This pretty well says what I'm thinking. A Buyer's agent wrote an offer on one of my listings, a short sale. Now we have no inventory left in Las Vegas and it has been a feeding frenzy. Multiple offers on everything. This offer arrived n Monday, the third day of the listing. Full price, $132k. But, $6k in lender costs, a home warranty, FHA, and a Buyer without full loan approval! I think we'll accept one of the other 8 offers! The Buyer's agent said "I keep writing offers but can't get them accepted!". I asked "Are we in a Buyer's market, or a Seller's market?". Her reply was "Oh, a Buyer's market.". Time for a team leader who will teach you!
Bring on the Sellabrations...the Buyers are Out ...the Buyers are Out ! It was an exciting weekend with multiple offers on several well priced properties.....and as you browse through MLS you see the "Active with Offer" indicators everywhere...HURRAY !!!
Homes all dressed up and ready to sell...priced at appraisable prices...ARE selling....a wonderful welcome to spring...and a boost in recovery to the market.
Along with the wonderful offers....written by agents and buyers who understand that some homes...even those recently listed ....ARE priced to SELL and not to sit....and with that in mind, got out their pens and put their money where there House is...or will be....and wrote an offer like they meant it.
Then......there were some offers....where both buyers and agents used the "plucked from thin air" price approach....an insult to the Sellers....an effort to steal...despite the agent being that multiple offers would be presented. Yes, yes...we know...the agent is "just the messenger"....they have to write what the buyer demands.
One offer was especially low....on a property that had not been on the market less than a week....maybe the agent didn't get the message we left...So I emailed again....politely and professionally...."Did you know that there are multiple offers on this property that will be presented tomorrow ?
The contract indicated that the agent was a Buyer's agent...."Yes...." he replied promptly..."They wrote for what the property was worth." Hmmmm....I checked the agent's sales production in MLS....one house sold in the last year....outside of the four county area at a very low price....With multiple offers, the Sellers elected not to respond to the offer and chose one that was well written with a solid price supported by documented financing and earnest money.
Everyone is entitled to their opinion....best to assist the buyer with the facts...comparable homes that have sold...Whether you work under contract with a buyer as an agent...OR you are a Buyer working with an agent...thin air prices are not the buying mode of the day. Just as a Seller may examine the sales record of an agent who will list a home...it's a good idea to learn the experience of an agent that is writing an offer.
Some People Are MIS-READING this BLOG...ALL OFFERS ARE ALWAYS PRESENTED - the Response is the
CHOICE OF THE SELLER....On with the Blog...
If you really want to own/sell a home.....why risk insulting the Seller....losing a house you really want to call home...Take the advice of an agent that has successful experience.....and live happily ever after.
If you are looking to live happily ever after in southeastern Wisconsin...call the Hansons...we are proud to be your ambassadors to the state we have called home for a lifetime....and know you will too.