I just opened an escrow for clients that I've been working with for a few months.  After an initial meeting to establish their needs and financial situation, we began our search by looking at many REO and short sale properties.  The buyers comments always seemed to be "let's make a low offer and see if we can make a deal."  As you may know, this strategy just doesn't work in this market with slim inventories, REOs and unresponsive short sales.

It finally dawned on me that this buyer really wanted "a deal" first and the house that came along with it was a bonus.  Some clients are just not fulfilled unless they are in a toe-to-toe negotiation from start to finish.  Well, I changed my search parameters and started looking at homes $25,000 over their limit (which all happened to be equity sellers) and we made two offers immediately.  I'm glad to say that we are now in escrow on one of those homes after we negotiated the price down into their comfort range.

Sometimes, you just have to step back and look at your clients from a different perspective.  We think we know exactly what in the client's head but are often on the wrong track!

 

*   *   *   *   *

John Alesi - REALTOR®

CENTURY 21 Superstars

Search for homes at: www.YourOCHome.com

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Post is included in group: Orange County Real Estate
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3 Comments on Lesson Learned

JUN
04
Hit Router

Wonderful post with a great story.  Sometimes we really do need to take a step back and look at things from a different perspective...sometimes we are working with buyers who really don't know what they're looking for themselves.  

7:52pm • #1
179,302 Points 1 Featured Post Localism Sponsor

John,

Sad but true. There are buyers out there that it is the "deal" that drives their decisions. They forget this is where they are going to live and call their own. To each their own!

8:10pm • #2
JUN
09
102,306 Points 3 Featured Posts Localism Sponsor

John - I'm glad you got them placed.  If they waited too long they would have missed the market - all to get the "scream'n deal" that the media tells them they should have.  Good job. 

4:31am • #3

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John Alesi (Orange County California Real Estate)

Mission Viejo, CA

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Century 21 Superstars

Address: 22342 Avenida Empresa, Suite 150, Rancho Santa Margarita, CA, 92688

Office Phone: (949) 480-5397

Cell Phone: (949) 510-2154

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