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Lowball Offer Cover Letter
I read an interesting post last evening from Pam Miller regarding how we handle Buyers who have the money to offer full price, who understand that the asking price is fair and reasonable, and STILL they want to take YOUR reputation and make you look like the unknowing Realtor who thinks offering 35% below asking price is the acceptable thing to do. I am fully aware that it is you and I, the fiduciarily-bound Real Estate Professional, that this reflects upon. The other Agent will probably never hear the name of this prospective Buyer again, but they will remember that YOU are the one that made this ridiculous offer.
If you've been in the business for more than six months or so, you have encountered this. It is not something that I enjoy, and I have a lot of friends in the business that I do not want to insult. Because we have that fiduciary responsibility to our Clients and therefore cannot say something to the other Agent, I developed a cover letter many years ago that I send with the offer to 'soften the blow.'
This is NOT for every situation. This is just for those unique situations that you want ... more
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