Initiating Contact

User Forum Topic
Submitted by Raymond on March 27, 2008 - 11:53am

Ladies and Gentlemen:

I'm from out of state and I am looking to buy in SD.

I want to present my bid to the seller myself. If a price could be agreed upon then I'll enlist the help of a buying agent to formalize the offer. I have pre qualified with a lender, but will the listing agent take me seriously or will they only want to talk to other agents?

The reason I want to do it this way is because I want my offer on the table asap once I find a good prospect.
My buying agent could be busy, reluctant or both.

Will my idea work? Thanks for your suggestions.

Ray

Submitted by beanmaestro on March 27, 2008 - 7:20pm.

Ray,

I'll give you the Piggington party line on this.

Prices are coming down fast, so time is on your side. Being in a hurry to buy will cause you to pay a higher price, both because you may look desperate, and because the asking price is falling. Seriously consider renting for year or two while you get to know the area. Then decide where you want to live, then buy.

As for buying with minimal agent help, I would figure that buying from out of state is exactly the case case where you DO want an agent. That way, you can see the most appropriate houses (out of tens of thousands in the county) during your visit to San Diego. My wife and I are planning to do this when we visit potential cities... we also get to "test drive" the agents by seeing if they can refer us to suitable properties)

Also, presenting offers directly to the seller (and bypassing their agent) won't help if the seller already has a contract with a broker.

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