Crafting a strategy prior to writing an offer is essential in today’s market.

Real Estate Broker/Owner with Richard Weisser Realty

Writing an offer correctly is essential to getting the deal done.Every buyer is different. And every buyer has different needs, wants, and expectations when it comes to purchasing real estate.

So when it’s time to write an offer, it is very important to craft a strategy that addresses each client’s individual preferences.

The first question I ask the buyer before beginning is this:

“Is it more important to you that you get this house or that you get a great deal?”

The reason that I start with this question is that I am putting the buyer on notice that I will respect their wishes regarding the offer, but there may be consequences resulting from “going for broke.”

Because if they really want the house, the first offer must be strong enough to deter the seller from seeking additional offers from competing buyers.  Sellers will generally negotiate in good faith with reasonable offers in an effort to quickly achieve a mutually acceptable agreement.

But if the buyer truly wants to “get a deal,” then I make them immediately aware that they are risking losing the house to another buyer. The important thing is to let the buyer know that they probably won’t be able to “steal” the house and it may be very difficult to repair any burned bridges.

I have seen many buyers lose great houses that are tremendous bargains for less that a $50 per month difference in the mortgage payment. In many cases they wind up settling for less later on or they give up their home search completely.

And it’s sad to see a lost opportunity, and to ponder on what might have been.


Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Ryan Case 09/23/2010 04:06 AM
  2. Brian & Marie Spray 09/23/2010 04:08 AM
  3. Nancy Milton Holtzscher 09/23/2010 09:00 AM
Home Buying
The Lounge at Active Rain
Club Chaos
Diary of a Realtor
sales strategies

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Leslie Ebersole
Swanepoel T3 Group - Saint Charles, IL
I help brokers build businesses they love.

Margaret is right, so many people who will say they want the house of the dreams at the price of their dreams. Asking which is "more important" at the beginning might straighten out the thinking, at least a little. Good idea to call it the "buyer's strategy" 

Sep 23, 2010 04:27 AM #23
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

Motivation of the buyer is crucial to the way we write a PA.  It makes a difference as to what info I go over with the buyers.

Sep 23, 2010 04:32 AM #24
Jeremy OnullNeal
Corona Realty - Corona, CA
Corona Real Estate Expert

Great Blog Post. I find that after a buyer loses 1 house because of trying to get that deal, it validates everything I told them and then they are more open to listening to my advice.....Funny how buyers act like children:)

Sep 23, 2010 04:36 AM #25
Pam Pugmire
Silvercreek Realty Group - Meridian, ID
Meridian Idaho Real Estate

Richard~I know when I first was licensed, I thought it was my job to get every buyer a 'killer deal'.  Then I learned to listen to my clients.  I still want to see them get the best deal possible, but I also know that I need to work for them in accomplishing their objectives.  If they want a particular home, it's my job to help them get it!

Sep 23, 2010 04:47 AM #26
Diane M. Phillips Realtor 443-286-4365
Frankly Real Estate Inc. - Manchester, MD
Specializing in Carroll Co., MD

Richard ~ I'll hang on to this one if you don't mind. Great tips & approach. Thanks for sharing it!

Sep 23, 2010 04:53 AM #27
Bruce Swedal
Denver, CO
Denver Real Estate

Excellent points Richard. Often buyers will lose out on their ideal home because they find it too early in the process. Thinking they will all be like that one they low ball and press too much.

Wow that is either a really red roof in that picture or my color blindness is showing. Bright!

Sep 23, 2010 04:57 AM #28
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Richard, I do like how you put that. Great way to lay it right out on the table!

(writing it down....)

Sep 23, 2010 05:04 AM #29
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota Real Estate Expert

Definately a good strategy to use with buyers because they really dont think about all this when they are making offers.

Sep 23, 2010 05:10 AM #30
Christa Borellini
Prudential California - San Diego, CA

Great post.  Yes this definitely happens too often.  I like the way you handle it!

Sep 23, 2010 05:37 AM #31
Rayna Mckay
RE/MAX Real Estate Advocates - Calgary, AB

Great post. You really do need to bring that up with your buyers. I find that figuring out the difference in mortgage payments can really help with peoples decisions.

Sep 23, 2010 05:42 AM #32
xxxx xxxx
xxxx - Alexandria, PA

Definitely going to use that question for future buyers.  It is a simple question that reveals so much about the buyer's motives.  Thanks for an excellent post.

Sep 23, 2010 08:35 AM #33
Zakiyyah Newman
Liberty Bell Real Estate - Philadelphia, PA
Philadelphia Realtor - (Philadelphia Real Estate)

Great post! You are absolutely correct. I am working with a buyer/friend now and this is exactly what I have been telling him.

Sep 23, 2010 09:28 AM #34
Jim Shaw
Premiere Plus Realty Co. - Naples, FL
Real Estate Sales Associate, Naples Luxury Real Estate

Very good post, Richard.


Sep 23, 2010 10:15 AM #35
Erica Ramus
Erica Ramus - Ramus Realty Group - Pottsville, PA - Pottsville, PA
MRE, Schuylkill County PA Real Estate

I love that question you ask your buyers! Great phrasing.

I ask my buyers "If I come back and tell you someone else got the house, will you say OH WELL FIND ME ANOTHER ONE or will you cry?"


Sep 23, 2010 10:16 AM #36
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Richard, I'm dealing with this issue right now.  Unfortunately, the buyer wants a great deal on a house that is perfect for them but the seller isn't budging.  Alas, they will probably lose the house.

Sep 23, 2010 10:42 AM #37
Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Rockledge, FL
... a small office, delivering big service!

Excellent points. You must know where you want to end up. Besides, getting a good deal is better than losing a great deal!

Sep 24, 2010 01:20 AM #38
Bill Travis
Captain Bill Realty, LLC - Gilbert, AZ

Some buyers are just focused on getting a house at "their" price, and could care less about the small amount extra on the mortgage payment. They just want to win in the negotiation so they can tout how they negotiated such a great deal

Sep 24, 2010 02:33 AM #39
Manuel Monserrate
Raleigh, NC

Richard, I think that question "“Is it more important to you that you get this house or that you get a great deal?” should become part of any buyer's interview, as it will definitely dictate the direction they go in.  With so many buyers approaching the process with no real thought of what they want, this could definitely get them started thinking of their goals in the first place.  

Sep 24, 2010 03:11 AM #40
Angela Bond
Keller Williams Realty - Los Angeles, CA
Los Angeles Real Estate | 310 666 5052

Buyers can tend to become fixated on "how much they got off the asking price" - rather than recognizing a good fair deal is beneficial to everyone and especially themselves in the long run.  Finding that perfect home isn't always easy and I wouldn't let a few dollars a month more stand in the way of myself and my dream home.

Sep 24, 2010 10:39 AM #41
Claude Labbe
Real Living | At Home - Washington, DC
Realty for Your Busy Life

Great way to pose the question.

However, it also is a good way for me to evaluate the buyer.  if the answer is "a great deal", that can be fine.  Now if the answer is really "the deal of the century", then I need to consider if this relationship is one I can commit to.

Sep 25, 2010 06:29 PM #42
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Richard Weisser

Richard Weisser Retired Real Estate Professional
Ask me a question
Spam prevention

Additional Information