We listed a cute little ranch last year in South West Fort Wayne. After our initial meeting with the sellers, we knew that we needed to list it at the top of the price range for that area because of how tight they were on what they owed. The selling price wasn't unrealistic, but we knew it could take a little while to sell. We all agreed and then put it on the market.
We had a fair amount of showings, but no offers. Not a huge surprise. Then Agent X showed it. She told us that her buyer was interested. Then she showed it again. Then again. Three showings and she kept telling us they were interested... but no offer yet.
We were approaching the end of our contract with the sellers. They were (as were we) a little frustrated with Agent X and all the showings with no offer in sight. They were also ready to take the home off the market and just stay there for a few years. I called Agent X and let her know our plans, and she begged us not to take it off the market yet, because her buyers were ready to make an offer.
Finally! We signed a 30 day extension with the sellers and Agent X took her buyers through there for the fourth time. Yes. Fourth. Then she sent over the offer...
I almost choked on my Cheerios when I saw it. It was for approximately 60% of list price, and they wanted everything under the sun. I called Agent X and asked her what she was thinking. She tried to explain the reasoning behind this offer, but it came down to a stubborn buyer wanting the deal of the century.
We countered at our rock bottom price, but it was nowhere near what this buyer was wanting. It died quickly and we (mercifully) let the sellers get on with their lives.
My last email to Agent X was... Why even bother? I didn't get a response. I followed up with her a few months later to see if that buyer ended up buying and guess what? He did the same thing to her on another home. Sad and frustrating.
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