-
Quick Tour
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.- Explore the world's largest storehouse of real estate knowledge
- Access free training on ActiveRain University
- Share the experience of life in the real estate industry
- Grow your business through real estate blogging
- Blogs
-
Resources
Product Reviews Curious as to what others in your profession think about a certain product or tool? AR's community takes the time to leave honest and transparent reviews of their experiences so you can be a bit wiser about your purchase.
- Broken down by categories and subcategories for easy finds
- Get an unfiltered look at what real users are saying
- Leave a review yourself for others to benefit from
- Add new products as you use them and gain points for doing so
|
Posted by 
;)
;)
;)
Find NJ real estate agents and Maywood real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2013 ActiveRain Corp. All Rights Reserved
134 Comments on Mr Seller ! .... I dont think you get it :o)
Dear Sheldon,
Sellers often have selective amnesia, when it comes to what was discussed or what their feelings were at the time. As Jose (#21) mentioned, you never know, what they will do, until you have an offer in writing. With prices and even other negotiation items, I am always surprised what people will or will not accept.
Lizette ! Its so tough dealing with those types, because many times buyers WONT put the offer in if they are way over priced !
Leah ! Good point about EVENTUALLY sellers may look back at earlier offers. Cheers Leah !
CTS ! Yes indeed !!! lol
Jose - More good points. But there are times when the relationships between the Realtors has helped with negotiations, but in most cases, written offers will help get the ball rolling.
Cindy ! Amen to that, and many sellers out there are now landlords - many from their own mistakes !
Virginia ! Good policy !
Eugene ! I think you're right !
George ! You bet, thats why i wanted to post it - theres always room for us to learn !
Roger ! Very !
Maria ! I have seen some very surprising responses from sellers too !
Elite ! Agreed !
Jane ! Absolutely ! Very different. No harm in trying the high-end of the range - if that range is based on market comps, but waaay above that range is a waste of time imo - I turn those down :o)
Sally ! - Silly strategy right !?!?!?! :o)
Deborah ! - Amen ! Lots of time wasted on a silly tactic !
Richard ! - Some people have to learnt he hard way !
Jim ! - Very good policy ! And yes, a 20% wiggle spread is irrational indeed !
Hannah ! Ha ! Great analogy :o)
#35 ! - I recommended it - they didnt want to :o) Oh well, maybe fate told them not to !
Ty ! Thats how I approach the sellers in these cases too.
Jackie ! And thats common sense to show those comps right ! Thanks Jackie !
Andrea ! Isnt is bananas !!?!?!?! 25% !!!
William ! I pass on unrealistic sellers !
Loreena ! Days on the market often pursuades a stubborn seller ! And I think the agent was so frustrated he wanted to vent !!!
Bill ! You're right, the agent defintiely did not to a compelling job showing what the correct price should have been !
Tim ! - Like Nike - Just Do It !
Dorie ! Crazy scenarios these days though huh !!!
Michael ! Thats the problem I see too !
Claudette ! Theres SO much of this crazy advice out there right now, and consumers dont know what to believe ! - they should revert to their trusty local Realtor for the most accurate info !
Petra ! If I take a listing that is in the high end of the Market Value Range - I ALWAYS put a clause as you stated to agree to reduce after two weeks if no offers come in.
Irene ! Ha ! I always RECOMMEND that the buyer agent send in the offer ! Whatever it is :o)
Bernadine ! Yes indeed !
Harry ! I cant sign the buyers name !!! I recommended they submit the offer and they didnt want to :o)
Jeanne ! Very well said !
KC ! - Good practice for the short window offer !
Judy ! I like your response to those questions !
Richie ! yep me too !
Craig ! Tough lesson to learn though right !
Luna ! Amen !
Rodney ! The media often makes our job that much tougher, and with all the shows and pundits for our industry, it's tough for many consumers to know whats real from exaggeration !
Donna ! I tried - the buyers didnt want to because they genuinely thought it was wasting their time and they were keen to find a new home ! Oh well :o)
Maria ! I like your comment ! Building that trust from the start will certainly help !
Cheryl ! Thanks and we often learn stuff or at least get reminders !
SallY ! Non-Assumption 101 !
Nino Chocolate ! yes yes and yes !!
Erica ! Thats exacty what happened here !
Michael ! Hindsight is amazing :o) Of course you are right though !
Karen ! Yep thats what SHOULD have happened ! But he said that he got the feeling the seller was so stubborn and would never have gone that low - turns out he should have been more sure about that !
JP ! ... that would be too easy !
Josef ! Thats what the experts are for right !
Karen ! Yep - good point. We did get a better home for them though :o)
Barb ! I think they were both crazy !
Christine ! Very loudly - I agree !
Rita ! - Nicely put !
Scott ! I dont think he did ! In fact I would bet that he didnt, based on not wanting to piss him off ! Mistake !
