Its not a get greedy market

By
Real Estate Agent with RETIRED 200305001

Its a Sellers market,not a get greedy market. There is a difference.

I am frustrated at the number of Sellers I have had lately that don't know the difference and would rather listen to others than my advice. I have one that is on its third pending and I doubt it will make appraisal.  I talked alot upfront about comps and was blown off. To make matters worse the first deal was a great one and then the greed. The greed was wanting the Buyers to pay for part of a "used up" 26 year  old roof that needed replaced to make the loan go through.

I have more stories like this in the last couple months, but mentioning them will sound more like a rant than a blog.

In all cases they wonder why we don't have a deal? Your thoughts?

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Rob Shepherd -  ABR, GRI, REALTORS® for Florence Oregon Real Estate
Expert in helping those buy or sell Florence Oregon property and retire in Oregon. Call me anytime or visit my website for local listings and information on Florence Oregon.
Email: mr.listit@gmail.com 541-991-0607

Comments (9)

Michele Cadogan 917-861-9166
Fillmore Real Estate 2990 Av U, Bklyn , NY 11229 - Brooklyn, NY
Licensed Real Estate Associate Broker -

I feel your pain - some sellers believe that because there is a shortage in inventory that  the  "market"  "appraisals" will catchup to their price.  After a while,  simply run the numbers and decide if it may be best to walk away .  Think of the man hours spent vs your return. 

Jun 13, 2016 12:09 PM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Unless it is a cash sale, it must appraise.

Jun 13, 2016 12:40 PM
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Bob, Some sellers don't understand. They can be their own worst enemies if they believe unreliable or out of area sources.  Best of luck with your sales. 

Jun 13, 2016 04:09 PM
Peter den Boer
Atlanta Communities - Woodstock, GA
MBA,GRI, Associate Broker, Realtor

But golly, Zillow said it was worth much more! And we all know they are the best source for info.

Jun 13, 2016 10:29 PM
Rob D. Shepherd
RETIRED - Florence, OR
RETIRED

Michele: That's what I'm thinking.

Fred:  Cash buyers do NOT over pay thats why they still have cash!

Dan: An armchair quarter back from another state in this case.

Peter: The Zestimates are a great help. NOT

Jun 13, 2016 11:02 PM
Retired from ActiveRain
Baker, OR

The sellers must not have a hard timeline for where they'll be moving to if they're able to try to squeeze every last penny out of the buyer and risk having the deal fall through.  It can be very frustrating when you're the one doing a lot of the work.

Jun 14, 2016 01:42 AM
Rob D. Shepherd
RETIRED - Florence, OR
RETIRED

Rick. Frustrating is NOT the "F" word I am thinking.

Jun 14, 2016 04:31 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 I really enjoy your down to earth blog post and this one really it's a nerve.  I am dealing with the same situation Rob D. Shepherd 

Jun 15, 2016 02:34 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Yes....the Sellers always believe that they set the price...until they don't !

Jun 21, 2016 10:46 PM