Special offer

"I'll go ahead and write up that low-ball offer, but don't get mad at me when the Seller doesn't respond"

By
Real Estate Agent with BlueCoast Realty Corporation

"I'll go ahead and write up that low-ball offer, but don't get mad at me when the Seller doesn't respond"

I appreciate, Mr. Buyer, that you feel you can buy that home for much less than the comps indicate it's worth.  Picture of surprised faceYou've read the articles, watched the news, you know it's a Buyer's Market.  And that means Buyer's can offer whatever they want and will most likely get it.  Right?

I've been doing this a lot longer than most of those article writers and media talking heads, but what do I know.  I'm just a real estate agent.

I know that I've given you my best advice, and all the paperwork to back it up.  We've seen many of the comparable homes in the neighborhood and this is the one that shows best, already has had a pre-listing home inspection and is priced very competitively.  But what do I know.  I'm just a real estate agent. 

I know that if you really love this home and you want to make it yours, you're going about it the wrong way.  This is not a distress sale.  This is not a home that needs thousands of dollars of work.  This is not a home that's been sitting on the market for umpteen months.

I'm not suggesting there isn't room to negotiate.  I'm suggesting that your incredibly low-ball offer is most likely going to feel like a slap in the face to the Sellers.  And once you've rung that bell, you can't really un-ring it.  And if they feel insulted, they may very well choose to ignore your offer.  Not even respond.  I've seen it happen.   And I don't want to see it happen to you. 

But what do I know.  I'm just a real estate agent.

Posted by

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When you're ready to buy or sell a home in Wilmington, Wrightsville Beach, Carolina Beach or Kure Beach NC, give me a call.  Lets work together to achieve your goals!

Tish Lloyd, REALTOR®

Broker

NC Real Estate Lic. 269076

Realty World Cape Fear

1119-A Military Cutoff Road

Wilmington NC 28405

910.547.1446


 
  

 
 
 
 
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Elizabeth Cooper-Golden
Huntsville Alabama Real Estate, (@ Homes Realty Group) - Huntsville, AL
Huntsville AL MLS

Tish, Are you talking to MY buyers?  Ha ha ha.  Funny how no one cares to listen to us, the professionals.  They would rather listen to the media garbage that doesn't even connect with many areas.  

Great post and OH so perfectly worded :)

Feb 22, 2011 02:36 PM
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Oh, the headaches.  I know. I know.  You know more than all of us put together, Mr. or Ms. Buyer.  Go ahead.  I'll write, and then I'll present, and then I'll bolt after you are rejected.  Thank you very much for wasting all our time.

Feb 22, 2011 02:38 PM
Jeanne Kozak
RE/MAX In Action - Martinsburg, WV
REALTOR and Broker/Owner in WV and VA

So true, once you have insulted someones most prized possession, their home, they never get over it and sometimes we are in the middle all the way to the end

Feb 22, 2011 03:38 PM
William James Walton Sr.
WEICHERT, REALTORS® - Briotti Group - Waterbury, CT
Greater Waterbury Real Estate

Tish,

Yes, indeed....even when that seller is the bank. Gotta come in with an attractive offer, otherwise the buyer is wasting your time and their own.

Feb 22, 2011 03:53 PM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Marge  ~  Appreciate your input, thanks.

Torgie ~  That's why I think it's so important to personalize to the parties, not the house.

Chris ~  Yep, sorta SOP.

Malik ~  In spite of giving our best advice.

Tammie ~  Does make you wonder sometimes.

Ellie ~  Imagine that!

Joe ~  I couldn't agree more -- suppose some people just won't be educated.

Tricia ~  Absolutely -- hopefully the agent remembers that as well.

Mike ~  Thank you, sir.

Feb 22, 2011 04:20 PM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Phil & Celeste ~  That's about all they're worth -- LOL.

Jan ~  Such is . . .

Erica ~  When I'm asked to write and present an offer, that's what I do as well.

