Ever thought about walking away from a listing?

By
Mortgage and Lending with AmeriFirst Financial, Inc. NMLS#222444

Have you ever thought about walking away from a listing? While there are probably reasons too numerous to name, I wanted to share with you the top five that other agents have shared with me.

  1. Unrealistic Sale Price – You may have taken the listing at a higher price than your market analysis indicated, hoping to “reduce” the price as time went on and no offers were made. Every once in a while, you’ll find that one seller who will not budge or reduce the price, believing that the new carpeting and paint they just added is worth the extra dollar amount.
  2. Abuses You – You cringe when you hear their voice on the phone or meet with them in person. Because they call you all hours of the day and night. They swear on the phone. They yell at you. They make unreasonable demands.
  3. Other People Are Involved – Here’s the scenario: The sellers list the home with you and you are now getting phone calls from their parents (or aunt, uncle, friend) who think they know more than you do — with the excuse that they are “just helping the kids.”
  4. Lie To You – You find out that they lie to you about the condition of the home, repairs, liens against the property — basically you can’t trust what they say!
  5. Gut Feeling – Yes, there are people that you just have this “feeling” that you dislike them right away — or that you won’t get along. Listen to your gut—even if you don’t know why at the time!

Even if you are the type of person who wants to get along with everyone, let’s face it—you can’t, and you don’t have to either. Life is too short to deal with people who don’t respect your profession or you.

As one real estate agent put it — “I’m done dealing with people who think they know my business better than I do. It’s so liberating to know that when I “fired the sellers,” I dodged months of grief and saved a ton of money and time, which allowed me to work with sellers that respect what I do.”

If you have walked away from a listing, what was the reason so I can add it to my list?!

Posted by

Amerifirst Financial

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JAYNE COMBS
Sr. Mortgage Loan Officer
NMLS# 222444

jcombs@amerifirst.us

www.jcombs.amerifirst.us


(661) 965-0088 Cell
jcombs@firstcal.net

 

Impossible is just a reason for someone not to try.......

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Ambassador
2,018,341
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     They turned down an excellent offer, because they just knew that a better one would come along.

May 23, 2014 10:18 AM #1
Rainmaker
94,295
Dan Mincher, CCIM
The Vollman Company, Inc. - Sacramento, CA
Sacramento Commercial Real Estate

6.  They don't care if you get paid.  There's a zillion iterations of this but basically it's a version of your #2.  lack or respect.  Take, take, take, and then whine about paying a commission.... I'm sure there are many others too.

May 23, 2014 10:23 AM #2
Rainmaker
660,416
Pete Xavier with AffordablePlan.org
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Each and every situation is different, sometimes I have some grace to tolerate things that doesn't go against my core beliefs.

I have NO problem walking away from bad and potentially bad situations.

May 23, 2014 06:40 PM #3
Rainmaker
750,196
Chris Griffith
Downing-Frye Realty, Bonita Springs, FL - Bonita Springs, FL
Bonita Springs Listing Agent

Suggested!  Yes, I have "released sellers into the wild". I've referred them out or just plain fired them for many of the reasons you've stated.  It's just not worth it to work with combative, abusive or rude sellers who don't value what I do, my experience or my advice. 

May 23, 2014 08:58 PM #4
Ambassador
3,630,212
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Jayne, I've walked away from a couple, but it takes a lot!

Basically, if they won't take my advice, if they are smokers, if they have a Realtor-eating dog and make the place hard to show, I probably would pass on the place without getting involved in listing it at all. 

And as far as high prices go, I've seen so many over-priced homes fly off the shelf in my market, who the heck knows anymore!

May 24, 2014 12:17 AM #5
Rainer
3,800
Jennifer McLain

I had the unfortunate experience of taking a listing with Items #1,2 and 3 happening immediately!  The owners mother began to e-mail me in ALL CAPS, telling me she didn't care what the community market was doing, that she knew agents who loved the home and thought the price was spot on (when I asked her if these agents had shown the home, I got a blank stare).  I referred this listing to another agent.  I'm glad I did!  Abuse from anyone is a deal breaker in my world.

May 24, 2014 12:55 AM #6
Rainmaker
49,505
Jayne Combs NMLS#222444
AmeriFirst Financial, Inc. - Walnut Creek, CA
Loan Officer & Cert. Divorce Lending Professional

Thank you all for sharing!  I appreciate your input.

 

May 24, 2014 01:29 AM #7
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1,693,298
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Not only have I thought about it, I've done it. If sellers aren't willing to take my advice about pricing, staging and condition, they aren't worth my time and certainly not worth my marketing efforts.

May 24, 2014 05:19 AM #8
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Jayne Combs NMLS#222444

Loan Officer & Cert. Divorce Lending Professional
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