What to do if broker not passing along offer

Looks like it is your issue - very likely do with low ball. One broker not passing on the offer, I can understand. Also, If the places are still available, go back with your offer with a couple of percent higher. Why do not you get a buyer's broker who can help you a bit? There are some who will give you a part of the commission back. Nothing stops you from writing to the owners - if this would make you happy.

ues, did any of these apartments sell for lower price than you offered? If that is the case, there may be a problem with the details you are providing in your offer. at the end of the day, owners want to sell when they are tired of waiting for the right offer they have in mind.

If the seller is still using that same broker, he/she/they will likely pass along any written offer that you make to them directly to their current broker. Are you sure that these sellers are still using the same broker that you spoke with? It certainly is possible that the seller either decided not to make a counteroffer to your offer or was easily available to their broker by email/phone and the seller did make a counteroffer to your offer within minutes as you say. As suggested, you may want to get your own broker and let them convey any offers on your behalf. I don't see any incentive for the seller's broker to take matters into their own hands by not conveying your previous offers.

go back with your offer with a couple of percent higher.---

Never do this. It is likely that the apartment is priced too high. If you really believe that the offer is not being past along by the broker. Why not let the owner know an offer was made? It is very easy to find out the owner, especially in a door man building.

Most brokers will lie to get you to get your price up. always remember that

meant -
Never do this unless a counter is made then you can come up a few % points if you feel the apt is worth it, but in this market with prices falling, you probably shouldn't

-- I went back once with a lower offer than my original(back closer in line with 09' comps) they came down again. not to my offer.. the original apartment never sold and was taken off the market..

Needless to say another apartment in same building same line, similar condition came on the market a few months later close to my second revised lower offer.. It is still sitting there. In this case I was glad I did not go to the owner because I would have paid a higher price.

are you making your offer in writing?

I also made an offer on a unit recently, and was surprised at the speed with which the counter offer came back. I also wonder whether my offer was made to the seller or whether the seller's broker came back with his own number without consulting the actual sellers.

I've read here on SE that a seller might tell the agent, "I won't entertain an offer under $$$".

This is not the 1980s, LOL. People are, for the most part, instantly reachable via cell, text, email.... A counter offer within 5-10 minutes seems completely possible as long as the terms are simple.

Two things strike me here:

One is lad's observation. We do indeed have smartphones now, and a seller who works in tech, especially, is sometimes capable of looping back nearly instantly.

The second is that if you're the listing agent, your *entire* job is to solicit offers. So a good agent will prepare the seller, and may already have marching orders from that consult: "I'm showing today. The candidate sounds qualified. If they offer X, how do you want me to handle it?"

ali r.
DG Neary Realty

i've given discretion to a broker in the past to counter in certain sized increments, and i've also told brokers to auto reject anything below a certain # as its a waste of time. Kind of imagine though that if thats the case though that the broker would stretch it out to play mind game a bit.

>If they offer X, how do you want me to handle it?"

Seems kind of refreshing that a broker would care about price, no?

should file a complain to the broker company, if the agent is associated with a company

>should file a complain to the broker company

Then what happens?

ues_shopper, if you are still reading

- You are assuming there is no issue with your bids prices or qualifications as you are not talking about one offer but multiple offers which presumable went to different brokers. Frankly does not seem a broker issue to me.
- Very easy to blame the brokers. ues_shopper, why do not you bid higher for the same property for which you got no counter and see if you get a response - no need to enter a contract at that price - this will give you some good info.
- It is perfectly legitimate for the seller and their representatives to play the game by not responding. Many times, people get anxoius and increase the offer. Of course, some of them back out at the last minute.

--------- Very easy to blame the brokers. ues_shopper, why do not you bid higher for the same property for which you got no counter and see if you get a response - no need to enter a contract at that price - this will give you some good info.
- It is perfectly legitimate for the seller and their representatives to play the game by not responding. Many times, people get anxoius and increase the offer. Of course, some of them back out at the last minute.

This is what ever broker wants you to do. AVOID doing this. It will get you to emotionally involved. Stick with your price until you receive a counter.

Thanks for all the advice. We have a broker who has been submitting offers.
None have sold for less but many have been taken off the market unsold or have sold within
40-50 k of our offer(1.2-1.5 mil apts). Some are still lingering on the market
Months later and now lowered the price to within 6% of our offer. We recently passed
Fancy building board (deal fell through) so I don't think that is the
Issue.

patience is a virtue. and an asset in this market.

ues, you have just answered your own question. You were 4-5% below. Try again with the one lingering on the market. We bid 10% lower but got told to fxxx off. The apartment was on the market after 2 months we went back with 4% higher and take it or leave it. This time they took it. You can either increase offers going forward or wait patiently till the time you find what you like at the price you like.

Anyone have a lost of condop's on the East Side, I am not able to search via that keyword.

all help appreciated!

I know that my first offer wasn't even passed along because the sellers broker came back immediately and said not to bother since there was already a higher offer on the table. Which actually forced us to just offer our best number since we had no idea what the other offer was. We still got it below asking, but there's a good chance we could have gotten it for about %5-8K less.