Our recent REO listing in San Jose generated more than 27 offers and we had to stop accepting offers in 3 days when the Asset Manager wanted to focus on top 4 offers. That was when one agent called and insisted that he will be making a strong offer. I informed him that there are 27 offers with ALL of their pricing above the asking. What he told me next is the inspiration for this blog.
He asked me: "will you sign and Non-Disclosure Agreement that you will not share my offer with anyone else"!? At first, I wasn't sure what he was asking, so he repeated that he will require an NDA before he sends me an offer! I replied that I have 27 offers and I don't think I will have time to publish his offer to anyone! He then said, "I will take you word on it and won't send you an NDA"! The next day his office called and wanted to see if they can deliver the offer manually since their fax and scanners were NOT working!! A day after we had stopped taking offers they emailed us a document which was a scanned copy of an MS Word document which was NOT readable!!
Bottom line is that it takes alot more that filling out Real Estate forms for an agent to successfully represent a client when they are writing offers.
Would you let this guy write an offer!? I welcome your comments!!
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