Are Today's Buyers.... Sharks
?
Unlike the impression created by some ......
We Don't Think So!!!
A few recent blogs would give Buyers, Realtors and Sellers the impression that buyers are just greedy and acting wrongly when they make low offers.
My Questions are :
- Does the Seller not have the right to say "NO" to any offer?
- In what way is it wrong for buyers to want the get the very best possible deal ?
- Would you as the Agent for your buyer client suggest that your Client offers and or pay more for their new home than what they need or want too?
- How many "Better" offers have the sellers received?
- What or Who made us the Judge and decision maker for the Seller or the Buyer?
- How do we the Realtors know what the bottom line for the Seller is unless we try?
- In what way are the buyers today in any way different to sellers in a sellers market (just a few years ago)?
- Are Price Reductions any indication that the Property has Reached Market Value?
Some of the comments about how supposedly "greedy and inappropriate" some buyers are acting, in some blogs did raise more than a few hairs (mostly the gray ones) on the back of my neck regarding how they appear to be acting for their clients.
In one post the impression was created that some of these buyers should not be so greedy and that some are using their agent as a "mercenary snipers"
I guess our biggest issues are that if and when an Realtor or agency decided to enter into an agency relationship with a buyer, that:...........
- The Buyers are now the Realtors Client, (and of the Agency) meaning that you are to follow their "legal" instructions, and act in their (the buyers) very best interest, regardless if you like it or not......
- The Realtor and Agency we owe a Fiduciary duty to them, which includes confidentiality, respect, honesty, professionalism, provide the services as agreed to, etc.
- If the Realtor and or the Agency did or does not want to represent the client then sever the relationship, and move on and do not disclose any that may be part of the agency confidentiality, and write it off as a good lesson learned.
Many Real Estate Cycles ago: (way back in a previous century.......)
We where asked by a buyer to write an offer for $ 325,000 on a building with an Asking Price of $ 650,000.............although I was shaking in my boots and gave the offer very little hope, it was accepted as written.
What if I had acted as suggested by the bloggers that feel their buyer clients are acting "greedy or are kicking those that are down already".........
This Information was provided to you compliments of Victoria BC Realtors, "Peter and Linda Pfann", Certified Professional Consultant on Aging (CPCA)®. CPCAs are committed to providing exceptional service, and have supplemented their professional training by learning about the unique and changing needs of the 50+ population.
Make sure that the professionals serving you have taken the time and made the commitment to learn more about YOU! To find CPCAs in good standing in your area, go to www.CPCAcanada.com. or www.pfanntastic.com and www.victoriasm.com. To Find additional Victoria, BC, Canada, Senior Focused Resources, please visit "The Elder Friendly Community Network"
To Find out how we serve Greater Victoria Boomers and Seniors and their families with their real estate plans and needs in and around Greater Victoria BC, please call Peter and Linda Pfann in Victoria BC, Canada at (250)-213-9490 or info@pfanntastic.com.
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