When Negotiating a Deal, Sometimes You Must Walk Away

By
Real Estate Agent with Sun Lakes Realty DRE #01492138

When Negotiating a Deal, Sometimes You Must Walk Away

I have some friends who live out of state and they are negotiating a deal with a very experienced agent. They are trying to buy a house that has been on the market for a year. These buyers put in a lower offer and were willing to come up some but the sellers will not budge. 

 

They called me to tell me of the counters but nothing has made the sellers budge. They are countering again tomorrow but this will be their last counter.

 

My words to them last night were "Sometimes you have to walk away and focus on finding another house".

 

When a house is obviously overpriced and the sellers refuse to negotiate after a year, then sometimes it just isn't the right house. 

 When Negotiating a Deal, Sometimes You Must Walk Away

Houses go on the market everyday and the right house will show up soon and these buyers will find it. 

 

I wonder why sellers put their overpriced home on the market and refuse to negotiate? Maybe they need to do a short sale instead! My guess is they need a certain amount of $$$.

 

Thanks for Reading my Real Estate Blog........

Posted by

 

     Need a Great Realtor in San Bernardino & Riverside?

Google me here...Kristin Hamilton 909.557.6966.

       CDPE, SFR, CHS, BPOR, BA , GREEN
              Sun Lakes Realty, Kristin Hamilton BRE-01492138
 

 

 Sun Lakes Realty Realtor in 55+ Communities

 

             

Follow me on Facebook

 

Follow me on LinkedIn

 

Go to my Blog

 

 

Follow me to Twitter

Google Kristin Hamilton

NAR BPOR Designation

 

Women's Council of Realtors Secretary

Google+ for Kristin Hamilton Realtor 

GREEN Realtor

110 Years Calif Association of Realtors 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
California Riverside County Calimesa
Groups:
Realtors®
The Lounge at Active Rain
Addicted to Active Rain
Bartender, Make it a Double
ActiveRain Challenges
Tags:
calimesa homes
negotiating a deal
loma linda homes
list with kristin hamilton inland empire
calimesa county club
good realtor practices

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,513,934
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Kristin -- you're absolutely right -- sometimes, it's just not meant to be and you just need to move on.   Not always easy....

Apr 28, 2015 05:04 PM #1
Rainmaker
1,250,578
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Kristin Hamilton CA Realtor ... very wise advice.  I've always said that real estate and mortgages are an extremely emotional experience.  Buyers love a home.  Sellers really don't want to sell.  The tension and emotions can run very high in these situations ...

Gene

Apr 29, 2015 12:50 AM #3
Ambassador
1,243,155
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Michael Jacobs 

It is hard to walk away when you are emotionally involved with the house. I want my buyers to love the house but really not emotionally bond until we get under contract. Bust sometimes the buyers find the house first and are already in love.

Apr 29, 2015 02:31 AM #4
Ambassador
1,243,155
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Eugene Andrews 

I thought of one about a horse but not politically correct anymore. Like I said, sometimes you just have to walk away.

Apr 29, 2015 02:44 AM #5
Ambassador
1,243,155
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com 

Many times the client thinks they know more than the agent. If the seller doesn't listen and take their advice, nothing positive will happen unless a miracle happens and they get a full price offer after a year on the market. Doesn't happen very often! I think the sellers might have a need for a certain amount to net.

Apr 29, 2015 02:47 AM #6
Rainmaker
3,249,716
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Kristin

You are right on target . . . .  we have to know our walk a way position in a negotiations.

Good luck and success.

Lou Ludwig

Apr 29, 2015 08:39 AM #7
Rainmaker
1,678,493
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Kristin Hamilton CA Realtor , Every so often we run into the seller that wants to make money on his home (and I don't blame them), but if it is not priced, it won't sell.

Apr 29, 2015 12:27 PM #8
Ambassador
3,124,305
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Walking away when you aren't going to get the price you want, and don't want to pay more, is the only thing to do.

Apr 29, 2015 12:49 PM #9
Rainmaker
1,434,758
Yolanda Cordova-Gilbert
Richmond, TX

Kristin,

 Yes, I agree sometimes you need to walk away..and the same thing I do for lowball offers. I will tell someone we are not the discount builder if you want huge discounts we are not the builder for you if you want quality, service and intergrity then David Weekley is the buyer for you!

Apr 30, 2015 07:32 AM #10
Ambassador
2,329,653
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Kristin and VB also agrees with you on your post 

Apr 30, 2015 01:42 PM #11
Ambassador
1,243,155
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Lou Ludwig ,

Yes, it is a hard concept. Sort of like poker when you are beat on the table, it is time to cash in and leave.

May 16, 2015 04:07 AM #12
Ambassador
1,243,155
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Larry Johnston 

I agree and do not blame the seller but if the market doesn't support that price they need to take it off and wait until prices rise.....or fall sometimes!

May 16, 2015 04:09 AM #13
Ambassador
1,243,155
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Chris Ann Cleland 

And when it is unlikely it will apprase also if a bad indicator if seller is not willing to negotiate.

May 16, 2015 04:10 AM #14
Ambassador
1,243,155
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Yolanda Cordova-Gilbert 

I once worked a short sale and then an investor asked me to represent him which can put you in a difficult place sometimes. At 1 week from closing, the investor demanded the escrow company reduce fees and then he told me I had to give him $550 credit out of my commission or he was canceling. Of course the seller could have fought for the $1000 EMD but then the home would have foreclosed. Investor knew I was in a hard spot so relunctly I agreed so the transaction would close and my seller could walk away. I chose never to work with this investor again and I heard that was his mode of operation on all his transactions. 

May 16, 2015 04:16 AM #15
Ambassador
1,243,155
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Robert (Vegas Bob) Swetz 

How are you doing? Hope you are enjoying nice weather in Vegas? Glad you agree with me too.

May 16, 2015 04:17 AM #16
Ambassador
2,329,653
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Kristin ... VB has been working in San Jose for the last couple months, and the weather in NorCal is great

May 16, 2015 11:40 AM #17
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
1,243,155

Kristin Hamilton CA Realtor

(909) 557-6966- Specialize 55+ Communties Banning
Call Me to Market Your Home
*
*
*
*
Spam prevention

Additional Information