Rodney ~  It certainly does.

Steve ~  The trials and tribulations of real estate --

Elizabeth ~  Such kind words -- thank you.

Suzanne ~  It's about that shiny new armour I've ordered . . .

Jeanne ~  Isn't that the truth.

William ~  Have seen it go backwards just one time too many, and that serves no one in the transaction.

 

 

Feb 22, 2011 04:28 PM
Tni LeBlanc, Realtor®, J.D.
Mint Properties, Lic. #01871795 - Santa Maria, CA
Tenacious Tni (805) 878-9879

Nothing is wrong with low balling but if you can't take the heat stay out of the kitchen.  I don't want to hear about how perfect that house was time and time again when you lost it behind a low ball.

Feb 22, 2011 05:05 PM
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Tish, very well-said and funny!  How true, just wrote a lowball offer today.  I had to ask my client about 3 times, "really?  You want to offer xxx?"  Then I said, "will you be disappointed when you don't get the house?" I told her list price was market value.  I'm too embarassed to send the offer over since I know the listing agent.  Argh!!

Feb 22, 2011 05:24 PM
Julie Baldino
Front Door Realty - Vancouver, WA
Opening Doors to New Chapters...

I get these all the time on REO's.... even when there are multiple offers. Unfortunately for the buyer, one of my clients actually counters higher and asks for more earnest money on ridiculous low balls. I giggle to myself every time I see one come through for 60% of list price... because I know they are getting a full price counter and 4 times the earnest money! What a waste of everyones time. Good post!

Feb 22, 2011 05:59 PM
Irene Kennedy Realtor® in Northwestern NJ
Weichert - Lopatcong, NJ

Tish,

I'm finding fewer sellers who get steamed by low offers, perhaps because their agents have prepared them for such.  But it still happens and buyers can miss out on the home they want!

Feb 22, 2011 10:55 PM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Tni ~  Good point.

Pamela ~  I know the feeling.

Julie ~  Sometimes you just have to smile.

Irene ~  Now that you mention it -- I do believe you're right.

Feb 23, 2011 12:42 AM
Anonymous
Linda Burnett

Succint and honest -- thank you!

Feb 23, 2011 06:54 AM
#55
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Linda ~  Appreciate your kind words -- Thank YOU!

Feb 23, 2011 07:17 AM
Ken Barker Realtor® GRI, E-Pro Certified
Dilbeck Real Estate - Burbank, CA

Tish - Nailed it. I had this recently with a client that I have not written an offer for yet. But I feel it because of the media hype.
I can tell them till I am blue in the face my expert opinion of the sales in the area and my thoughts and coaching.
"but we have to try" "all they can say is NO". Yes, they can say NO but they can also say GO AWAY.

Feb 27, 2011 08:16 AM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Ken ~  Thanks!  And, boy, oh, boy, do I feel for you!  Sending you a big dose of luck in getting through to them.

Feb 27, 2011 08:30 AM
Debbie Walsh
SHAHAR Management - Middletown, NY
Hudson Valley NY Real Estate 845.283-3036

Congrats on the feature and well said!  I had an offer come in this weekend and I am trying to bring the two parties closer together.

Feb 27, 2011 11:03 AM
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

Love this quote that you put in your post!   "And once you've rung that bell, you can't really un-ring it"!   So fitting!

Feb 28, 2011 03:30 PM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Debra ~  Thanks and hoping you reach a meeting of the minds!

Jane ~  Happens too many times; doesn't it!

Mar 01, 2011 03:27 AM
Orlando Masis
Appraisal IQ (Real Estate Appraisal) in Austin Texas - Austin, TX
Austin Appraiser, for Real Estate

Don't you wish there was an easy way to explain to everyone that successful negotiations rarely start with aggressive, insulting or ridiculous first moves?

Mar 02, 2011 03:22 PM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Orlando ~  Abslutely -- you hit the nail on the head!

Mar 02, 2011 10:54 PM