It seems that I've run into an aspect of our current trending market that alarms me. It is the Predatory Buyer that comes into a new market from a different part of the state or country and uses the agent to see properties while making strange hypothesis and analysis of the local market based on goodness only know what. I am sure it comes from some types of research. It is always important to remind clients that local markets do differ.

I recently spent a day working with an out of town Buyer who upon first meeting showed me listings (which I had sent) and his analysis of what the market value would be. I immediately noticed that his projections were off base.

I followed through on our agenda for the day and showed in 5 properties in opposite corners of Shasta County and Tehama County. He settled on one property that he was interested in.

Since this past weekend, I've had numerous emails about the square footage being wrong (which I worked through with the listing agent to establish the validity of the square footage). The Buyer has since contacted me with such a convoluted email that I had to email back and plead (please explain what you mean and what you want me to do).

He is now claiming that the property is not the 4.6 acres recorded with County but shy by 1.5 acres. The formula for this conclusion is so complex...that I had to just email back with "What?".

This is the second Buyer that I've recently worked with that had this NEGATIVE ATTITUDE of finding fault in order to "low ball" the property. This particular property is sooooo sweet with every detail an art form that I found it offensive for him to take this attitude. The sellers have such a level of detail and meticulous care for the property that I would doubt they would choose to defraud anyone..

This is a guy who looks for any angle to destroy the value of the property and the real improvement that people have made in a property so that he might take advantage.

I take great care and work hard to know the values in my area. This property is priced correctly for the market conditions in our area. There will be some room in the price....however the market value is derived at correctly.

This person is not availing themselves of my level of knowledge and expertise on our local market. I'm not interested in this person's game plan. I will not entertain this type of strategy! The lesson on this experience is that we will continue to see a wider market for our local markets and it will become increasing important to qualify your Buyer. Not only on their ability to perform but on their assumptions about your local market. If you are unable to feel that you have successfully communicated your local trending market and the return input does not jive.....take notice. You may be wasting your time

Jeanean Gendron

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I am Jeanean Gendron, your Redding and Shasta County Specialist. You can reach me at 530 276-7417. I answer my phone.

Here are the city of Redding and Shasta County demographics and links to the many things available to the people who live The Shasta Lifestyle here in Redding and Shasta County. Enjoy!

Shasta County, Land area is 3,785.2 square miles, Density 47.4 people per square mile, versus California Density at 217.2 people per square mile. Population (2006 estimate): 179,951. House Hold Income: Median $37,696, Persons below poverty is 13.4% and Home ownership rate is 66.1%. Education: High School graduates: 83.3% of adults 25 and up. Bachelor's degree is 16.6% of adults 25+

Redding, population is 90,033 (in 2000), incorporated in 1887. Average temperature in January is 55 and average July temperature is 98. Information Links for Recreation and County and City Resources:

Shasta County: A Guide to Shasta County ~ Shasta County Parks, Trails and Open Space Plan Shasta County Guide to Recreation ~ California State Parks - Shasta Cascade ~ City of Redding Information Center ~ Turtle Bay Museum ~ Redding Convention Center ~ Cascade Theatre Schreder Planetarium ~ Turtle Bay Exploration Park ~ Shasta State Historica Park ~ Sacramento River Trail/Caldwell Park ~ Sacramento River Trail Map Redding Community Services ~ Shasta County Library ~ Shasta Historical Society

Visit my main real estate website that provides you with the ability to Search the MLS and to set up an account so that you can save searches and select favorite properties. I also have many saved searches for you to take advantage of. There are saved City Searches and Community Searches. We also save Foreclosure Listings and Short Sale Listings.

Visit and learn more about The Shasta Lifestyle and the experience of living here in Shasta County.

Here are my blog sites:

Northern California Properties

New Homes Shasta County

Redding Elegant Homes

The Redding Golf Lifestyle

Owning Your First Home

Short Sale Help for Sellers

Froggy Country

Jeanean Gendron ~ I love Redding and Shasta County, California

530 276-7417

 
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6 Comments on The Predatory Buyer ~ I Don't Represent This Seller ~ But Neither Will I Represent This Buyer....Not Even... No Way and No How!

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10
362,058 Points 23 Featured Posts Localism Sponsor Outside Blog

oh brother - why do they even bother using a realtor - why not just go AT IT alone?

7:58pm • #1
2 Featured Posts Localism Sponsor Outside Blog Hit Router

I have run into similar although not quite that bad.  Usually products of the latest get rich quick Real Estate Seminar.  when they start telling me about the market I tell them to find a new agent just out of school.

8:04pm • #2
393,010 Points 1 Featured Post Localism Sponsor Outside Blog

I have the answer! If you agree with him then your opinion would be worth something.

8:13pm • #3
393,010 Points 1 Featured Post Localism Sponsor Outside Blog

I have the answer! If you agree with him then your opinion would be worth something.

8:13pm • #4
Localism Sponsor

Likely someone else may take this buyer on as a client, and buyer's reps do have a duty to represent their client's interests. I try to accept my client's decision to modify my suggestions. However, if my recommendations are seldom accepted or acted upon, I can always fire myself and let them get another agent.

I think your actions are very principled. Congratulations.

8:15pm • #5
Outside Blog

Jeanean. Sounds like someone who believes they are a REALTOR wanna be and feels it necessary to show off his superior intellect. Either that, or he feels he can re-negotiate based on his perception of being cheated out of acreage. I think in a situation like that, perhaps the survey or plot plan might have quelled this buyer's cold feet. In the final analysis, perhaps he is someone you could let go or ask him if he'd like you to refer him to someone else. Sometimes makes you wonder why you had to go to school to earn your license. And as I recall, there was a large measure of the class that dealt with math as it relates to square footage and acreage. 

8:16pm • #6

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Jeanean Gendron ~ Redding & Shasta County Specialist

Redding, CA

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Coldwell Banker C & C

Address: DRE#01299346, Redding, CA, 96003

Office Phone: (530) 276-7417

Cell Phone: (530) 276-7417

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