

1,642,204
If we're just now making random statements here and dispensed with questions, I'd love to add...
🎵 So don't ask me no questions
And I won't tell you no lies
And don't ask me about my business
And I won't tell you good-bye (that's right) 🎶
~ Lynyrd Skynyrd
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Greg Large
Grove City, OH
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Susie Kay
Plano, TX
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Candice A. Donofrio
Fort Mohave, AZ
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Joseph Domino 480-390-...
Scottsdale, AZ
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Thomas J. Nelson, REAL...
La Jolla, CA
613,494
That is the job for the listing agent, not the buyers agent.
The buyers agent has no knowledge of the sellers finances or costs.
Eve
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Debe Maxwell, CRS
Charlotte, NC
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Olga Simoncelli
New Fairfield, CT
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Lyn Sims
Schaumburg, IL
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
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Susie Kay
Plano, TX
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Joseph Domino 480-390-...
Scottsdale, AZ
1,153,799
An ancient habit I no longer practice
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Fred Griffin Florida R...
Tallahassee, FL
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Susie Kay
Plano, TX
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Joseph Domino 480-390-...
Scottsdale, AZ
2,718,403
We used to. Today, it is verbal only. (What happens if you miss that number, and they decide to come after you for that money?).
If they want it in writing, refer them to a CPA.
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Susie Kay
Plano, TX
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Joseph Domino 480-390-...
Scottsdale, AZ
936,768
It's good practice.
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John Juarez
Fremont, CA
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Lyn Sims
Schaumburg, IL
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Kathleen Daniels, Prob...
San Jose, CA
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Susie Kay
Plano, TX
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Joseph Domino 480-390-...
Scottsdale, AZ
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Candice A. Donofrio
Fort Mohave, AZ
1,546,624
No.
As the buyer's agent you do not have any clue what their mortgage balance is, let alone what their payoff is. As a listing agent you may know the loan balance, but you do not know the exact payoff nor what all of the associated fees will be. Too much room for error and exposure to risk.
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
509,499
I'm not sure what you are asking. At first, I thought you were the buyer's agent wanting to give the seller the net estimate.
I re-read your statement (question). It looks like you are the listing agent and you have an offer in hand that you are presenting to your seller. You would like to give your seller the net estimate. Is that the question? If so, then yes, you can do so. I would emphasize to the seller that this is an estimate only.
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Susie Kay
Plano, TX
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Joan Cox
Denver, CO
1,113,558
OK I'm gonna assume you're asking if we would net out the seller when an offer comes in.
OF COURSE.
We net out the seller two times:
**when deciding on an asking price
**when deciding how to respond to an offer.
Sellers who 'forgot to pay the taxes for a couple years' or have an unpaid improvement assessment don't factor that in off the top of their heads!
We engage the title company to make sure we have ALL the seller costs.
Was that the question? 🔮
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Susie Kay
Plano, TX
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Joseph Domino 480-390-...
Scottsdale, AZ
6,056,515
Not sure what you are trying to ask.
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Steve Higgins
Kelowna, BC
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Susie Kay
Plano, TX
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Joseph Domino 480-390-...
Scottsdale, AZ
2,873,442
There was a time when this was impressive as a service to offer a seller and of course it also was funtional and relevant to those that requested it. Today, not so much
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Susie Kay
Plano, TX
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Joseph Domino 480-390-...
Scottsdale, AZ
5,561,993
Automatic - present the facts!
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John Juarez
Fremont, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Susie Kay
Plano, TX
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Joseph Domino 480-390-...
Scottsdale, AZ
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Candice A. Donofrio
Fort Mohave, AZ
3,448,066
Representing a buyer - that would be a NUNYA.
Representing the seller - title and escrow prepare once the offer is accepted and we know the closing date for prorations.
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
1,472,241
Out of a Realtor's purview here. Much to do with our Federal Privacy Act; what people owe on Mtges, etc is confidential. All of this is prepared by their lawyer on closing.
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Susie Kay
Plano, TX
5,391,966
Is there a question here?
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John Juarez
Fremont, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Susie Kay
Plano, TX
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Joseph Domino 480-390-...
Scottsdale, AZ
625,212
Only when I have the actual numbers of the payoff.
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Susie Kay
Plano, TX
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Joseph Domino 480-390-...
Scottsdale, AZ
5,560,447
Why would you? How do you know what the seller owes on mortgage, etc?
OR, are you the LA?
Wait! What is the question?
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John Juarez
Fremont, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Joan Cox
Denver, CO
6,770,321
If I am working for the seller and forwarding an offer to them then, Yes.
If working for a buyer and submitting an offer then that is not my place to include this.
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
2,259,513
It’s a requirement in our State
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Susie Kay
Plano, TX
1,480,091
Who is presenting an offer?
As a buyer's agent, I have never done so.
As the listing agent, from the contact amount and terms, I can help the seller to determine the approximate net after fees and mortgage pay-off (if any), taxes, interest, any possible credits, fees for required seller provided reports, escrow and title fees (depending on who pays those), and other costs/fees.
Reality check: sellers are concerned about the price and rarely ask about the bottom line. Maybe they should.
In any event, our escrow company will also provide the information and do it quick and better than I can.
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Steve Higgins
Kelowna, BC
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Joan Cox
Denver, CO
834,982
Not sure of your question, here the only one that would know the sellers net estimate would be the seller and his/her lawyer.
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Joan Cox
Denver, CO
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John Juarez
Fremont, CA
944,471
As a listing agent you can include the seller's net estimate at the beginning or with an offer. Not all states or brokerages require it but it is helpful.
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
930,105
I used to do that for my listing clients sometimes, but never with an offer as a buyers' agent.
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
424,993
How would the buyer's agent know what the payoff(s) are? How would buyer's agent know seller's tax situation? Seems like it will insult the seller and the seller's agent
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John Juarez
Fremont, CA