Home : Blogs : Andrew Monaghan CRS, GRI, EPro Associate Broker : Andrew's Blog

Whats normal any more

What is normal, where do buyers and their agents get off, do comps matter for anything?

I had a case today where a home was that was offered at $55000, received a offer at $50,000 then we had a price drop to $50,000 and the agent sent in a offer at $45000 and got mad at me when the seller accepted their offer???

What makes it so bad in our business today that paying asking price is bad? this home is dramatically undervalued and was a great buy at $55k now the buyer is mad that her offer was accepted.

http://twitter.com/andrew_monaghan

Posted by Andrew Monaghan CRS, GRI, EPro Associate Broker on 08/06/2008 12:43 AM

Comments (6)

offers, arizona housing

This post has been included in Arizona Information
Post is included in group: Arizona Real Estate
Post is included in group: War Stories
Post is included in group: REO
Post is included in group: Activerain MLS Online
Post is included in group: REO REALTORS

6 Comments on Whats normal any more

AUG

2008

Hi Andrew,

Am I missing something here? The buyer is unhappy because her offer was accepted?

Andrew, I guess that I am in the same boat as Lynda, the buyer was mad that her offer was accepted? Why did she put in an offer?

I don't get it either? Most buyer's are happy when their offer is accepted. I guess that's your point: What is normal?

Rudy

They are mad because they did not get the perceived Deal?

So they offered $50000 got accepted then wanted to go to $45000 after the offer was accepted? I guess that is what the confusion is?

AUG

2008

LOL. When a first offer is accepted, the buyer thinks the overpaid. They expect a counter-offer. But they don't realize what a good job you did by getting the seller to accept their first offer! Maybe you should pre-qualify the news by telling the buyers how hard you had to work, and how many hours you had to spend, and how much convincing you had to do, to get the offer accepted! ;)

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?