Anonymous

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Rainmaker
894,690
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

You've got a fiduciary obligation not to reveal the seller's bottom line if it differs from the asking price unless the seller authorizes you to do so in writing.

May 11, 2018 07:43 AM
Rainmaker
4,099,156
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I respond -- study hard, take lots of practice tests, do well on your state exam. 

 

May 11, 2018 09:14 AM
Rainmaker
5,571,886
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

make an offer, and you'll be the first to know!!

May 11, 2018 07:53 AM
Rainmaker
1,889,268
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

I would say, "I know the seller would seriously consider an offer that matched or exceeded the listing price". I said this to someone yesterday in fact. 

May 11, 2018 10:17 AM
Ambassador
4,579,180
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

As the seller's agent you cannot reveal that unless you have something in writing. Make an offer and let's see what happens!

May 11, 2018 09:49 AM
Rainmaker
6,606,389
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Just tell them to submit their best offer.

May 11, 2018 09:04 AM
Rainmaker
5,586,444
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

You have the answer as stated by Candice A. Donofrio and Carol Williams .

May 11, 2018 08:52 AM
Rainmaker
1,736,113
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

If you are licensed you know the answer to this question.  There are no duties owed to the customer... only to your client. 

May 11, 2018 08:17 AM
Rainmaker
1,722,955
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

This should be one of the top answers you have in your real estate tool box. I always smile & do the corny 'they will take the list price I bet'.

May 11, 2018 11:19 AM
Ambassador
1,821,116
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

I have a standard line for that: 

"I know that the seller would accept a full price offer, but why don't you put your offer on paper, and we'll find out together?"

May 11, 2018 11:10 AM
Ambassador
2,570,787
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  The Seller is asking X dollars.  That is the price.  Do you want to write an offer?

May 11, 2018 10:17 AM
Rainmaker
514,124
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

I had this often. My response is, "The only way to know is to write an offer." 

I never ask my clients this and if they volunteer it, I tell them I don't want to know.  As long as they would accept list price if it were the only all cash offer, I want to leave the options open.  Things change.  Even if they gave a number, they may reconsider based on a new comp, change in their situation or a home they want becomes available.  

May 11, 2018 09:47 AM
Rainmaker
542,799
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

I have no idea, it will take a written offer to find out. even when a Seller states they won't take a penny less than "x" doesn't mean you know until they has an offer in front of them, how long it has taken to get that offer, condition, other financial considerations going on in their life...things change.

May 11, 2018 07:50 AM
Ambassador
3,055,932
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

You follow the instructions of the seller.  Period.  
If you don't know - say you don't know.  If you do know, and you are not authorized to discuss, then say you are not at liberty to discuss it. 
If they are interested, make an offer and let the seller respond. 
And if it were me, I'd say, find someone to represent you because I will not. I represent the seller and do not represent buyers on my listings. 

May 11, 2018 07:50 AM
Rainmaker
556,568
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

If the seller has authorized you to provide his bottom figure, you can do this.  If not, they you say "bring me your offer and I will see what the seller is willing to do with it."

May 11, 2018 03:51 PM
Rainmaker
3,466,115
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Many great responses!

May 11, 2018 12:31 PM
Rainmaker
396,324
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

I'd say "Gosh, I don't know. Write an offer and the seller will respond."

May 11, 2018 11:29 AM
Rainmaker
684,615
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Seems like there's a consensus on this one- you don't give that information away. That's Negotiating 101 right there. 

May 11, 2018 11:23 AM
Rainmaker
1,109,295
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

With all of that said then you also know "confidentiality" is part of your fiduciary duty. My listings will generally have minimums prescribed by the Seller although I will always ask Buyers to offer the best they can afford if they really want the home. Whether it passes muster remains to be seen.

May 11, 2018 10:44 AM
Rainmaker
4,042,729
Richard Weeks
Dallas, TX
REALTOR®, Broker

Mr. buyer you need to get your own agent, I represent the seller.

