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Just Send Me An Offer --- Is That Really The Message You Want to Give My Buyers?

By
Industry Observer CalDRE #01165532

Just Send Me An Offer --- Is That Really The Message You Want to Give My Buyers?

I was previewing and reviewing properties yesterday to show clients over the next week.  One of the agents left a voicemail message in response to a question. 

"Just Send Me An Offer, Any Offer"

and in case I didn't understand her message, she repeated

"Just Send Me Annnnnny Offer"

First, this is an agent I do not have a personal or business relationship.  The property is a condominium which had been flipped and had been on the market a bit more than the average days on the market in the neighborhood.   It is in an attractive building and in a good location within the complex.  When I went back to look at the unit again, I saw her brochure(with an incorrect listing price) and a couple of stray business cards on the kitchen countertop.

Okay, so what will my clients think...."any offer" ... errr I mean "annnny offer"?   Does this property fit your needs?   Do you want to submit any offer?  Sure, we've heard the expression motivated seller but is this message your owners want you to be telling my buyer clients? 

As listing agents, our purpose is to present the property to its best advantage.  We will be fair and honest and yes we will boasts of the granite counters, the refinished hardwood floors and great location.  When I represent a seller, do I want to tell a buyers' agent "submit any offer?"  I don't think so....

I am sure she meant to say submit a reasonable offer but she didn't.   As we know a purchase offer entails more than price as the terms of the transaction are as important and in some cases more important.  How about the ability to close the transaction?  Yes, pretty important I think everyone will agree.  Proof of funds?  Mortgage pre-approval letter from a reputable lender?     Okay, I think we understand the point.  If my clients want to own this property, they will submit an offer, not just annnnny offer but an offer that takes into account all of the information available to us including the motivation of the listing agent.

Just Send Me An Offer --- Is That Really The Message You Want To Give My Buyers?

Michael Jacobs has been a Realtor since 1994 and serves the greater San Gabriel Valley of Los Angeles including the communities of Pasadena, Altadena, South Pasadena, San Marino, Alhambra, San Gabriel, Arcadia, Monrovia, Bradbury and Duarte as well as the northeast foothill communities in the city of Los Angeles:  Monterey Hills, Highland Park, El Sereno, Montecito Heights, Eagle Rock, Mount Washington, Glassell Park, Sagamore Park, Hermon.  He can be reached via cell 818.516.4393 or michaeljacobs@coldwellbanker.com

Posted by

Michael Jacobs

 

CalBRE # 01165532

P. O. Box 587

Pasadena, CA 91102

Call/Text:  818.516.4393

mtj916@gmail.com

 

 

Jon Quist
REALTY EXECUTIVES ARIZONA TERRITORY - Tucson, AZ
Tucson's BUYERS ONLY Realtor since 1996

Very poor choice of words by the agent. AND let's hope the seller actually authorized that comment.

Feb 19, 2011 10:24 AM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

I TOTALLY AGREE WITH YOU.THAT AGENT IN MY OPINION IS NOT DOING THEIR JOB PROPERLY TO REPRESENT THEIR CLIENT!!!

Feb 19, 2011 10:28 AM
Dawn Crawley
Dawn Crawley Realty - Pinehurst, NC
Find Pinehurst Homes

I had an agent tell me her client would look at any offer. So we submitted an offer and she got very upset and said the buyer was insulting her seller. Well - didn't she say he would look at any offer?

Feb 19, 2011 10:31 AM
Maria Couto
RE/MAX Premier - Berkeley Heights, NJ
Realtor with "Results That "MOVE" You'

Actually Michael, I've been seeing that on listings more often in my area. I don't know if Sellers know that this is added to information for prospective buyers to see. Desperation on agents side? I don't know, but poor marketing for sure.

Feb 19, 2011 10:32 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Jon -- in our brokerage, if we state something to that effect(not sure why any would) we have to have written documentation from the seller on file.  You are correct, a very poor use of words on the listing agents part.

Bob -- you are correct, it's important that we represent our sellers' best interest --- getting the best offer possible.

Dawn -- that's a real head scratcher isn't it?  You just want to say --- HUH, didn't we have this conversation?

Maria -- there are some agent only remarks that make you wonder what would the seller say if they saw the comments in print. 

 

Feb 19, 2011 12:44 PM
Richard Strahm
American Foursquare Realty - Lansdale, PA
Lansdale and North Penn Real Estate

I see that often -- but i just don't get it.  Please price the place within 5% of the target CMA selling price -- and you will sell it!

Feb 19, 2011 01:58 PM
Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Michael: Your assuming that the client did not instruct the agent to tell prospects that and that is definitely something you cannot be sure of.

Feb 19, 2011 03:29 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Richard -- sounds as if you are trying to use logic here.   What a concept!

Matt -- yes, I am assuming that the seller did not tell their agent to have buyers bring any offer.  If a seller had said that to me I would have told them the far reaching ramifications such a comment could bring.  If such a discussion occurs wouldn't that be a great beginning to discuss our marketing/pricing strategy?

Feb 20, 2011 02:21 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

That is definitely not representing the best interests of the seller.  Desperation is never a good thing to convey.

Feb 20, 2011 05:06 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Chris Ann:  Negotiating from weakness is certainly not the best position as well as not representing your client.    You are absolutely correct.

Feb 20, 2011 12:30 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Can you say, "My sellers and I are DESPERATE?"  Just as Chris Ann says, what a poor way to begin negotiations; I want my sellers to be ON TOP, not starting from the 'poor me' lower position.

Great post!

Feb 21, 2011 03:36 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

You are so right, Debe desperation is being spoken quite loudly ---- "poor me" is definitely not the best way to start the negotiation process.

Feb 21, 2011 04:09 PM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

It could be desperation, but it could also simply be an agent who wants to get started with negotiating. After all, if there is no offer, there is no negotiating.

Feb 22, 2011 02:10 PM
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy and evening to you Michael

Michael,
I sure don't think that there is a very good message to give to home buyer folks. Plus if I was the seller I sure would not want the Agent working for me, sending a message out like that. If I was the buyer, I sure would feel that the listing Agent was not going to give my offer to the sellers and might just turn it down on their own.

Have a good one
Dale in New Hampshire

Feb 22, 2011 03:45 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Jim --- that is certainly something to consider but her wording of wanting annnnny offer certainly gives a message that is a bit more desperate than her clients would want conveyed.

Dale --- it's just not a good message if you are the seller.  If I am the buyer or representing a buyer -- I think it would be to my advantage to know this....I don't necessarily think it would hurt the buyers' chances.

Feb 22, 2011 04:15 PM