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I'm a Realtor, Not a Dominatrix

By
Real Estate Agent with RE/MAX Alliance in St.Louis' Illinois suburbs 475.122155

I'm a Realtor, Not a Dominatrix.

As humorist Dave Barry might say, I am not making this story up.

One of my seller clients decided to feel some remorse about not taking an early offer on his home. 

When we listed the house, we provided a range in which we thought it could sell and told him that the more aggressively he positioned his home in that range, the longer it would take to sell and the more patience would be required. Despite his need to sell by a certain date, he took an aggressive stance and priced at the very top of the range.

About a week into the listing an offer came in. It was low, but workable.

We negotiated with the buyer's agent until the offer stopped at a price about 10 percent under the listing price. Net sheets showed that there would be nice proceeds for the seller.  I presented the pros and cons of taking the offer, but in the end he decided not to drop the asking price to the buyer's best and highest offer.

His reasoning, which I respected then and still respect, was, 1.) it was very early in the listing and there was plenty of time before he needed to move, 2.) spring weather (if spring ever came -- we had a rough winter) would increase showings, and 3.) he would like more robust proceeds from the higher sale price to take into his next home purchase.

So our talks stopped and both parties moved on. 

We received few showings after that point and the seller continued to refuse to adjust the listing price. At one of our frequent meetings, the seller said to me, "I am very disappointed in you." 

Me: "Why are you disappointed?"

Seller: "Because you didn't force me to take that offer."

Me: "Yes, you're right. I don't bully, force or coerce my clients into making major financial decisions that they determine are not in their best interest just for my own financial gain. That would be unethical, wouldn't it?"

If you're looking for a real estate professional, I'm your person. But if you're looking for domination, you'll have to call a professional of another sort -- if you get my drift.

(Apologies to Tango afficionados. You can't imagine how hard it is to find clip art to illustrate the word "dominatrix.")

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Comments(72)

Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Que Sera....sera.....what will be will be....good post and thank you Nancy

Apr 27, 2011 03:27 AM
Jim Courtney
OklaHomes Realty, Claremore Oklahoma - Claremore, OK
CRS, GRI, AHWD

Wonderful position for all agents. I am a "transaction broker" in Oklahoma, which means I present information and help the seller and buyer come to an agreement. I don't make sellers take offers, but I do help them gain the knowledge they need to make a decision. I think you are spot on! Btw, I can only imagine what you came up with for dominatrix graphics (blushing). :)

Apr 27, 2011 04:06 AM
Bill Burchard
3B Realty: 951-347-3818, CA - Murrieta, CA
Broker, Realtor, Representing Buyers and Sellers

Ah yes, Nancy... seller’s remorse... for not accepting the “bird in the hand” offer. Especially when that first offer came within the first week.

Apr 27, 2011 04:27 AM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Classic tale of realtor fall out.  No matter what, you can't force the issue.  So many times I've seen sellers want to hold out thinking the same things ... especially the "it's just listed, still new to the market"  I've seen it time and again when bird in hand was released and then ... nothing much.  On the other side, I've been told that I didn't "negotiate" better for the buyer (who loved the house and wanted me to convey to the listing agent "PLEASE counter")

Apr 27, 2011 04:42 AM
Brenda Mullen
RE/MAX Associates - San Antonio, TX
Your San Antonio TX Real Estate Agent!!

You're d--ned if you do and d--ned if ya don't.  All you can do is be the best advocate for your client and hope they grow up just a tad :).

Apr 27, 2011 04:47 AM
Michael (Mike) Robinson
Broadmoor Realty, Inc. - Long Beach, CA
CRS, CIPs, REALTOR

He would have complained if you had 'pushed' him into accepting the offer.. he's a complainer...

Apr 27, 2011 05:25 AM
Robert L. Brown
www.mrbrownsellsgr.com - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Mic

Really the seller was blaming himself but when you don't want to take responsibility it's easier to pass the buck.

