If the $57k was already under market and your seller agreed to the $40k I'll buy it.

- James 

With over 100 properties on the market, you take our terms, you get a good price.  Life is full of reasonable people.

I guess I do not understand why a low offer no matter how soft the market is should not be stronger - the market is soft not non-existent

I can't stand the lowballers who think everyone's desperate.  There is something to be said about moderation on both sides.  Your side already dropped the price.  Pay up or move on.

Goober, <---------- I love it!!!!  HA HA HA

Thesa & Maggie - We are running into a lot of people out here that are running around without any financing, any cash and not pre-approved.  They are trying to buy investment properties and agents are working with them.  There are other people that will try to tie up a property and either flip it before closing or try to rent it out before closing.  If they can't, well ooops, the property does not appraise. Sorry.  It needed to for the financing contingency that ran all the way up to closing day.  There is a lot of inventory so sellers have been wanting to take a bird in the hand and work with it.  My banks, at least, are getting very tired of that.

Are agents really that desperate to run clients around without a pre-app/POF?  Don't they know what a dis-service they're doing to their clients?  Not too mention, pissing off the sellers & listing agents.

Katie - It is the buyers that are rolling over the agents, mostly rookie agents.  You have an investor that will find a green agent, promise them multiple deals, run them all over town and have them place dozens of very buyer friendly offers that have limited chance of success.  This is, of course, until the new agent seasons up a bit and bails on the investor.  The investor finds a new greenhorn and the now not so new agent has a rep for having scum as clients.  There is no downside to the investor.

The little downside is that I have come to recognize the signatures from many of these POC investors.  Even if they make the offer under multiple names, I know who a lot of them are.  If I tell my cleints that the offer is from so and so, they sometimes won't even read it.

Next blog.

I too laughed outloud at the Goober comment. I hadn't heard that in a while. Good stuff!

I have a listing coming up that the investor was so aggressive and rude to the seller directly, that she has flat out said she will not sell to him. 

Rich, it's just hard for me to imagine someone working with people like this. Who are their brokers/trainers? Jeeesh.