claimed happened with his bid. He found out the price to beat me and bid it and he lost.

I'm going to ask the seller at closing exactly how this all works because it seems I get just generic answers here.

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#317028 - 12/09/09 10:25 PM Re: $60,000 Earnest Money on a Foreclosure, why is the bank crazy? [Re: charlotteNCbuyer]
LizL Offline
Major Contributor

Registered: 08/27/05
Posts: 1620
Loc: Missouri
If you are going to attempt to correct my use of the pronoun "we," I will correct your spelling of the word "Realtor." That, by the way, is a specific term that does not mean the same thing as "real estate agent" and it should be capitalized.

I do have the right to say WE! "We" are the agents on this forum--several of whom did answer your questions. I will not, however, attempt to answer your questions in the future. You are so sure that you have negotiated the best possible deal for yourself that no amount of reason or evidence will convince you that you might be wrong or that there are still potential issues ahead of you. So be it. Even a broken clock has the right time twice a day, so you could be correct.

Folks who have good friends take their wedding photos never know how good the photos could have been. . .
_________________________
REALTORŪ, Broker/Salesperson, GRI, ABR
REO listing/selling since 2004; BPOs

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#317035 - 12/09/09 11:07 PM Re: $60,000 Earnest Money on a Foreclosure, why is the bank crazy? [Re: LizL]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2868
Loc: Old Dominion
Originally Posted By: lizl


Folks who have good friends take their wedding photos never know how good the photos could have been. . .


That is such a good point and so relavent to this discussion.
_________________________
Life's not fair.

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#317195 - 12/10/09 10:29 PM Re: $60,000 Earnest Money on a Foreclosure, why is the bank crazy? [Re: Doin' bpose]
charlotteNCbuyer Offline
Member

Registered: 11/17/09
Posts: 34
Loc: charlotte, NC
Actually there are some crappy photographers out there and some friends who shoot weddings are better than those that charge $$$ professionally. I can list specific points on what most pro's do better. Pro's generally use flash and combine it with exsisting light better. They have more expensive lenses that allow for better pictures in low light. They can pose people better. They do better album design. Whether these things are worth it or not often depends on the lighting at the venue. Beach weddings are easy for amatures to shoot. Big dark churches are much harder for amatures. I could go on but you get the idea.

Too bad you guys can't list specifically why an agent would of helped me and my situation to make it even better.

Lilz if you want to "burn bridges" over something as minor as some "relazqtor" questions I'd suggest drinking some egg nog to get you in the spirit.

"WE" buyers certainly are happy egg nog or not.

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#317257 - 12/11/09 10:41 AM Re: $60,000 Earnest Money on a Foreclosure, why is the bank crazy? [Re: Doin' bpose]
mWoods Offline
Member

Registered: 12/11/09
Posts: 82
Loc: Indianapolis
59K in earnest money...my head is still spinning. That is a ridiculous amount of money unless you are buying in the million and up price range.
_________________________
Mike Woods displays 27,000+ Indianapolis homes for sale in Indianapolis, Indiana. See real estate for sale in 650 cities throughout the United States.

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#317392 - 12/11/09 07:03 PM Re: $60,000 Earnest Money on a Foreclosure, why is the bank crazy? [Re: Mark Brian]
STEW Offline
Veteran Member

Registered: 08/27/07
Posts: 507
Loc: FLORIDA


I say back off of her, she's managed to get it under contract. I think she has great realtor potential. I purchased several properties on my own before I was a Realtor and got screwed only minorly...once took the the listing agents word that the termite inspection was clean after she said it had been misplaced and closing was already in progress.. One year later when I resold it for significant profit-guess what? tenting it was only $1000.00; I still came out way ahead...
There are ethical listing realtors who wont take advantage of unrepresented or dual agent situations; I am one of those people..I just hope she is working with one of these..

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#317490 - 12/12/09 10:16 AM Re: $60,000 Earnest Money on a Foreclosure, why is the bank crazy? [Re: STEW]
Mark Brian Offline
Member

Registered: 11/08/07
Posts: 450
Loc: South Carolina
Sadly, we could list all the ways that a buyers agent would have helped charlotteNCbuyer but they would just want to argue about that also. But why waste anymore time with someone that just wants to argue?
_________________________
Mark Brian Silver Star Real Estate LLC
Anderson South Carolina
Upstate South Carolina Real Estate

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#318011 - 12/16/09 12:24 AM Re: $60,000 Earnest Money on a Foreclosure, why is the bank crazy? [Re: Mark Brian]
clof2001 Offline
Member

Registered: 03/19/09
Posts: 13
Loc: Southern CA
You got the house. Move on

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#318040 - 12/16/09 08:54 AM Re: $60,000 Earnest Money on a Foreclosure, why is the bank crazy? [Re: clof2001]
LizL Offline
Major Contributor

Registered: 08/27/05
Posts: 1620
Loc: Missouri
Yes, CNCB got the house under contract, but we will never know if the deal runs into complications, disappointments, or confusing/confounding aspects that a buyer's agent could have impacted, because he/she is not going to admit (or even know).
_________________________
REALTORŪ, Broker/Salesperson, GRI, ABR
REO listing/selling since 2004; BPOs

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