This is just an FYI so that others can see how a broker can lose a sale.
I made an offer using my buyers broker through a listing agent on a boat on Oct. 7. The feedback we received was that the price was ok but some of the terms needed changing but they didn’t send a signed counter offer but let my offer expire. I made another offer at same price but with the terms changed to what they wanted. We got the same feedback with a couple more changes needed but no counter. I made a third offer and got a verbal that everything including price was agreed on. But the listing broker did not produce a signed acceptance to my offer. The listing broker also requested that my 10% deposit which was being held by my buyers broker be sent to his brokerage. After discussing this with my broker I agreed to have the listing broker hold the deposit. I made my 4th and final offer after having my broker make it clear to the listing broker that this was my final offer and if I did not receive a signed accepted offer that I was moving on and expected my deposit to be returned ASAP. This offer also expired but the listing broker emailed my broker complaining that the verbiage still wasn’t right on a couple items and I didn’t exclude a couple other items that he disclosed were not working. He then said that if I would agree they would change and initial my offer and sign and send to me on Monday.
And here again there is no signed counter offer. I just told my buyers broker to have them return my deposit. After 24 days I’m done with them. It’s just a shame but this boat would have worked out for us. So now I really understand why some people are so down on brokers.
I don't fault my buyers broker, actually I think he acted professionally in the negotiations. I feel the listing broker is the one who lost the sale for the seller. Whether he was lying to me about the seller agreeing verbally to the price or he was trying to play my offer to get a higher offer doesn't matter to me. I made a legitimate offer with the requisite 10% deposit and this guy lost the sale.
So I tried to do the right thing. I found a buyers broker who worked out for me. Unfortunately I couldn't choose the listing brokerage. The seller chose that. My broker even spoke with the seller and got the feeling that the price was acceptable.
I made an offer using my buyers broker through a listing agent on a boat on Oct. 7. The feedback we received was that the price was ok but some of the terms needed changing but they didn’t send a signed counter offer but let my offer expire. I made another offer at same price but with the terms changed to what they wanted. We got the same feedback with a couple more changes needed but no counter. I made a third offer and got a verbal that everything including price was agreed on. But the listing broker did not produce a signed acceptance to my offer. The listing broker also requested that my 10% deposit which was being held by my buyers broker be sent to his brokerage. After discussing this with my broker I agreed to have the listing broker hold the deposit. I made my 4th and final offer after having my broker make it clear to the listing broker that this was my final offer and if I did not receive a signed accepted offer that I was moving on and expected my deposit to be returned ASAP. This offer also expired but the listing broker emailed my broker complaining that the verbiage still wasn’t right on a couple items and I didn’t exclude a couple other items that he disclosed were not working. He then said that if I would agree they would change and initial my offer and sign and send to me on Monday.
And here again there is no signed counter offer. I just told my buyers broker to have them return my deposit. After 24 days I’m done with them. It’s just a shame but this boat would have worked out for us. So now I really understand why some people are so down on brokers.
I don't fault my buyers broker, actually I think he acted professionally in the negotiations. I feel the listing broker is the one who lost the sale for the seller. Whether he was lying to me about the seller agreeing verbally to the price or he was trying to play my offer to get a higher offer doesn't matter to me. I made a legitimate offer with the requisite 10% deposit and this guy lost the sale.
So I tried to do the right thing. I found a buyers broker who worked out for me. Unfortunately I couldn't choose the listing brokerage. The seller chose that. My broker even spoke with the seller and got the feeling that the price was acceptable.