An Active Rain blogger recently wrote a member's only post about "Crazy Offers" and how agents should handle them. (If you're an AR member, you can click here to see the post)
Brian Rugg's comment to this post seemed to really cut to the chase, though (it's comment #30, btw). In it, he said, "There really is no such thing as a crazy offer, just an offer."
WOW!
Did that hit home. Hey, I admit, I've seen some real doozies of offers. Truthfully, I've made a few on behalf of clients as well. "Crazy" isn't always the first term that came to mind when reviewing a few of these offers, either!
But, Brian's right. There is no such thing as a crazy offer. It's just an offer. As the listing agent, it's our job to submit the offer to the seller and explain the pros and cons of accepting, rejecting or countering the offer. Once the seller decides on an action, we just help them format an answer/counter that will, hopefully, be agreeable to the buyer and acceptable to t
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production
I have a friend of mine who buys investment properties and low balls them all. He gets one out of every 10 offers. As he said, it's not personal, it's just an offer. It works for him. Crazy? Absolutely.... Crazy like a fox!
Nov 26, 2010 08:26 AM
Hickory, NC
That's just part of the business from a real estate investor's point of view. Still, they're just offers!
Nov 26, 2010 08:32 AM
NEPTUNE REALTY - Virginia Beach, VA
"RealtorDrick" - Experienced Representation
Excellent point, one man's crazy is another man's... As you pointed out, it's just an offer - a starting point to see if the conversation can get to a mutually agreeable place. Thanks for sharing.
Nov 26, 2010 08:32 AM
Hickory, NC
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional
Roger...
I agree. We are obligated to write all offers on behalf of a client, and to present all offers on behalf of the client. It's that simple.
Nov 26, 2010 09:40 AM
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker
Remove the Emotion, and make a rational decision to accept or reject the Offer. If you reject it, consider a Counter.
Why do we make it more complicated than this?
Nice post, Roger.
Nov 26, 2010 03:05 PM
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate
Roger,
l see very poorly executed offers, which bothers me a lot more than low price or wierd terms do. I wouyld rather have an offer to talk about than nothing to talk about.
Nov 26, 2010 03:14 PM
Hickory, NC
Definitely from an agent standpoint, remove the emotion, Fred.
I agree, Mike
Nov 27, 2010 02:02 AM
Transitions Realty - Los Angeles, CA
The original blogger makes a good point on a serious issue. I think he ultimately agrees with you that it should be handled professionally, but his point about a troublesome trend in short sales is larger than his "crazy" catch line.
Dec 19, 2010 01:00 PM
Comments(10)