Is there such thing as a BAD OFFER?

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

We are all told an offer starts the selling process. That there is no such thing as a bad offer. Well my friends, this week I saw just that... a BAD offer on my new Manchester NH area home listing.

 

So as I sat in my new portable Rocking Chair at an impromptu Brokers Open house, a local agent came in with her buyer. She showed them the home and they were very interested. It was a home the seller was remodeling. He was open to customizing any part of the remodel that was not complete. The buyer had specific needs and wants. They went over price, renovations, upgrades, things he can skip and came up with a price. By now the builder was back to check on the open house. He went over everything with buyer and their agent. The buyer agent was to go back and type it up as written. We each kept a set of notes.

 

The following day her offer came in. The buyer asked for a huge discount in price and added another page of demands they wanted done. When the seller saw it, he said it was not only bad, he would not use the paper it was written on to train his puppy. The buyer agents response was "it was worth a try." Was it?

 

The seller countered.... because I have all my sellers counter all offers no matter how bad. He made two counter offers. One with a price for all the extras. The second crossing out the extras and just what we discussed and agreed to the following day. He gave the buyer 1 hour to decide before his workers arrived and they would finish the home as originally planned. The price would be much higher. We await the answer?????

 

 

The moral of the story is BAD OFFERS come in all colors and sizes. There is no need for them in this market. Most often low ball offers or offers that do not include a pre qual letter or deposit. Some look like they  written by a child and no offense to children. 

 

There is a difference from agent to agent.  That a Buyer or Seller should not choose just any agent, choose the BEST agent for the job. My philosophy is simple, provide more personal and professional service to guide my clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. Those that hire me, find a dedication like no other.

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

 

 

We stand by you through every step in selling your home
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Rainmaker
2,723,884
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Scott... I've always considered any offer just a door opening for negotiations. Sometimes that door won't open all the way, but it's always worth a try. I remember a listing where we (politely) told the buyer to go away at least three, maybe four times... he finally came back with an offer my sellers could live with.

Dec 06, 2018 05:58 AM #1
Rainmaker
3,282,502
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Scott. There are bad offers, made without thought and insulting common sense.

Dec 06, 2018 06:11 AM #2
Rainmaker
4,608,217
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Scott Godzyk no offer is a "bad offer".... it may not be acceptable, but it's an offer, and it MIGHT be negotiable to a point of acceptability....never assume it won't....

Dec 06, 2018 06:25 AM #3
Rainmaker
1,014,799
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

It depends on the market as to whether this old adage of there being no such thing as a bad offer is true...in a robust market, the poorly constructed offer will not win the day and quite often, there is no opportunity for a counter offer because the sellers have moved on.  

Dec 06, 2018 06:46 AM #4
Rainmaker
3,855,865
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have seen a few bad offers. Most are just fishing to see what the sellers may do

Dec 06, 2018 07:09 AM #5
Rainmaker
1,425,074
Bob "RealMan" Timm
Tivoli Custom Homes - Minot, ND
Bob Timm, Project Coordinator for Tivoli Homes

I have absolutely had bad offers Scott Godzyk especially during our oil boom. Offers like Contract for deed with no money down, a bargain price, and they wanted all the furnishings... this during the oil boom when housing was very short and properties were at their prime value.

Dec 06, 2018 08:40 AM #6
Rainmaker
2,326,495
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

To me, a bad offer is one that won't stand up to competition from other incoming offers, and freezes the buyer out.

Dec 06, 2018 02:16 PM #7
Ambassador
3,584,138
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Scott- three's nothing like insulting a seller before you have a chance to get the house. 

Dec 06, 2018 03:56 PM #8
Rainmaker
1,452,598
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

OK Scott - we're all waiting. What happened?

Did the buyers accept one of the counters? Did they counter back? Did they fade off into the sunset?

I'm thinking about the term "bad offer" and thinking "Only from the buyer side." A bad offer is one that gives them no chance of negotiating with the seller and coming to a meeting of the minds.

From the seller's side there are no "bad" offers - only unacceptable offers.

Dec 06, 2018 07:44 PM #9
Rainmaker
2,964,790
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Scott, Like you I believe in responding to all offers...here in Los Angeles you have to have about 30+ pages, proof of funds and tons of disclosures to submit an offer.... it takes one page to respond.... Endre

Dec 06, 2018 11:06 PM #10
Rainmaker
471,837
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

I feel the buyer was being deceptive--to the owner of the home and the buyer agent. Why go through all that extra cusomization, pretend both parties agree and then ask for a discount?  That buyer has unrealistic expectations. 

Dec 10, 2018 08:14 AM #11
Rainmaker
373,377
John Wiley
Right Move Real Estate Group- EXP Realty - Fort Myers, FL
Lee County, FL Real Estate GRI, SRES,GREEN,PSA

There are market conditions that will eliminate the buyer who comes in so low.

There may not be time to move them up to an acceptable point.

Using a knowledgeable professional is really important for all buyers.

Dec 17, 2018 03:55 PM #12
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