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Goodbye Bad Sellers!

By
Real Estate Agent with RE/MAX Showcase Homes

There is a common thread with the sellers who successfully sell their homes when they work with me. They listen to what I say and let me do my job. I recently had the misfortune of working with some sellers who, when I met them, told me "we need a bigger house and need to sell this one." I went through my complete listing presentation which included market data, absorbtion rate, etc. They wanted to price there home a bit high but agreed, in writing, to a price adjustment after 2 weeks.  Sounds great, right? Then the sellers turned into Mr. and Mrs. Hyde. First, they became very difficult about allowing showings. Out of 7 buyers agents who tried to show the house, only two were permitted. Miraculously, the second Realtor submitted an offer which was 93% of their list price. Their response was to come down $500 nothwithstanding my advise that I did not think the house would appraise in that amount supported by market data. Although the buyers were suprised by this, they came up to 97% of list price. Sellers response: "we want to think about it." Buyer's response: @#$% you!

Thirty days went by and, although there were two attempted showings, sellers again, did not cooperate. They also reneged on the agreed price adjustment. After that, I suggested that they take their house of the market as I told them that "this is not the market for you." Two weeks after my request to end our relationship, they reutrned my sign and lockbox. I am glad to be rid of them. If sellers won't listen to me and the market and won't cooperate with showings or honor their agreements with me, then I cannot help them.

Posted by

Lee Morof
Associate Broker/Attorney
RE/MAX Showcase Homes, Birmingham, Michigan
www.NorthWoodwardHomes.com
Call:  248-514-2640

Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

whoa...I have had similar experiences. Let me join you in saying bye and farewell Lee

Oct 27, 2011 03:59 AM