Posted by Ryan_NH on August 08, 2004 at 13:35:57:
I’m a realtor myself and have been on both sides of the deal. If you don’t have a buyer agency contract with the agent than you’re free to do whatever with any agent… even if you do have a contract with your agent there is no law that says you cannot talk to another agent, but if your agent finds out, it might damage your relationship. If you’re worried about the agent, see if youe agent minds you calling to hear right from the horses mouth. You can write a letter with your next offer explaining your offer and how good of a person you are. You can submit as many offers as you want… the bottomline is that this house is worth $x in the shape that it’s in and the realtor and the seller know what $x. If your offer is lower than that number and the house has only been on for a few weeks, they’ll probably do more advertising and see what happens. It takes awhile for sellers to realize they need to drop the price. I wouldn’t try to read too much into the psychological aspect… it’s all about money… they want the most, you want to pay the least. Unless they have some motivation to move quickly you’re going to pay fair market value.