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An Offer Is Not An Insult

Reblogger
Real Estate Agent with LAER Realty Partners

Who is better? A buyer who will preview the home for hours at the open house and couple of more visits with his/her agent 

OR

A buyer who has just one private showing and within hours, you have an offer from this buyer?

Now what if that offer is TOO LOW?

Is that an insult?

Here's a POSITIVE spin on that though from Margaret Rome, Baltimore Maryland .

Original content by Margaret Rome Baltimore 410-530-2400 311291

Margaret Rome 410-530-2400 

An Offer Is Not An Insult

 

 

As a listing agent, I encourage offers and don't worry about "insulting" me or the seller?

                                                                

 

 

Submit offer to Margaret Rome

 

There have been offers rejected but many more  have been negotiated and gone to settlement.

 

No seller wants to 'give their house away.' 

But they do want to sell!  

 

Does the seller have to accept a "too low" offer?

Of course not.. but it might start  negotiations.

 

A contract should not be viewed as an insult.  It demonstrates the buyer's interest  in making a purchase.

It takes time to obtain a qualifying letter,  show proof of funds, produce an earnest money deposit, sign and initial the 42 page offer, figure out closing costs, dates and the various inspections.

 

We have all gotten this question:

"Will the seller take such and such for the house?"

 

 

This verbal question is NOT an offer!  

Offers must be in writing!  

 

Have you heard this from a buyer's agent?

 

"I don't want to waste time with an offer. Just ask the seller if $$$ will be accepted." 

 

Whose time are you wasting?

Certainly not mine. That's my job.

 

Until you put it in writing, there is nothing to talk about.

 

This is where a seasoned agent is worth their weight in gold...or maybe just a full commission.

 

Once a formal offer is presented, the agent now has something to work with and can  prepare and present net sheets showing what the proceeds to the seller will be.  

Just remember that...

 

 

 

An Offer Is Not An Insult

 

 

 

Margaret Rome 410-530-2400

 

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Sell Your Home With Margaret Rome

Broker-Owner HomeRome Realty 

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Author of Real Estate the Rome Way

mrome@HomeRome.com

410.530.2400

Margaret Rome on Zillow

Comments (32)

Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

We all know - sellers want to get more and buyers want to save more! An offer is first step towards the negotiations.

Oct 16, 2015 02:13 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

You are right - no verbal offers.

Oct 16, 2015 02:13 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

And thinking of that, some agents still do that! Do they not get it?

Oct 16, 2015 02:15 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by Sheila - appreciate your comments.

Oct 16, 2015 02:16 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

One of the reasons I like to re-blog is - someone out there missed it and read this re-blog.

Oct 16, 2015 02:17 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

David, you got a point - every seller should read this.

Oct 16, 2015 02:17 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Nina - you are so right - after looking at the home, no offer is the insult, if the home is good, of course.

Oct 16, 2015 02:19 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The biggest insult is - no feedback!

Oct 16, 2015 02:19 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Margaret - great post and great message so I had to share it.

Oct 16, 2015 02:20 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

And hope everyone shares this with the seller - to tell them that they should appreciate an offer.

Oct 16, 2015 02:21 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Great apporach Willam - work with them like any other offer.

Oct 16, 2015 02:22 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

And that's the best way to get the results. No point taking a high road on an offer - even if it is too far.

Oct 16, 2015 02:23 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

George, true - one in a hand is better than two in a bush!

Oct 16, 2015 02:24 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

At least one took that decision to move forward! Who knows when the other one is ready to write an offer - or not even going to write the offer.

Oct 16, 2015 02:25 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Hella, that's where our skills play an important role.

Oct 16, 2015 02:27 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

A low offer shows the interest  - and an interested buyer can go up at least up to market value.

Oct 16, 2015 02:28 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Joe, true - offer is a good beginning - low or high.

Oct 16, 2015 02:28 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

What matters most is - can we come to a mutual agreement aftet that?

Oct 16, 2015 02:29 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks all for stopping by and your comments. Appreciate it.

Oct 16, 2015 02:29 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

All sellers must understand that the offer is better than no offer. If it is low, we can work on coming at right price based on what market value is.

Oct 16, 2015 02:35 PM