Hi All, I feel like I am dealing with an unscrupulous agent - unfortunately to get the property, i have to use the listing agent as my agent.
We submitted the offer last week, and the agent came back this week saying that the system has rejected the initial offer price (which is over the listing price). So unless I submit a higher offer, the listing agent will go to his backup.
Does this sound right? I haven't seen any documentation or screenshots of the computer system. First there is no documentation, second the timing is really fast, third does BOA reject an offer immediately without having even assigned a negotiator?
I feel like this agent is yanking my chain. Let me know if you guys have any experience dealing with this. Thank you very much!
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Yes she is correct. That is how BOA work.. Their system will immediately reject an insufficient offer.
I have two short sales in Equator right now (I'm listing agent on both and have both sides on one). It is not unusual to get a speedy counter from Equator. They counter online. What you may want to ask the listing agent to do is to give you a counter in writing based upon Equators counter. Your buyer can accept or counter back. In my experience, the system does say reject but it's actually a counter. What I do is print the worksheet from Equator (it will detail everything and anything they are countering) then I do my own counter in writing for the buyer. Once I have received acceptance or counter to counter from buyer, I enter the terms in Equator, they will either accept or reject. You do have a contract. Listing agent should provide you with something in writing. I doubt he is yanking your chain, he may just be inexperienced with Equator. It's a new system. Good Luck!
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