Dear Buyer, Sometimes it is Just not the Right House for You....

By
Real Estate Agent with DWELL REAL ESTATE BK3105105

Desirable neighborhoods whose homes rarely come on the market can be a huge problem for buyers who want to live in them.  I have one home like this on the market right now, very fairly priced at $326,000 and the comps to support the asking price.

Today I showed it to a buyer who just loves the neighborhood, has wanted to move into it for many years and kept trying to make the house fit her needs.  It was like watching Cinderella try to squeeze her size 8 foot into a size 6 shoe. 

She wanted to raise the floor in the sunken living room, fill-in the pool, move the washer and dryer into the garage so that she could use the very large utility room as an office and chip out the stone wall in the entry area.

However, she said, to do all these renovations, she would have to offer the seller a substantially lower price than was being asked to cover the costs of making the home work for her.

I had to explain to her that there are buyers out there who are going to be just fine with the features existing in the home and that this is just not the house for her.  There is no way that the seller is going to reduce the price to accommodate the changes that she wants to make and to fill in a beautiful pool is throwing money away.  The home is in excellent condition and move-in ready for the right buyer.

No matter how badly you want to live in a certain neighborhood, if the house is not right for you the seller will wait until the right buyer comes along.  Sellers do not want to hear that they should reduce the price of their home because you want to take the savings and change the home to fit your needs. 

 

 

Posted by

 Looking for a great real estate agent in the Sarasota area? 

 

Marnie Matarese |Broker Associate | GRI|RSPS|SRES | DWELL Real Estate 

MARNIE@CALLMARNIE.COM 

DIRECT:  941-809-8099 

 

www.callmarnie.com  

1947 Ringling Boulevard

Sarasota, Florida 34236

 

  

          

 

 

 

 

 

 

 

Comments (11)

Ralph Gorgoglione
Maui Life Homes / Metro Life Homes - Kihei, HI
Hawaii and California Real Estate (310) 497-9407

Marnie, some buyers (and seller) ar living in a fantasy world and need to get in touch with what the reality of buying and/or selling a home is.

Jan 31, 2014 11:55 AM
Andrew Payne Realtor® Richmond VA Homes For Sale~804-938-5257~
Piedmont Real Estate - Richmond, VA
Richmond, VA, Real Estate, SRES®, NAR Green

Marnie,

Thanks for this post.  It helps to give buyers a shot of reality sometimes.  Almost no seller is going to drop a price on a move-in ready home in order to make an extensive overhaul for the home affordable for a buyer.  The buyer may as well purchase a fixer upper!

Jan 31, 2014 12:29 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Marnie. Well done. It isn't the sellers problem if the buyer wants the home to work in a different way. I bought my current place for the area and the setting, and then spent almost that much to make it mine. Suggested.

Jan 31, 2014 10:04 PM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Marnie,

I love the analogy of the size 8 into a size 6...great post!

Feb 01, 2014 12:54 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

When the buyer tries too hard is does seem like the stepsisters and the shoe. I can be time to move on and try something else on for size. 

Feb 09, 2014 12:15 PM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I have not met a Seller yet that cared about the Buyers preferences.  It is livable right now for the person who falls in love with it.

Feb 11, 2014 08:33 AM
Yolanda Cordova-Gilbert
Richmond, TX

Marnie,

 You are correct, when people walk into a showcase home and say I have to do all this to it so you have to reduce the price the price is the price. This may not be the home for you. One lady got offended when I told her that after she told me all that was wrong with the house; she just wanted a better deal!

Feb 12, 2014 08:44 AM
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

I spent several afternoons with a buyer that wanted to basically rebuild the house.. until the contractor told her that she could just build one from start that suited her for less money. 

Feb 13, 2014 10:52 AM
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Marnie-The Cinderella analogy is right on the money. Sellers don't care what modifications the buyer wants, and buyers don't care about the amount the sellers want to net.

Mar 13, 2014 06:48 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor
Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

LOL!    I think we have all had this buyer.  

Jan 28, 2015 10:11 AM