What to do.

[Cookie97128]

I live in Oregon and have changed realtors a few times. For one reason or another. I finially found someone that I thought I would be able to trust.
We got our preapproval amount (135k ), found a house , made an offer which was OUR top price because the house was listed alot higher than what we could do.(147,900) It has been on the market for a while. Got the call yesterday that they had accepted our offer, but it was just a little higher but they would also pay a higher closing cost and it would all work out. This info was given to me by phone.
Then several hours later, another call told me that they had countered with 140 and they pay closing. Well, that's more but we would counter with our original because it's very close. We were still VERY happy.
Then last night realtor said they countered with 145k and they pay closing. THAT'S 10k too much, when we were actually told it was closer.
How can a realtor do this? She says she was given the wrong info from her office, I am just SOOOOOO peed off,
What are my options? Can I go directly to the seller's realtor? We told everyone that there was only a 1% chance that we wouldn't get the house. We have already made the call to sell our stock for the closing costs.

Thanks in advance for your help...

 

[Ashley L]

confused

disclaimer, i am not an attorney, i am a broker/owner any information i give is not nor should be taken as legal advice, and is common to wisconsin your laws may differ

your statment is a little confusing but i think i understand what you are looking for here.

you offered 135k correct?
you were called buy your realtor and told the offer was accepted correct?
then they called you back and said that they countered it instead correct?
i am not sure what the closing costs have to due with anything. that is unless you offered to pay that in your offer to purchase. the seller would pay this typically regardless.
personally sounds like your agent is incompitant.
you would be best to go to the broker of the firm and talk to them about it.
if in the case that they have countered back at full price or to high for you, counter back at your price and add the words (last and final offer) either you will get the house or you wont but it ends the game.
your question to weather or not they can change there mind in mid stream as it so appers they did, the answer is yes, untill you have the form in your hand and you sign it or recieve it, it can be withdrawn. that is why it's very important for you agent to move as quickly as possible to get this in the hands of the other party involved.
one last things, as a realestate broker I will shamefully admit there are some bad agents out there, but realize one thing, were not all like that. some of us just can't spell, i blame that on being blonde

 

[Cookie97128]

Thanks!!! LOL

I like the last line the best!!! BUT i'm a blonde too.

It's not that the seller's agent was going back and forth... I think my agent just didn't have all the facts and told me what she thought was told to her over the phone by someone else in her office. Incompatant... Yes I believe so. I will see what comes of the meeting on Monday with my agent, their agent and my loan officer. I don't know what my loan officer can do except say that our cap is 135k. I know that my agent was out of town when she called me and she probably did get the wrong info over the phone. But she's the one that wrote the offer saying we'd get an answer by noon Sat. She should have stayed in town till then i think to get the correct info. IMO.
I just got three conflicting stories and my hopes where over the top with the first phone call.
Now i understand "DON'T celebrate until the ink is dry."

I was told by a friend to go directly to the seller's agent and talk to her. Would this be bad advice or a waste of time?

 

[Ashley L]

re/reply

again my disclaimer. ect

first i will say good luck and i hope you can get the deal together.

as far as going to the sellers agent. thats a coin toss. if there a good agent they will help you, but ( caution ) ( remember they work for the seller ) there job is to get the seller the best price/offer possible.

also some more advice, if you do get the offer together.( caution)
if you have a finance contigency, which i assume you do. be carefull on your time for loan commitment. put that out as long as possible.
reason being, you don't want to give a loan commitment letter until your banks contigencys are all met. they will need the time to have the home appraised out and other specific issues your bank might have for it.

the banks contigencys leave them the way out but if you cant get it in on time you default and the seller can back out, especially if they get another offer in the mean time.
hope this helps