Dear Mr. & Mrs. Frustrated Seller,

As you may or may not be aware, we are currently in a depreciating market.  Some might even call it a "Buyer's Market".  Call it what you want,  I'd just like you to know that it's not a cake walk out here on the Buyer's side any more than it is on the Seller's. 

I know the pressure & stress you are experiencing.  It was like the time we were in a "Seller's Market" and I was pressured into buying a home at or ABOVE list price. The time when Buyer's were ultimately forced to choose a home after only seeing 1,2 or maybe 3 homes.  Multiple offers were the norm, not the exception.  It was a competitive world out there.  Remember those days??

As a Buyer, I had to be a visionary & project the future.  The market was appreciating & I couldn't possibly pass up the opportunity to own my little piece of the American Dream now could I?  Everyone said, "just look to the future"!  Prices are going UP & gosh, if I don't buy "NOW" - I just might get priced right out of the market. 

So here we are just a few short years later.  Now supposedly we are in a "Buyer's Market".  Big Flippin' Deal!  The pressure is put right back on the Buyer AGAIN!  It is my responsibility to project the trend.  I have to assume the risk of the market continuing this spiral decline.  But... As long as I'm not planning to "FLIP" the property anytime soon, I "SHOULD" be fine, right?  RIGHT!!

Well Mr. & Mrs. Seller,  I guess what I'm trying to say is this... I realize your equity is evaporating before your very eyes and I can empathize with your dilemma, I really can.  But at what point do I (as the Buyer) get to look out  for my own financial well being without being ridiculed or accused of trying to "STEAL" your home? 

If I write you an offer that offends you, please accept my apology in advance.  Remember you always have 3 choices.  You can "ACCEPT" my offer, "REJECT" my offer or "COUNTER" my offer with terms more suitable to your goals and objectives.

Although there are probably THOUSANDS of homes JUST LIKE YOURS, I'm obviously choosing your home for a reason.  Contrary to what you might believe, I'm honestly not trying to kick you while you're down.

At the end of the day, our stress levels are probably quite similar. All I'm suggesting is that we open the lines of communication in an effort to come to a mutually beneficial decision.   

Warmest Regards,

Mr. & Mrs. Scared To Death Buyer

 

13 Comments on Dear Mr. & Mrs. Frustrated Seller, From Mr. & Mrs. Scared To Death Buyer

OCT
16
2007
202,780 Points 4 Featured Posts Outside Blog
That's great, Sue!  Mind if I use it a couple times?  LOL
10:48pm • #4
3 Featured Posts
Karen:  I deleted your previous 2 entries because they were rude, condescending & were not constructive in any way.  I have no problem with people disagreeing with my opinions, but for you to think that you "hurt my feelings" implies that I care what you think - which I don't.
10:55pm • #5
3 Featured Posts

Keisha:  Thank you!!

Carol:  Absolutely you can use it!! It's important for sellers to understand that "they" are not the only ones going through this market.  It affects everyone.

10:57pm • #6
OCT
17
2007
3 Featured Posts
Sue, Great story and excellent perspective!  This should be part of your listing agreement!
2:23pm • #7
457,099 Points 13 Featured Posts Localism Sponsor Outside Blog
Sue - Both sellers and buyers have to face the existing reality.  I like the part where you pointed out especially to the seller that they have options and it is up to them to exercise it.
3:46pm • #8
3 Featured Posts

Steak:  Thanks!

Jennifer:  And you noticed that getting their "panties in a bunch" wasn't one of those options right?  :)

4:35pm • #9
134,956 Points Outside Blog
Sue, I love this!!  Its so true.  I have worked from both ends and both sides give the other an unfair shake sometimes.  When dealing with transactions such as homes, so many have the emotions tied up in the deal.  I have to remind them that it is not personal.  Everybody wants a good deal for themselves.  The buyers are not trying to steal your home and the sellers are not trying to take all your money.  Great post!
6:37pm • #10
3 Featured Posts
Kimberly:  If we can just convince them that it's really NOT personal, half of our battle is won isn't it?  The funny thing is, the sellers who moan about the low ball offers end up doing the exact same thing when it's their turn to buy.  :)
9:11pm • #11
OCT
18
2007
3 Featured Posts
Jennifer & Sue:  Is that one of the classes you guys have to take to get your license?  Isn't the class code P.I.A.B. 101 "How to calm your clients down"  LOL
11:53am • #12
3 Featured Posts
Steak:  That would be a FABULOUS required course!
2:20pm • #13

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Sue Nelson, Broker/Associate Las Vegas Real Estate ~Team Rhino~

Las Vegas, NV

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ERA Sunbelt Realty

Office Phone: (702) 360-9790

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