Ms. Buyer, We Rejected Your Offer On Our House-It's Okay Because We’re Not Going to Give It Away

Reblogger Kay Van Kampen
Real Estate Broker/Owner with RE/MAX Broker, RE/MAX 1999033519

After posting an article from Cindy Jones, here's a counterpoint written by Tom and Gina Branch about their experience is selling a great non-distressed home in their market.  Springfield Missouri Real Estate has great homes, listed below market value that are not distressed properties.

Original content by Tom Branch TX Broker 0513551

Counterpoint to Cindy Jones' blog titled, "Mr. Seller You Didn't Accept Our Offer On Your House-It's Okay We're Not Heartbroken"

 

Dear Ms. Buyer,

You made an offer on our property.  The offer was nowhere near our asking price.  We have a great listing agent and our list price is actually below the median sales price in the neighborhood.  We understand that we have not done some of the upgrades that a few of the other sales have made and we factored that into our list price.

We were not sure how you arrived at your offer so we had our agent talk to your agent.  While there are 12 comparable sales in the neighborhood, your agent pulled the two lowest sales (foreclosures) and averaged them to arrive at her estimate of market value.  You then offered ten percent less and asked us to pay all your closing costs plus leave the media equipment.

Our agent talked to your agent but she held her ground that her estimate of market value was correct. We eventually decided that this was going to be a waste of time so we rejected your offer.

The nice thing is our home is paid for and while we would really like to sell; this is not a distressed sale situation. If you're bargain hunting, please move on down the line and find another property. There are some short sales and foreclosures from the down-line builder available in the neighborhood. We understand that you are relocating from an area where properties are selling for 50 percent of what they did a few years ago, but that's not the case here. 

We wish you the best of luck in your home search and hope you find that bargain you're looking for.

PS - This is a true story.  We sold the property a couple of weeks later very close to list price.

 

Tom and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex.

Copyright 2009-2010 - The Branch Team
Texas Real Estate Broker 0513551 | NMLS 341963

 

Tom Branch, Broker Associate, RE/MAX Dallas Suburbs, http://www.thebranchteam.com

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Location:
Missouri Greene County Springfield
Tags:
springfield mo real estate
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springfield short sales
springfield foreclosures

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Rainmaker
388,495
Doris Freeman
RE/MAX REALTY SOURCE - Jackson, TN
Broker/Agent, Realtor, Madison-Gibson-Crockett

Very good post, Thanks

Have A Great Day

Aug 07, 2010 02:24 PM #1
Rainmaker
909,589
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Thanks Doris.  Cindy Jones and Tom are great writers.

Aug 07, 2010 02:26 PM #2
Rainmaker
1,052,463
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

I wonder who was the dreamer the Realtor or the client. Sometimes you never know the truth.

Aug 08, 2010 12:46 AM #3
Rainmaker
909,589
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Bill, sales can go south because the agent or the buyer has unrealistic expectations. 

Aug 08, 2010 03:55 AM #4
Rainer
28,007
Alan Bruzee
Long & Foster Real Estate, Inc. - Rockville, MD

It is the agents job to keep everyone's expectations realistic.  Unfortunately, sometimes people are not good at their job.

Aug 10, 2010 04:14 AM #5
Rainmaker
909,589
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Alan, guess we all can't be perfect, but some agents do need more training.

Aug 10, 2010 02:49 PM #6
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Rainmaker
909,589

Kay Van Kampen

Realtor®, Springfield Mo Real Estate
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