Calling Listing agents on the property sign. If you have a Real Estate Agent working with you there is absolutely no reason for you to call an agent on a sign, nor on a website or on the internet. You are to always call your personal agent and allow them to communicate with the listing agent. Here is an example of what happens and yes it just happened again this past December 2016. I was working a deal for a buyer on an offer with a agent. The buyer called another agent on a different property. The buyer negotiated a sales price and the agent gathered the buyers information and sent him a contract. The buyer calls me asking me to help him because something was terribly wrong on his contract he signed with the listing agent on the other property. Since the buyer did not tell the other agent he was represented and signed there was nothing further I could do because he already agreed to the terms that were in the sellers favor by the sellers agent and if I would have stepped in, after the fact, I was now interferring with the business dealings of another agent who is now representing my buyer.
Trying to Low Ball on offers. Low Balling is when you offer far less than list price. Example: A house is listed for $150,000. The buyer wants to offer $120,000 and have the seller pay closing cost of about $5,600 as well as paying for a Owners Title Policy about $900 plus ordering a new survey about $475, paying for a home warranty of about $465. Keep in mind this seller may have a mortgage balance owed on this property. The seller will reject his offer because the seller will be broke by the time the new buyer and seller finalizes the transaction and the seller will not have enough money to move into their next house.
Shopping for furniture, new cars or anything that will cause a new line of credit to be opened which will cause the loan for the house to be canceled by the lender. Don't window shop. Don't online shop. Don't listen to a sales person at the store when he/she tells you that transaction will not affect your home loan. They have no idea what they are saying. New lines of credit can very well cause your DTI - dept to income ratio to be blown out of the water and will cause your home loan to be terminated. No loan. No house. Buyer upset. Seller upset. Title company closes the file. Lender closes the file. Agent closes the file. Seller starts over trying to find a new buyer.
Erase note
You currently have no custom folders