Mr. Home Buyer, Your Champagne Tastes Don't Entitle You to Price Deductions!
And, more on low ball offers; here is what I try to find out from those buyers who seem to have absolutely unrealistic expectations in regards to actual selling price:
"Is your idea of finding a good deal, by making a low ball offer hoping to find this mythical desperate Seller, existing only in the imagination of the media and all these real estate "experts"? Or, is it to find an aggressively priced property, which a blind man will spot as a "good deal", because it is 50% of its true market value?"
I also send them all recently closed sales which very clearly show that the Sellers actually have gotten the memo regarding realsitic pricing a long time ago, and as a result- properties are selling for asking or just a little below asking price.
Mr. Home Buyer, Your Champagne Tastes Don't Entitle You to Price Deductions!
Dear Mr. Home Buyer,
Your agent tells us you've been looking for a home for quite awhile. Nothing all that unusual about that, lots of buyers and their agents spend quite a bit of time looking for that perfect home.
But from our limited knowledge of you based on the communications from your agent to us concerning your offer, we think that you may have a problem with YOUR expectations.
In our market, you typically shouldn't expect granite counter tops, custom tile, etc. until you're approaching the $300k price point, and even then, it's more likely to be a less expensive form of solid surface counter tops.
So when you're looking at homes priced in the low to mid $200ks, it's not reasonable of you to EXPECT those higher end features. You may want them, more power to you. Have at it AFTER you've bought your new home from our sellers.
But what you CAN'T do as the buyer? Deduct the cost of your desired upgrades off the list price of an already appropriately priced home. The home is already priced competitively, already has upgrades to knock your socks off, and you think by saying "here's my list of the things I'll want to change after moving in" that you get a price break? On a move in ready home? REALLY?? Maybe your agent hasn't told you this yet, or maybe you just need to hear it one more time to "get it". If a home has appropriate and good condition features, and is priced appropriately for the neighborhood, you don't get to deduct for your wish list.
So, we don't know you, haven't met you, but based on that offer you submitted yesterday that flamed out within three hours, we think we've got a pretty good idea of why you're STILL looking for a home.And if you change your mind and decide to offer a more reasonable amount for our listing? Come on back! Our sellers would STILL be happy to sell you this home. Our sellers agreed with EVERYTHING else you wanted, it's just price! And we have absolutely NO fear about the home not appraising.
Serving Warren County's residential real estate needs,
Liz and Bill aka BLizThe Liz Spear Team
Elizabeth & William Spear
RE/MAX Elite
Two locations: Lebanon & Mason, OH
Office direct: 513-248-3660
Liz direct: 513-265-3004
Fax: 866-302-8418MailTo: Liz@LizSpear.com Visit: http://www.LizTour.com
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