Eric ! There's so much confusing stuff out there !
Mary Jo ! Well thats why these things can occur ! A Seller agent will sometimes shoot themselves in the foot !
Jeff ! I think he fell short too !
Curt ! Yup - I like when we all share our stories and learn right !
ECoop ! Thanks for your kind support - and have a great week too !
Tammy ! Thats what I wanted to tell him ! lol ! I ALWAYS tell my sellers the inquiries and feedback, and I ALWAYS ALWAYS tell buyers agents to put the offer in ! whatever it is !
Tammie W ! Amazing that the agent and seller werent on the same planet let alone the same page !
Bob ! - I dont even know if he bothered with comps ! He seemed to be saying it was pointless because the seller was so stubborn ! - If that was indeed the case, I would have walked !
$100K negotiation room on a $600K sale----WOW!
I am tired of the overpriced listings, and I'm just not going to take them anymore. Had pne seller that promised me price reductions but wanted to 'try his price first'. Got one offer in the 6 month listing (at the price I had originally told him to price it), offer was refused, and no price drops in 6 months. Listing is expired, now listed FSBO- probably at a reduced price. Not gonna waste my time anymore, unless I have price reductions in writing at the time the agreement is signed. I know my comps!
That sounds like a chain of mistakes that could all have been avoided simply by communicating better.
I understand not pricing too high, but Mr. Listing Agent, NEVER speak for your sellers as far as what YOU think they will take or won't take. I have seen time and time again, sellers saying there is no way they'll take less than $ XXX and sure enough when on the market for awhile and presented with a ready, willing, and able buyer, they'll surprise you and take it! I always tell buyers agents to please go look at the (overpriced) listing and make an offer and we'll see if we can come to an agreement between buyer and seller. It is, after all, a transaction between the buyer and seller.
Communication! Key to success on all sides!
Sheldon: Yikes, sounds like this listing agent may want to work on his communication skills. Carrie
WOW! That list price was really out of whack. Price a home fairly and be clear in all its features, and you are sure to get offers close to what you ask. I don't believe in the $100,000 drop rule. Makes no sense to me.
That seller was clueless and his agent wasn't much better.
Lessons learned, don't list overpriced homes, always get an offer in writing, never disclose what you think the seller will accept and always know what your bottom line is to negotiate a close. When you fail to plan, you plan to fail.
Lisa ! - I'm not sure if he even informed the seller of my offer ! Sad huh !
Jennifer ! Aint this job great ! lol
#86 - Well said !
Pamela ! Crazy right ! I hadnt heard this type of rationale to that extreme before, but its amazing how some members of the public can interpret what they hear !
Kimberly - you have a point !
Jen ! Thats my motto !
Woody ! And sellers motivations can change weekly in some cases !
April ! Hopefully he will learn from his mistake !
Praful ! - I send comps too, but these buyers did not believe they had a shot, so declined.
Steph ! Amen ! Thats probably the biggest reason NOT to overprice !
Sand Castle ! - Sound advice.
Val ! I wonder if this guy would even have submitted it though !! lol
D & D - It's a continuing problem !
Lucille ! Me too me too !
Dennis & Terri ! LOL ! Yes, bite the bullet and sell, or stress as a landlord in most cases ! Not me !
Gene ! Very good point, and subsequently all offers should go in and see what the heck happens !
Mary ! Im with ya ! And I always tell buyers agents to submit, whatever the price - its a starting point !
Fred - YES !
Marte ! Its such a shame when they trust the media more than us !
Catherine ! We live and learn right !
Margaret ! I walk away often from sellers who are unrealistic about pricing !
Simon ! yes indeed !
Margaret N - Another great example of why sellers shouldnt miss opportunities ! Thanks Margaret !
Jaishree ! - Its a sensitive issue these days, and agents and clients should really find a way to get on the same page !
DeeDee ! Agreed !
Carol ! Especially not in this market ! it wastes your time and theirs !
Coleen ! I feel your pain !
Peter ! Hope sellers are more realistic 'down under' !!!
Carolyne !Oh boy ! Regret can loom over you for years ! Thats a a sad story !
Dorte ! Im often surprised too, so put it in ink in front of them :o)
Michael ! Crazy right !
Trish ! Good for you ! And good luck !
Jenny ! I think you are right !
David & Lisa ! Well said !
Susie ! Yes it is !
Carrie ! lol ! you think ! ha !
Michael ! That strategy beats me too !
Tigard ! A good match perhaps !!!
Kimo ! Nice summary !!!
Oh the dreaded Over-priced listing. One day I will learn to never-ever take a listing that is a cent over-priced. IN the meantime; I keep trying to get sellers to understand it cant be much over-priced or they will never get an offer!
It really is sad what's happening to so many sellers. Not just the media but agents not doing what they should to ensure sellers are properly informed and realistic. It hurts everyone - all around the table.
Emcee