If You’re Going To Rob Me, Put In The Effort !

I have a Columbus Ohio auction listing right now that has an opening bid of $10,500.  Over the past 2 days I have received over 15 calls asking "what is the lowest offer you will take" or "if I offer the minimum, where can I expect the counter to be at?"

Huh?

This is an auction listing.  There is no list price and we reserve the right not to counter anything.  I can't tell you what to offer.  Figure out market value and make one based on your clients buying criteria. 

If you want to make an offer, make one.  If not, show up at the auction.

What is killing me are all of the agents that are pissed because we won't accept a pre-auction offer at the minimum bid WHEN WE HAVE 15 PEOPLE OFFERING THE MINIMUM.

If I have 15 people offering the same amount before the auction, there will be one of them that will offer a little more at the auction.  Trust me.  Play the Vegas odds on this.

Please people....If you want me to cancel the auction and take your offer, please offer something that makes me say OHHHHH.

Please ??!!??!!??!!

If you elect not to follow these very simple instructions, then the answer to your question is......

YES, YOU ARE WASTING YOUR TIME......MINE TOO.....

 
Posted by Rich Kruse on 07/19/2007 07:57 PM   Comments (11)   , ,  
Post is included in group: You've GOT to be kidding
Post is included in group: REO
Post is included in group: Real Estate Auctioneers

11 Comments on If You’re Going To Rob Me, Put In The Effort !

Wow Rich... what can you get for $10,500?  We can barely get a used car for that amount here in Pasadena, CA.

07/19/2007 08:06 PM by Pasadena CA Real Estate - Irina Netchaev (Keller Williams International Realty)

Rich - I love the pictures you choose - always just... perfect for the post!  PS, In my market you can get a whole house for $5k or even less.  No kidding!! 

07/19/2007 09:00 PM by Melissa Schnieders (RE/MAX Pinnacle)

I'd be ready to strangle them. I just got irritated FOR you!

Lisa Hill

07/19/2007 10:32 PM by Lisa Hill (Daytona Beach REALTOR®) (Adams Cameron and Company)

You would think they could have figured that out on their own.  Let us know how it ends.

Fran

07/19/2007 11:13 PM by Fran Gatti - Crescent City CA Real Estate (RE/MAX Coastal Redwoods)

I was irritated for you too. DUH! In the age of eBay, how can people not know how it works?

07/19/2007 11:41 PM by Debi Braulik (Tacoma Real Estate) (John L. Scott Real Estate)

so, would $11,000 be accepted? LOL just teasing

07/20/2007 12:31 AM by Central Oregon Real Estate | Thesa Chambers, Broker (RE/MAX Sunset Realty La Pine)

While there's no fix for stupid, the cure for dealing with it's usually found in a bottle of Jack.  Happy Firday! 

07/20/2007 10:13 AM by Katie Cosner (Cutler Real Estate)

Jack gives me a headache.  I prefer Patron tequila with a Heineken chaser

07/20/2007 11:19 AM by Rich Kruse (Gryphon USA, Ltd.)

What if I offer $1 over the minimum? How many people are offering that?! I'll take it.

07/20/2007 07:34 PM by John Evarts (Classic Property Management of Santa Clarita)

Sorry rich, didn't see thesa's comment. I really am just one of the dumb realtors.

07/20/2007 07:35 PM by John Evarts (Classic Property Management of Santa Clarita)

Rich,

I constantly provide information for people who are looking to buy a "foreclosure" property and the #1 question is: Is that the price?  referring to a house worth 300K in default for 100K,  of course I say no and then proceed to explain how that works.  Sometimes it gets old when people ask the same questions specially because it makes no sense, only the lot where the house is would be worth at least 80K and the house is almost brand new.  But I guess all this comes with the territory.  By the way that is a very creative picture =)

07/23/2007 01:02 AM by Carmen Rivero Celebration & Kissimmee Real Estate (La Rosa Realty, LLC)

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Real Estate Agent: Rich Kruse (Gryphon USA, Ltd.)
Rich Kruse
Columbus, OH
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Gryphon USA, Ltd.

Office Phone: (614) 885-0020 Ext.: 17
Cell Phone: (614) 885-0020
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A lighthearted yet informative look at the real estate and asset sale professions. Gryphon services clients sale and management problems with creative and sometimes extremely aggressive solutions. Primarily a servicer for sellers, Gryphon's professional do also assist investor/ developer buyers with acquisition transactions where the company sometiems participates as a principal.

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