Apr 27, 2011 05:40 AM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

LOVE IT - Nancy.  Some how, we're always at fault.  But, you did everything for your client to make the decision - in black and white.  Here's to getting it sold!!!

Apr 27, 2011 06:00 AM
Ellie Shorb
Compass Real Estate - Chevy Chase, MD
Realtor DC, MD & VA Luxury Home Expert

Wow! I know... there is no way to be able to tell a seller what offer (better or worse) might be coming in a week or two when rejecting the one on the table. I love JP's comment about his crystal ball being in the shop. You might use that line on these folks but I love what you told them about not forcing them into a sale- it is their decision and not only that, in most cases- IF THE SELLERS DECIDE TO REJECT THE OFFER - YOU DON'T GET PAID!

Apr 27, 2011 07:12 AM
Tricia DeSouza
HomeSmart - Scottsdale, AZ
Selling Scottsdale Luxury

And if you would have "forced" him to take the other offer he probably would have been upset for you not letting him hold off and wait for a better offer. Some people are hard to please.

Apr 27, 2011 07:43 AM
Caroline DeVore, Stowe Vermont Lodging, VT Bed and Breakfast Inn, Vacation Homes
Stowe Meadows Lodge, Stowe VT Romantic and Luxurious Inn - Stowe, VT
Caroline DeVore | Stowe Meadows Lodge, Stowe VT

I remember years ago, a builder I was working with on my own home gave me terrific advise that I occassionally pass along today.  Back then, my husband and I were building a new house and needed to sell our existing home before we could close on the new one.  Our builder said, "In my experience, the first offer is the best offer; folks tend to want to wait to see if a better offer will arrive....but don't fall into that trap."  This isn't ALWAYS the case, but it is often the case.   

Kinda like the stock market: "Be a bull or be a bear, just don't be a pig".

Apr 27, 2011 07:58 AM
Lynda White
Bluegrass Homes & Farms Realty, Agent Know How - Louisville, KY
Admin. Mgr., Keller Williams Realty

I suppose some people love to be told what to do and pay people to do it. LOL

Apr 27, 2011 08:53 AM
Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos

Hi Nancy,  How curious.  I've heard several agents relate essentially the same scenario in the last week.  Interesting pek into the seller psyche.

Apr 27, 2011 08:54 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

I advise clients but the ultimate decision is their's. It has to be.

Apr 27, 2011 09:15 AM
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

We've had similar situations.  All you can do is list the pros and cons, it's there decision!

Apr 27, 2011 09:19 AM
Barbara Altieri
Better Homes and Gardens RE Shore and Country Properties - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Nancy -- I have experienced that.  The seller blamed me for his decision in not taking that first, quick offer and wanted to pull the listing.  I advised that the first offer is typically the best, it was within reason, but he later admitted he was 'greedy'.  I did sell it....for a bit less than that offer....but it was enough to make him complain.  He was not easy to please, so if he did accept the first, I would guess he would have complained that he should have waited for a higher offer.  

Apr 27, 2011 09:55 AM
Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

The blame game has no winners. Unfortunately, a do-over is not possible and all he's left with is a should have excuse. 

Apr 27, 2011 10:55 AM
Justin Dibbs
Fairway Independent Mortgage - Ashburn, VA
Mortgage Advisor

That is one of the things I dislike most about my real estate business.  Sooooooo many consumers let their judgement be clouded by emotions, then they look to blame their bad decisions on someone else.  

Apr 28, 2011 03:23 AM
Cara Marcelle Mancuso
Golden Girls with SW Desert Homes - Tucson, AZ
Call a Marana neighbor, I'm THERE!

This is GREAT!  How many times have we heard, "The first offer, is probably your best offer!"  I love that you stuck to your principals and ethics and personal style.  I'm not of the pushy variety, either. 

Apr 29, 2011 04:35 AM
Emily Read
Salt Lake City, UT

AWESOME. POST!! Haha - loved it! Thanks for sharing!!

Apr 30, 2011 05:18 PM