Is the low inventory of homes causing havoc for our buyers?

Reblogger
Real Estate Agent with Jon Gosche Real Estate

Low Boise home for sale inventory.  This is happening right now in Boise.  This is a blog taken from ActiveRain, a realty blog community that I belong to.  This is what Realtors are reading.  If you are buying or selling a home or know someone who is, this would be good education.  www.BoiseMeridianRealEstate.com will allow you to search yourself, set up automatic searches, see street views and a lot more.  If you need help buying or selling, understand that different Realtors are different.  This might give you a taste of the different attitudes and viewpoints Realtors have.  This is coming from a predominately Realtor dominated web site that not many from the public have the ability to see.  We don't sell homes to our buyers.  We listen to them, help them get information, are available at the right time so they have as few hassles as possible, know how to get the best price, value and pay as few closing costs as possible.  We also can often find lenders that will give you the best interest rates and terms available.  THIS IS A RE BLOG.  CLICK ON THE ORIGINAL BLOG BY ROCKIE SO YOU CAN SEE THE REALTOR COMMENTS.  THAT WILL GIVE YOU SOME CANDID INSIGHT.

Original content by Rockie Marvel, REALTOR (214) 801-0908 0546178

I helped a buyer client recently with the purchase of a home.  As soon as we went under contract, the listing agent informed me that there were 2 other offers that came in and was sure to tell me that one was higher than ours and a cash deal. 

We conducted our inspection during the option period and a few items came up that my client asked to have repaired.  Needless to say, the listing agent/owner were not willing to negotiate on the repairs and proceeded to tell me if my buyers didn’t like it, that we could cancel the contract and move on.  They wanted us to cancel so they could accept the other offer.  We were finally able to get a “small” concession toward the repairs and we move forward with the contract. 

The way in which the negotiation was handled left a bad taste in my mouth.  I’m hopeful this is not what we can expect going forward with the low inventory and multiple offer situations we face.    

If there is a contract on a home, the parties should respect the other and negotiate it to the best of our abilities for the higher good of our clients…no need to be nasty.  It’s not about us…it’s about our clients.  Let’s be professional and work together towards a mutually beneficial transaction.

 

Rockie Marvel, ABR, e-PRO
Richardson Resident & Neighborhood Consultant                                                   
(214) 801-0908

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