How is the market recession hitting you? Will you do anything to get a sale, or sell your listings? I know many who will and do. With our industry saturated with many foreclosures, and lender issues, it is surprising the whole real estate industry doesnt just walk away. I guess, that is happening, not only are many builders in our area foreclosing, but so are some of the real estate franshises.
So when you do finally get an offer on a listing, what are the expectations? I'm finding that most buyers still want a deal, on top of the "lowest price home in the community": That they want to negotiate, even if it is a short sale. The buyer is not concerned for the seller at this point in the buying transaction. ( or ever?)
Isn't it true the the "deal" buyer will find the nicest home at the top of their price range or even totally out of their price range, to make an absurd, low ball offer that is so low that it is not only laughable, but is it really negotiable?, and sometimes the offer is even lower than the lowest home sold for in that neighborhood...EVER!!!! So is the value really there, if the buyer sees it so differently than the seller??
Here is the stumper... are you running your business or is your client? How about the agent who presents this offer and apologizes!!!! ( the client set the price, not me) Remember, you are the expert, not the buyer!
If you know that your clients offer is laughable and maybe insulting, wouldn't you make that offer the best offer possible, because you Know the seller will counter it anyway, or not respond. I would say that he is not edifying his clients on the real estate process, or is so hungry for a transaction that "throwing mud at a deal may just stick"
Perhaps in this market of huge inventory( King County, Washington) and low prices, the economy brings out the worst in people, but it is still important to be professional: Your reputation stays with you , long after that client is gone.
Sheryl:
I have had offers presented on my listings and I am sure the agent is just doing their job, but the offers are insulting, and does the agent really think that a extremely low offer is going to get accepted. I think not. Yet, I get at least two or three offers that are way below what is consider market value, and the agent always start out with this person is looking for an investment, and?