Have you heard about how Curiosity killed the buyer?

By
Real Estate Agent with Godzyk Real Estate Services NH License 033394
http://actvra.in/4YXk

Does it matter what the Seller paid for  a home. A buyer asked "Why shouldn't I Look to see what the Seller paid?" They then proceeded to offer half price on a new listing based on how how low of a price it showed the seller paid. Curiosity then killed the buyers deal as it was not only rejected, tossed but thrown in the fireplace.

 

You see during a divorce, the wife had left, the husband kept the home and the kids. The judge ordered he pay the ex half of the equity anyway. In the local tax assessors office it showed as a sale from Mr. and Mrs. Seller to Mr. Seller. This buyer agent looked it up, saw the low price and sought to get a steal for her buyer.

 

The moral of the story is that it does not matter what a seller paid for the home. An asking price is based on what has sold. The sales price is based on what a buyer is willing to pay and agreeable by all parties.

 

 

 THE BEST WAY to go about any home sale or purchase is to know that the consumer should not choose just any agent. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. By using a philosophy, which is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process, I can help you find your dream home or sell your property.

 

 

                                 

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborugh, Rockingham, Merrimack and Belknap counties. 

 

You can search for Manchester area Homes For Sale by clicking here. what is for sale by clicking here.

 

 

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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Sheri Sperry - MCNE® 01/22/2017 05:00 AM
  2. Tony and Suzanne Marriott, Associate Brokers 01/20/2017 05:10 AM
  3. Ginger Harper 01/21/2017 05:53 PM
Topic:
Home Buying
Location:
New Hampshire Rockingham County Auburn
Groups:
Realtors®
Bananatude
Bartender, Make it a Double
Old Farts Club

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Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Well said Harry F. D'Elia how ever common sense is not always common

Jan 21, 2017 04:11 PM #89
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Exactly Debe Maxwell and that buyer learned a lesson and made for a great blog opportunity 

Jan 21, 2017 04:12 PM #90
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Thank you Pat Starnes , it had been a while and was a nice surprise

Jan 21, 2017 04:13 PM #91
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

That it is John Wiley 

Jan 21, 2017 04:13 PM #92
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

A tough lesson for a buyer to have to learn Mike McCann - Nebraska Farm Land Broker 

Jan 21, 2017 04:14 PM #93
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I think all my buyers ask about improvements but not every one asks about what the seller paid Mary Hutchison, SRES, ABR but those that do, i like to explain how we put value on a home and how we dont

Jan 21, 2017 04:16 PM #94
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

That is something i always get and check when i list a home Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents.  

Jan 21, 2017 04:17 PM #95
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Who can not stop it Richie Alan Naggar? that is a good question 

Jan 21, 2017 04:18 PM #96
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

It depends on the market when you can use why the seller is selling to get a better deal, but in a market short n homes for sale, it is almost impossible to get a big discount Dana Basiliere 

Jan 21, 2017 04:19 PM #97
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I do like the point that it does not matter what they owe Patrick Willard 

Jan 21, 2017 04:21 PM #98
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Carol Williams I think it is very important to educate the buyer what is right and what is not. It does indeed help them get their dream home

Jan 21, 2017 04:23 PM #99
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Exactly Kathryn Acciari 

Jan 21, 2017 04:24 PM #100
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Chris Lima that is what i like to tell buyers, but all buyers dont seem to get the message. 

Jan 21, 2017 04:25 PM #101
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Thank you Maria Sapio for the comment and yes i am happy they reblogged, t was an honor

Jan 21, 2017 04:26 PM #102
Rainmaker
2,256,651
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Thank you for the cpmment and reblog Tony and Suzanne Marriott, Associate Brokers 

Jan 21, 2017 04:26 PM #103
Rainmaker
335,385
Matt Brady
Skyline Home Loans - Del Mar, CA
Lending With Competence And Character

I have never heard of a borrower basing an offer on what the original price paid was.So if they paid $1 million, own the home free and clear, and are selling it for $900,000 are you going to offer more than they listed it for? That makes as much sense as basing your offer on what the original lower  price was.

Jan 21, 2017 10:05 PM #104
Ambassador
3,402,862
Praful Thakkar
eXp Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Scott Godzyk - I never understood why some buyers think they can offer on what the current owner paid for the home!

You are right - "The moral of the story is that it does not matter what a seller paid for the home."

Jan 21, 2017 10:43 PM #105
Rainmaker
117,943
James (Jim) Lawson, DBA
DomainRealty.com LLC - Bonita Springs, FL
Broker Associate, RSPS, BPOR, HI & PE

I spend quite a bit of time analyzing data and always find exceptions.

A recent seller told me that he set his current list price by taking what he paid for his home 10 years ago, adding the closing costs at that time and multiplying the sum by the current average list price to sold price ratio then adding his current expected closing costs. Surprisingly, his list price price was smack in the middle of the comparables.

This guy believed that the return on his investment came from the seasonal rents, tax breaks and personal use of the home even though he bought just before the bubble.

The more I know the better I can serve my buyer or seller and that includes the sales history. How the knowledge is handled is what counts in MHO. 

Jan 22, 2017 11:01 AM #106
Rainmaker
1,244,559
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

This question always made me nuts from buyers. It was the 'seller can't be making THAT much $ on the house'. And I'd be - why not? You should have bought many years ago & the tables would be different right?

Jan 22, 2017 12:33 PM #107
Rainmaker
281,256
Anne Edwards Johnson
RE/MAX Austin Skyline - Austin, TX
Austin Realtor | HookemhomesATX (512)917-5260

A bothersome question for sure. Glad I am not the only one who has encountered this oddball question.

Jan 23, 2017 12:06 PM #108
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