I'm looking to buy a single family home in coastal Maine. In the area in which I am looking, the market has a slight seller advantage, with good houses selling fairly briskly.
I choose not to hire an agent. I have learned the Maine purchase agreement form and am prepared to submit offers myself to the seller's agent. I have done this once, submitting a cash offer above asking price, and was told by the seller's agent that my offer was passed on.
There is one agency that handles most of the transactions in the area. I have some concern that the seller's agents might take offers only from buyers represented by an agent–likely by their own office, or present my offers in such a way that cast doubt for the buyers. In Maine a seller's agent is legally responsible to present all offers to the seller.
How can I make sure my offer appears as legitimate as those presented by a buyer's agent?
Will unrepresented buyer's offer make it to the seller?
byu/turkmanisglam inRealEstate
Posted by turkmanisglam
1 Comment
Sellers agents are required to present all written offers to the seller. Agent would lose their license if they didn’t. I’m sorry but no listing agent is going to risk that just to stick it to an unrepresented buyer. They are getting paid either way.
Your last offer just wasn’t good enough. In a sellers market homes routinely go above asking. Also the advantage of cash is not as big as most people think. Many mortgage brokers in my area will underwrite loans in advance and some even offer a guarantee that it will close, so the advantage is negligible.