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I've had the same agent call me almost every day for the last 10 days. She has a buyer who is interested in a listing I have in Santa Rosa.
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47 Comments on Bracing for a low-ball offer
Cynthia, talk is cheap! Turn the tables around and ask her for the offer she keeps talking about.
Multiple complaints about a bout a property, multiple comments on the inadequacies...prelude to low offer. We have all seen these (or heard them!).
At some point I would be compelled to ask, "Given your growing list of perceived problems with this property, why does your client want to write an offer?"
Wow, I'm pretty sure I would have said something rude to her by now. I admire your patience Cynthia, but maybe today is the day you are going to snap and tell her to either bring an offer in or you'll file a restraining order against her.
I am going through the same thing now. They are not demeaning the property but the "OFFER" has been coming about 3 weeks.
Hi Cynthia, I guess we have all had this type of buyer ! If you feel the need to continue taking her calls I would ask her why her buyers would ever want such a run down wreck of a house ?
After the second phone call and them keeping on saying bad things about the property, I think it would be time to just tell them that maybe this property isn't for them if they have so many problems with it. Until you present an offer all of their complaints are not going to help them get a better price. You are very patient with that agent.
Good luck! That is going to be a tough one!
Donne - it's hard enough work as it is without having to deal with someone thumping your chest in the same place till it hurts like heck.
Anna Banana - I'm soooo waiting for someone else to submit an offer.
Jane - LOL, I can just see you rubbing your hands, so fitting!
Mel - I may have to get my 30 30 out of the closet :)
Carla - that's the other thing, she is calling from different numbers!! Should I be concerned? :)
Bonnie - newer homes are wonderful, provided they were soundly built. I seem to be listing a lot of homes built in the 70's lately. I'll keep my cool, just in case I actually have to go through with this.
Steve - there actually has been a good deal of buzz. This house does need some TLC and when priced near $600K that can be cost prohibitive to many.
David - I'm not so sure about that. I think I'm just being told over and over that the price keeps coming down.
KW Tattersall - That might not be a bad idea ... call me when you have an offer, not until then.
Phil - that has happened to me before as well. Silence the BOOM ... offer!
Valerie - good idea, that might be the way to handle it.
Jeff - I have a feeling it will be super low, she has made that house seem so pathetic.
Brian - you could be absolutely right, they might doing the same to her. Would that mean she isn't in control of her clients?
Charlie - she keeps calling from different numbers. When I let a call go to voice mail, she called from a different line.
Gabe - her clients had an inspection done, they have more knowledge than I do at the moment.
Richard - I hadn't even thought of that!
Eileen - I don't think we are required to disclose # of offers in hand, but I was taught to do so on an ethical standpoint.
Kathryn - you get the gold star comment award. Good idea, I'm going to do that!
Eric - this is a seasoned agent, I think she is "working" me.
Cheryl - that is what I have been. Brief and polite.
Jeanne - I got a good laugh out of that one! ... and possibly her mother ... LOL!
Elizabeth - isn't that the truth!
TCT - justification of a low-ball offer is OK if it comes in writing with the offer. But to bad-mouth a property isn't professional.
Michael - I'm going to do that the next time she calls. That should be today.
Gary - it's a tiresome tactic that doesn't work well with me.
Wendy - that was kind of her point during the last call. "With all these problems, my buyer is still interested!!" I thought ... well lucky me!
Malcolm - I won't snap, I stopped that earlier this year :) I'll ask her to submit an offer or stop teasing me. How does that sound?
Mark - there are some great comments here and some really good suggestion on how to handle the situation. I almost didn't write this post, but I'm now glad I did. Thanks for stopping by.
Brenda - 3 weeks? Oh my gosh you have been putting up with this twice as long. Good luck!
Bill - I'm starting to wonder myself.
Morgan - "maybe this property just isn't for them". I like it, I'm going to use it.
Tim - thanks ... after reading all of these comments and suggestions, I'm ready for that next phone call.
I've gotten calls 3 days in a row, before the promised pile of paperwork arrived... Unfortunately, each day without the arrival of another offer seems to embolden these buyers even more as you say, until they practically reach a point where they want the seller to pay them to take it off their hands.
Just remember, no matter where they start, it is an offer on paper and a point to make a counter offer on to get to a reasonable price both parties can agree on... hopefully ;-))
Cynthia, you too may be absolutely right - in that case, she isn't in control of her clients.
Yep, I agree with you... it is coming. Prepare your seller too! Hopefully you can still work it higher, good luck!
I think you should tell this agent that you have been receiving a deluge of calls about the property and that you expect an offer to be coming in soon. If it's a lie, it's only the same one she's been telling you this whole time. Maybe she won't realize that all of those calls (and promise of an offer) have been coming from her all along!
Hi
Why is it always a battle between the agents over what they preceive to be their clients feelings. I probably am too close to my clients and often have to think before speaking to insure I keep my personal feelings out of the equation. I wish more agents would so.
I can so relate to the feeling that I hope anyone, anyone at all gets this house but you, since you've been making me crazy since day one with all your negativity and your low ball offers. In reality, I'm just happy to sell it.
Saw this from Donne Knudsen's post. Funny, sad and oh so true. Just remind the buyers agent if its so bad they should do themselves a favor and offer on another house. Then follow that up with "in your clients best interest I am sure they would want something other than this place" (lol being sarcastic here) I find a negative close is almost always effective.
Hi Cynthia,
Next time she calls, tell her someone in your office had a great open house yesterday and the remarks were fantastic plus you are expecting several offers today. Maybe her client will rethink the low ball offer.
Please God. Can you send Sssssssynthia another buyer before the nuisance agent's buyer actually works up enough nerve to submit an offer. Please God. Can ya huh? Huh? Huh? Can ya?
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