Mr. Home Buyer, Your Champagne Tastes Don't Entitle You to Price Deductions!
Dear Mr. Home Buyer,
Your agent tells us you've been looking for a home for quite awhile. Nothing all that unusual about that, lots of buyers and their agents spend quite a bit of time looking for that perfect home.
But from our limited knowledge of you based on the communications from your agent to us concerning your offer, we think that you may have a problem with YOUR expectations.
In our market, you typically shouldn't expect granite counter tops, custom tile, etc. until you're approaching the $300k price point, and even then, it's more likely to be a less expensive form of solid surface counter tops.
So when you're looking at homes priced in the low to mid $200ks, it's not reasonable of you to EXPECT those higher end features. You may want them, more power to you. Have at it AFTER you've bought your new home from our sellers.
But what you CAN'T do as the buyer? Deduct the cost of your desired upgrades off the list price of an already appropriately priced home. The home is already priced competitively, already has upgrades to knock your socks off, and you think by saying "here's my list of the things I'll want to change after moving in" that you get a price break? On a move in ready home? REALLY?? Maybe your agent hasn't told you this yet, or maybe you just need to hear it one more time to "get it". If a home has appropriate and good condition features, and is priced appropriately for the neighborhood, you don't get to deduct for your wish list.
So, we don't know you, haven't met you, but based on that offer you submitted yesterday that flamed out within three hours, we think we've got a pretty good idea of why you're STILL looking for a home.
And if you change your mind and decide to offer a more reasonable amount for our listing? Come on back! Our sellers would STILL be happy to sell you this home. Our sellers agreed with EVERYTHING else you wanted, it's just price! And we have absolutely NO fear about the home not appraising.
Serving Warren County's residential real estate needs,
Liz and Bill aka BLiz
UPDATED 5/24/2011 2 p.m. For those misunderstanding this post, this is NOT a letter actually sent to a buyer client on the other side of a deal. The facts are real. Their misconceptions are real. We did nothing on our side to kill the deal, nor do we ever. This was never about emotion but strictly about price. Seller countered twice, buyers didn't come up. Deal closed for now, although the invite to continue was left open. Do NOT interpret this as an attack on low ball offers or that we hinder deals or get emotionally involved as the agents. We do what is in our clients best interests. All offers are presented and countered. This IS strictly an educational piece for the buyers (and their agents) who need it. There was and IS no intent to insult anyone. If you've been reading our blog regularly, you'd know that isn't our style.