May 11, 2018 07:48 AM
Ambassador
4,257,243
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Present your Offer and we'll see how the sellers respond!

May 11, 2018 10:18 PM
Rainmaker
4,116,775
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

The answer is simple: "I don't know... write us an offer and we'll take it from there." If you represent the seller you cannot legally or ethically compromise your client's negotiating position.

May 11, 2018 07:33 PM
Rainmaker
1,518,916
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

They always ask, but you do not have a Cristal ball to guess it. Yes, if you know the exact number, it will be easier for you to see if there are any chances for them to meet without disclosing the actual number.

May 11, 2018 06:07 PM
Rainmaker
166,398
Jerry Thomas-Construction Loans
Cranbrook Loans - Farmington Hills, MI
Construction Loans in MI, OH, VA, GA and FL.

I'm not sure, just how much would you be willing to offer?

 

I'm pretty sure they would accept a full price offer.

May 11, 2018 03:17 PM
Rainer
92,032
Jon K. Judd
Keller Williams Realty - Central Delaware - Dover, DE
GRI, e-PRO, SFR, Delaware Homes

"...Submit your offer and we'll find out..."

May 11, 2018 01:51 PM
Rainmaker
821,912
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

"Place an offer and find out!" After all, you can't speak for your client...

May 11, 2018 11:47 AM
Ambassador
5,408,079
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

They might accept the asking price, why dont you start there and see what happens.

May 11, 2018 08:58 PM
Ambassador
4,312,759
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Just send the offer - and the counter will tell you what that number is!

May 11, 2018 08:55 PM
Ambassador
3,986,710
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

My loyalties are to my client which means what I know stays with me and my client and the only way the buyer will know for sure, is to make an offer and see where it lands.

May 11, 2018 06:45 PM
Rainmaker
3,985,865
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

You do NOT know what the seller will take, that changes hour by hour sometimes

May 11, 2018 06:16 PM
Rainer
86,464
Mike Kelly,CRS,CIPS
The MJKelly Team - Santa Rosa, CA
"One of Sonoma County's Natural Resources"

This is the eternal flaw of dual agency. Like Barbara says, "let's write an offer and find out!".

May 11, 2018 05:36 PM
Rainmaker
888,887
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

The response to a 'how low can I go' offer is absolute silence.

The answer to 'no offer' is always NO!

Maybe, dear buyer, you need to retool your thinking and strategy. The way you are thinking means you will NEVER get in the game.

 

May 11, 2018 11:28 AM
Rainmaker
2,062,524
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Question was answered with great answers.

Nov 01, 2018 05:02 PM
Rainmaker
1,596,596
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Great answers, I agree.

Nov 01, 2018 04:48 PM
Rainmaker
4,433,693
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Make an offer

May 12, 2018 04:06 PM
Rainmaker
3,069,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Put it in writing and the Seller will respond

May 12, 2018 06:17 AM
Rainmaker
4,209,382
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

My response is the asking price is an invitation to bid. The seller is likely to accept a full price offer with few contingencies. What are your thoughts?

May 12, 2018 05:59 AM
Rainmaker
3,331,180
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

If I am the listing agent, i answer it like i do every other time. That the buyer should make their best offer in writing, accompany a pre qual letter and the seller will promptly answer whether they are willing to accept of counter you with what they will accept

May 12, 2018 05:43 AM
Rainmaker
4,799,491
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I always respond that I think they will accept the listing price, though it's not guaranteed.

May 12, 2018 05:16 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

That should be a good class discussion.

May 12, 2018 04:41 AM
Rainer
87,820
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Your answer: write your highest and best. 

May 11, 2018 11:48 PM
Rainmaker
146,005
Damon Botticelli
Silver State Realty & Investments - Las Vegas, NV
Realtor - Las Vegas Real Estate

"The lowest I can say they will accept is <insert list price here>, but if you'd like to make an offer, let's put it in writing and I will present it for consideration along with your pre-approval letter or proof of funds."

May 11, 2018 10:18 PM