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5 Comments on "I'm Not Just Going To Give It Away" - Please Banish This Phrase!
"I'm not going to give it away" is often followed by the bank taking it away.
Great post! All too often, we hear that familiar yet overused phrase that sellers use to beat up their real estate agents into listing the home at a price above the market value. We do this out of a sense of despair to get or keep the listing and believe that, over time, we will convince the seller to lower the price so it can get sold. Many times this is a useless exercise since they won't lower the list price yet berate us when the listing expires without an offer. This is the life of a real estate agent. Like it or leave it!
Cara,
Ain't it the truth! :) We just had a deal fall through for a borrower who had signed a contract to purchase a home for $100,000. The appraisal came in at $86,000. The seller withdrew from the contract, uttering those same words "I'm not going to give it away." Apparently she thinks that the next appraisal for the next buyer will come in higher. She may have a long wait...
Mike in Tucson
Cara, You chose a good post to reblog.
Have heard this sentence so many times that I sometimes say it first...."Of course you don't want to give your house away."
Margaret
Dave - you made me laugh out loud. :)
Tom - I have met more people who want to sell at top dollar and buy at bottom barrell prices - for a top dollar house, of course. It can be frustrating!
Mike - Appraisals....grrrrr...don't get me started there....grrrrr. You bring up a very good point with your story, It's a hard row with a changing market and appraisers are...well, very cautious. I have a buyer right now worried that when the appraisal comes in below their asking price, and we are certain it will, the sellers will back out. Hopefully, we'll get that price drop! What really amazes me is when you have a property that must have TWO appraisals...and they are thousands of $$$ apart. I'm sure you've seen it all, Mike.
Hi Margaret! Thanks for stopping by and have a great Sunday!