"Jessica, we've tried and tried, but we can't ever get the house we want!

Lately, I've had several very frustrated home buyers tell me that word for word (or some slight variation of it).

It seems these potential home buyers have been looking all over town and discovered several "great deals". Despite the fact that they've jumped 'immediately' on them, and despite the fact that they've made "good" offers...they keep getting outbid. They keep losing their "dream home".

Not just once...

Not just twice,

but several, several times.

Of course, the home buyer quickly becomes tired of the emotional roller coaster ride: all the searching, deciding, preparing the offer, waiting, waiting and waiting some more...

and then being heartbrokern and completey crushed because their offers keep being rejected (again, and again again...).

Yet, despite the constant setbacks, the home buyers continue to press on...

So, they go online searching for Henry County Real Estate and stumble across my path. "Just great! Another dang real estate agent!", they think upon finding my site. However, the fact that I don't require my visitors to register in order to search thousands upon thousands of homes (updated daily) via the Georgia MLS is very appealing to them.  They decide to stick around a bit (if only to find the catch...).

And, they begin to search (again)...

Quickly they discover: the market is filled with many "great deals" in McDonough, Stockbridge, Hampton, Locust Grove and the surrounding areas. Excited beyond belief and with newly found strength and vigor and great expectations, they pick up the phone and call me about seeing the "great deals" in person.


And that is when I hear:

"Jessica, we've tried and tried, but we can't ever get the house we want! Will you help us?!!!!"

I explain that I may very well be able to help, but before I can say with absolute certainty...I would like for them to explain what happened (what went wrong) with their previous attempts to purchase a home.

The conversation goes something like this:

Buyer:  "Well, we found a home (gives me the address) for $139,900 that has 2,600 square feet, on 1-Acre, 4 Bedrooms and 2.5 Baths and a bonus room. We offered on it a few days later, but somebody beat us to it."

Me:  "If you don't mind me asking, what did you offer?"

Buyer:  "We offered around $129,000! It was a good offer in this market!"

Me:  "And what are you qualified for?"

Buyer: "We're approved for just over $200,000, but we aren't going that high!"

Me:  (I'm pulling the property up on the MLS while I talk) "I see. Did you ask the seller to pay any closings costs?"

Buyer:  "Yeah. We asked them to pay 3% or so."

Me:  (The property is now loaded and I'm looking at its listing history)  "Did you ask the seller for anything else?"

Buyer:  "Yeah. We asked for a Home Warranty, refrigerator, washer and dryer and to pressure wash it. I think we wanted new sod in the front yard too. I don't really remember. Hey Honey! Come here! Did we....."

Me:  "In other words: You got caught stealing the pens!"

Buyer:  "Huh? What pins?  I don't remember seeing any survey pins and we certainly didn't touch them!"

Me:  "Not pins. Pens.  As in ballpoint pens..."

Buyer:  (frustrated) "Jessica, I don't understand what in the world you're talking about! Would you care to explain yourself?"

Me:  (laughing slightly)  "Look I don't mean to laugh about you losing the home, but after I tell you what I'm about to tell you, you're either going to want to work with or you're not. You're either going to be in a better position to buy the next home you want, or you probably won't ever be. But I'm going tell you anyway. OK?"

Buyer:  (Dripping with sarcasm) "Yes mam! I'm all ears!"

Me:  "Let's go into "pretend mode" for a minute, shall we?"

Buyer:  "OK"

Me:  "Now pretend that you're a bank robber for a minute...."

Buyer:  OK

Me:  "Now pretend that you're going to rob a bank..."

Buyer:  "I'm pretending..."

Me:  "Ok. You successfully rob a bank and go to walk out and get away...

Buyer:  "Sounds Good..."

Me:  "But you don't!  You stop. You've got all the cash in the bank, but you decide to go back and get all the change too."

Buyer:  "Ummmmm. Ok...."

Me:  "The alarm is going off like crazy, time is running out, but you've gotten all the cash and you've now gotten all the change too. You go to walk out. You've done it..."

Buyer:  "I need to hurry the hell up!"

Me:  "But you don't! You decide to go back in and grab all the coffee cups with the banks logo on them and all the little plastic ballpoint pens with the cute little logo's on them too. After all: they're just asking to be took..." 

Buyer: "I wouldn't do that. That's..." (I interrupt)

Me:  "And while you're grabbing the very last pen....the police come in and grab you! They handcuff you and haul you off to jail!"

Buyer: "That's not very realistic. Nobody would do that. I sure wouldn't..."

Me:  "Did you know that this home was previously on the market for $245,000 before it was foreclosed?

Buyer:  "Yeah. That's why we wanted it! It's a dang good deal!"

Me: "Yeah, but you tried stealing the pens too when you offered on it!"

Buyer: (Laughing) "Yeah. I guess I see your point.  I never really thought about it like that before."

Me:  "So what day you want to go rob a few banks?*"

Buyer: "Saturday would be great. And, no more trying to steal the pens!"


The moral of this story: There is nothing wrong with trying to get a better deal, or even trying to get the best deal possible. However, sometimes you are already getting the best deal possible and if you really, really, really want the house...don't try and steal the pens - just take the money and run!



