To all who reads this,
Please forgive me but sometimes in this industry I just have to vent and it is always more satisfying to vent to those who understand. Here goes.............. two years ago I had a listing which was a colonial that needed tons of work but was situated on 15 gorgeous acres. When I had the listing it was priced at $469,000. They weren't getting any attention so they withdrew the listing and decided not to sell. That's fine. It is back on the market now for $569,000. All they did was replace the garage doors and finish the front unilock walkway.
I have customers who would love this house and property, but as far as they can go is $475,000. I called the listing agent today, told him this, also told him I had the listing two years ago when it didn't sell, told him I had customers that would be perfect for this property, and he said, sorry, the lowest they will go is $540,000.
What is wrong with people? Don't they understand the market has gone down in the last two years? What is wrong with this agent who wouldn't even entertain a lower offer and try to convince these people that, in this market, what my people would be asking is well worth it!
So, I will keep looking for my customers, and never, ever consider showing this property to ANYONE again!
Sadder, but wiser.
A frustrated buyer's agent
Margo, I believe I would be writing up an offer for my buyers at the price they want. Let the agent present it to the sellers. You just never know what will happen. What the agent says really has no bearing on anythng unless he owns the house.