You should send her a response back..." I am sorry, there must have been a typo, did you mean you reduced it to $149,900?"

Some companies have automated e-mail that go out when the price is reduced. All the agents that showed the property get the updated e-mail. If this is the case, they need to adjust the settings....

I am just giving this agent the benefit of the doubt!!!

Regards,

Hassan

I'm hoping his fingers are broker or something. I know you weren't supposed to do back flips over $100.

Same thing in MD and No.Va.  Builders lowering regularly. 

I had a gentleman want me to list his investment property in my neighborhood.  He's been reading my blogs and thinks he wants me to be his agent.  The builder in the community is offering the same model for $100,000 less.

They were offering higher commissions, but backed off that when they got complaints from existing owners.  Now they are offering $40-$75K incentive to the buyer.  Still a very good deal. 

These homes are easy to sell.  All you need is a buyer.

Lenn

$100.....obviously a non motivated seller or a huge typo.

Eileen,

 I got one of those wonderful Florida emails this morning offering 12% commission with some restrictions on a condo project in South Florida.

Eileen - I love it! However, I would go along with Hassan as it really looks like a "formated" e-mail that is automatically generated as opposed to the agent connecting with you. But, that is also why I don't like "auto" e-mails.

What I don't get is the whole idea that $100 is going to make a difference. I have yet to have a client say, "I am not going to buy that house until they get the price down another $100." Nor have I failed to show one because it was priced $100 higher.

Oh well, such is life in our new buyer's market.

I've been seeing this also and I just have to laugh. The only thing I can think is that it may just may find a buyer that has a search set up for 0 to $249,999.

But if they think that an agent is going to go "OH WOW - Now it is worth that and it should appraise is crazy"

Daniel,

Funny, but I don't think she will think so.

Hassan,

Yes, I'm sure that it's an automated system...so much the pity. Just a waste of time and another deleted email. (Except for putting it up here as an example of what NOT to do.) 

LaShon,

I'm not even doing back flips over a $1000 reduction. Reduce the price 3 to 5% and maybe I'll be more interested.

Lenn,

Just got an email from a builder's agent. They're wanting to sell our their models...so, commission is 4.5%.

Yes! I kinda like that.

Larry,

You're so right...I'd have cancelled the listing a long time ago. Why waste valuable time and money. And, the area has tons of competing listings.

Fred,

Just wish that there was a way to stop those Florida swampland deals. However, maybe I'll go to 'blogger boy' Bryant and buy something there which has fallen in value by a mere $50,000.

Ah Toby and Todd,

Yes. A measely $100? Not worth the time to send out the email. And, what agent in their right mind searches up to $249,900? I believe with the high use of internet searches that we're doing searches for wider ranges:$225,000 to $260,000.

Now, I've been thru buyer's markets, seller's markets...and no markets. Everything is cyclical. Remember that. 

And yesterday, I received another email from the same agent.

They have now reduced the property to $249,500.

If they continue like this for several years they'll probably find the correct price.

The price keeps going lower.

Today, 8/1/07, I got another email (I think that I've now received six) and the price is now $247,900.

Wouldn't it get be better to reduce the property by $5000 thousand? And, to have done it back in April?

The price keeps going lower.

Today, 8/1/07, I got another email (I think that I've now received six) and the price is now $247,900.

Wouldn't it get be better to reduce the property by $5000 thousand? And, to have done it back in April?