*I'm talking about looking at houses! If you don't have a sense of humor and realize that: please go read something else and find another agent to work with. You won't like me and I certainly won't like you.

However, if you don't think buying a home should be the equivalent of going to the dentist for oral surgery without getting any Novocain...call me: 770.841.2760! I would love to meet you and help you rob the bank! Everybody knows that's where the money is! ;)

Jessica Horton is nationally recognized as one of the top real estate agents in the United States under 30-years of age, and has been a guest speaker for the National Association of REALTORS® and the Real Estate Buyers Agency Counsel. She is a trailblazer in  Griffin, GA real estate by offering her clients numerous options when buying or selling a home. Jessica's goal is to empower her clients to make good decisions -- from a posistion of strength -- and she accomplishes this by: freely and openly sharing information about the local real estate market  (No gatekeeper!). In addition: Jessica has been married to her husband, Jason, for ten years and is the mother of two children: Brayden & Mallory. Jessica also loves dogs and Jane Austen novels.


 
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17 Comments on Henry County Foreclosures - Forget the pens! Just take the money and run!

JUL
17
122,792 Points 9 Featured Posts

Eureka - the best example I have EVER heard on what some buyers are doing. Wow. Some days you really amaze me with your examples.

9:40am • #1
575,269 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

I love it, you are one smart cookie, your word picture is awesome. Sometimes it takes using a real life example for them to get it or to play devils advocate.

9:43am • #2
111,882 Points 7 Featured Posts Localism Sponsor

(applauding) EXACTLY

In a multi offer market, make the offer over FP and remove all but necessary (for your protection or lender required) concessions and you'll probably get the house.

 

9:53am • #3
4 Featured Posts Outside Blog

@ Dawn  never underestimate a girl fomr the KunTreeeee .. ;)

@ Missy  Real life or easy to relate to examples are usually great ways to explain real estate. At least they are for me. Thank you.

@ Candice  you really have to figure out if you really, really, really want it or if you're just trying to get a really, really good deal. If you really want it: Put your best foot forward.

10:04am • #4
289,449 Points 2 Featured Posts Outside Blog

Jessica - I like that...stealing the pens. I have never heard it before but it does illustrate very well!

10:14am • #5
111,882 Points 7 Featured Posts Localism Sponsor

Jessica that is exactly what I tell clients. I am the queen of lowball but only on investments.

With my personal residence FP quick close. Didn't want anyone else to get it! :)

12:57pm • #6
226,243 Points 5 Featured Posts Localism Sponsor Outside Blog Hit Router

Jessica --- you are certainly creative --- excellent post --- your example is so realistic. Thanks for sharing.

Mama Liz's Signature

1:40pm • #7
Outside Blog

"...and I certainly won't like you."  I LOVE IT!!! So true!

 

10:02pm • #8
586,066 Points 34 Featured Posts Localism Sponsor Outside Blog Hit Router

I always knew you were a smart girl... I was going to re-blog it... and say if you were looking in Gwinnett to talk to me, but down by the track, talk to Jessica... 

;^ )

11:27pm • #9
AUG
09
186,243 Points 7 Featured Posts Localism Sponsor Outside Blog Hit Router

Jessica, great way to put it!  Thank you for the word picture!  Mind if I use it? 

2:03pm • #10
AUG
14
609,952 Points 244 Featured Posts Localism Sponsor Outside Blog

Jessica, I just had "the conversation" with a buyer today. An awesome foreclosure came on the market at $139,000. He wanted to ffer $135,000 cash. Sounds good right? Except for the fact that the property is worth $180,000 and willl probably sell in the $160s!! I told him to offer $155,000. He raised the offer to $140,000. Too little too late.

Buyers need to base their offer on value not list price.

5:37pm • #11
SEP
07
Outside Blog

Jessica - Stealing the pens is a great example of why buyers don't get it. Guess who is usually behind this pen grabbing plan, a realtor. Realtors who are not experienced in foreclosures and short sales rarely help the client.

8:46am • #12
SEP
11
581,992 Points 18 Featured Posts Outside Blog

Jessica,

Years back when my wife and I were buying, we had two houses fall through, losing appraisal fees and all that. It is very frustrating if you are young and without lots of excess cash.

10:27am • #13
SEP
12
4 Featured Posts

little chickee from the KunTreeee rocks yet another story!!!

I don't come around much these days, but you continue to make real estate somewhat real with all of you examples.

Hope you are well!

4:54pm • #14
SEP
20
1 Featured Post

Great example Jessica.  Love how you are able to put it in words and make the buyers understand.

12:57pm • #15
OCT
21
224,744 Points 26 Featured Posts Localism Sponsor Outside Blog

Jessica - This is brilliant.  Too often buyers get caught up with getting a bargain on top of a bargain that they forget to recognize the face value.

6:21pm • #16
OCT
28
Outside Blog Hit Router

Jessica, I have had quiet a few bank robbers in the last 6 months, I will be showing them your story the next time I see them. Thanks!!

9:48pm • #17

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Jessica Wynn Horton

Hampton, GA

More about me…

Jessica Horton & Assoc.

Address: 882 School Road Suite B, P.O. Box 1502, Hampton, GA, 30228

Office Phone: (678) 871-9660

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