Look what’s in my email box -- Great News! I really NEED to see a backup offer for that listing from someone that knows what she’s doing. With all these badges at the end of her email, I just KNOW that I must be working with someone that had just given me a great offer.
But how come I don’t recognize her name? I know that I set up the Supra lockbox to text me with agent information once opened. Maybe I need to go check the box settings; I’ll do that after I read the offer.
Oh look, she used DocuSign for her client signatures. I’m really looking forward to seeing the offer details.
What the heck?
Why make this offer ‘Subject to Interior Inspection”? The listing clearly states vacant, go direct, supra installed.
OH NO, SHE MUST BE KIDDING.
Did she not read the listing? Is this a mistake!?! My listing states we are an ‘Approved’ short-sale at the listing price. It took me a while to get the approval at that reasonable price. But unfortunately the home has some issues which really do justify a selling price of $320,000.
WHY ARE YOU OFFERING $400,000 FOR THIS PROPERTY?!?!
So I quickly emailed her back:
Your client’s offer is received. I personally do not believe that the sellers will accept the offer as this offer is highly unlikely to be supported by an appraisal on the property. I also don’t think that they will be comfortable with a ‘subject to inspection’ clause as the property is vacant, has a supra, and as such is readily available for buyers to view and contemplate prior to submitting an offer.
But of course it is a seller decision on whether to accept, reject or counter-offer to your client. I’ll let you know their decision as soon as I hear back.
And she quickly replied:
ok then may I ask how you get an offer accepted..do you think really that the seller cares?? They as you and I know just want to short sale it so they can move on..When the lender rejects it then it goes to appraised value..they are approved for this amount and need to move..and it could be priced low to stop the sale..no one ever knows..
As I said we will be viewing it this weekend..
And it is in backup status..so you are welcome to keep it in backup..as you know many buyers don't want to wait the time for a short sale..
Yes, the sellers care. They care VERY much and want to make sure that they SELL the house and not have a foreclosure. The lender will never recoup a full payment on the property but I just can’t believe that you think my sellers should accept an offer of $400,000, forward this to the bank for approval, obtain the short-sale approval at $400,000 and then have your clients actually see the home. Do you really think that the seller should risk playing around with your client’s offer and ask for approval to sell to YOUR client (their names need to be on the approval letter) for an amount way too high? Do you really think it’s easy to just move the approval letter back down from $400,000 to $320,000 once your appraiser comes in and tells your client that the property is worth the original approval? What do you think the short-sale bank would do if we were to actually counter your offer at $320,000 rather than accept your $400,000 and submitted all the contract documentation to them for review?
Do YOUR clients care what home they buy? Do they really not care what the home looks like?
I was almost fooled but I tell you…
I really don’t care about your stinking badges.