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It has happened once more.

By William Feela

Real Estate Broker/Owner with WHISPERING PINES REALTY 20398180

November 30, 2018 02:57 AM

And it has happened again.

Hi Bill, We love the house.

WE want to make an offer.

WE will offer them 10% below what they are asking.

Now I have counseled these buyers for several weeks.

I have also told them that their Uncle may be thinking he is helping them but he really is not.

"The market is slowing down so now is a good time to low ball."

I wrote the contract. There was 4 other offers.

The listing agent is a good friend.

He agreed to send a note saying the status of their offer.

Thank You for your offer. Sorry, but it was the only offer below the sellers asking price so they have declined your offer.

My clients were devastated. The home was perfect and would have offered over list also, but...

Buying or selling a home...Make sure the advice you listen to knows is coming from a real professional!

Re-Blog

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James Dray

Fathom Realty - Bentonville, AR

Morning William.

A hard learned lesson for sure. I wonder if they will continue to listen to their Uncle now, or listen to you, the professional?

Nov 30, 2018 03:12 AM

Roy Kelley

Gaithersburg, MD

Sheila Anderson

Referral Group Incorporated - East Brunswick, NJ

The Real Estate Whisperer Who Listens 732-715-1133

Good morning William. Oh how frustrating. I don't miss this kind of behavior.

Nov 30, 2018 03:32 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

There are those, William, who need to lose a good house or two before they "get it" and listen. You don't even need to say "I told you so."

Nov 30, 2018 04:10 AM

Wayne Martin

Wayne M Martin - Chicago, IL

Real Estate Broker - Retired

Good morning William. Good old "know it all" Uncle Louie knows better than anyone else. Let them move in with Uncle Louie! Enjoy your day!

Nov 30, 2018 06:42 AM

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

William, sometimes buyers need to lose one they absolutely love before they GET it.

Nov 30, 2018 06:46 AM

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

William,

So people hear what they want to hear. Perhaps, they will learn and wise up from this experience. A

Nov 30, 2018 12:56 PM

Roy Kelley

Retired - Gaithersburg, MD

Thanks, William, for sharing this experience.

Many prospective purchasers make this kind of mistake.

Nov 30, 2018 06:25 PM

Vern Eaton

Askov, MN

Realtor 651-674-7449

A lesson learned the hard way. I run into this stuff a lot in my rural area

Dec 01, 2018 07:46 AM

Chris Ann Cleland

Long and Foster Real Estate - Gainesville, VA

Associate Broker, Bristow, VA

Saw this when Vern Eaton reblogged. What a shame. They lost a home they wanted for following foolish advice of an uncle.

Dec 01, 2018 11:27 AM

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

Some buyers need to lose two or three homes before they realize what it will take. Sellers are still getting strong prices.

Dec 01, 2018 07:53 PM

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Sadly, too many folks believe their uncle and not their Realtor. Maybe their uncle can now buy them a home.

Dec 03, 2018 07:34 AM

It has happened once more.

Comments(11)

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