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Rainmaker
1,531,496
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

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

May 27, 2021 06:53 AM
Rainmaker
613,494
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

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

May 27, 2021 06:11 AM
Rainmaker
1,153,744
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

An ancient habit I no longer practice

May 27, 2021 06:26 AM
Ambassador
2,679,649
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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.

May 27, 2021 06:11 AM
Rainmaker
908,918
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It's good practice.

May 27, 2021 04:50 AM
Rainmaker
1,498,718
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

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.

May 27, 2021 09:09 AM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

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.  

May 27, 2021 08:30 AM
Rainmaker
1,046,944
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

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? 🔮

May 27, 2021 06:26 AM
Rainmaker
5,850,437
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Not sure what you are trying to ask.

May 27, 2021 06:20 AM
Rainmaker
2,776,081
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

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

May 27, 2021 05:46 AM
Rainmaker
5,194,056
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Automatic - present the facts!

May 27, 2021 04:29 AM
Ambassador
3,339,834
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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. 

May 27, 2021 09:20 AM
Ambassador
1,447,119
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

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. 

May 27, 2021 07:08 AM
Rainmaker
5,096,466
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Is there a question here?

May 27, 2021 05:09 AM
Rainmaker
580,748
Shayne Stone
HomeSmart - Fulshear, TX
"Your Rock Solid Choice Realtor" RETIRED

Only when I have the actual numbers of the payoff.

May 27, 2021 05:08 AM
Ambassador
5,204,770
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Why would you? How do you know what the seller owes on mortgage, etc? 

OR, are you the LA? 

Wait! What is the question?

May 28, 2021 11:08 AM
Ambassador
6,358,770
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

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.

May 27, 2021 08:40 AM
Rainmaker
2,171,261
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It’s a requirement in our State

May 27, 2021 07:14 AM
Rainmaker
1,296,186
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

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.

May 29, 2021 06:06 PM
Rainmaker
802,769
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

Not sure of your question, here the only one that would know the sellers net estimate would be the seller and his/her lawyer.

May 28, 2021 05:32 PM
Rainmaker
898,142
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

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.

May 28, 2021 07:34 AM
Rainmaker
898,068
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

I used to do that for my listing clients sometimes, but never with an offer as a buyers' agent.

May 28, 2021 07:09 AM
Rainer
414,837
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

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

May 29, 2021 10:16 AM