The Hardest Part is Patience

By
Real Estate Agent with United Real Estate TX #0552717

Setting expectations is such an important part of the home purchase process. Finding the right home is such a small part of the journey.

I have buyers who found the right home, made an offer, and received a counter offer within Clockhours. They decided to walk away. We looked at more homes and eventually came back to the one they had made the offer on.

The buyers increased their initial offer, but not up to the level of the seller's counter. And now we wait. It's been almost 20 hours and I know they're itching for an answer. I gave the listing agent excellent reasons why this offer is more than fair - for starters, there's a comparable sale in the same subdivision where that house has so much in common with the one my buyers hope to purchase. And their favorite house has now had two weekend's worth of exposure with no other offers. The comparable house was on the market for 5 months! Their offer is solid, with a sales price (and price per square foot) higher than the similar house with the similar back yard view; their lender's pre-approval is strong; they're looking for a quick close; and they're asking for a short inspection period. But still we wait.

I'm sure the listing agent is presenting all the reasons why the seller should say "yes" to this offer. And that takes time. I hope I have adequately prepared the buyers that a slow acceptance is better than a fast rejection.

Posted by

Lorrie Semler, e-PRO, GRI, SRES, CPRES, CRS
Addison Resident/Addison Specialist                                                      Subscribe Button
Real Service. Real Results. Real Estate.
United Real Estate
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Award for Best Residential Real Estate Agent.     

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Rainmaker
3,463,306
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Agreed, Lorrie... a slow acceptance is sooo much better than a fast rejection. For many years I've said that if this business taught me anything is that I have reserves of patience I never knew I had!

Apr 14, 2019 11:51 AM #1
Rainer
65,052
Leif Price
Chirpy Home - Portland, OR
Blogger at Chirpy Home

Rushing leads you to nowhere. Waiting for the right time is key in this business.

Apr 14, 2019 06:21 PM #2
Rainmaker
4,339,575
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lorrie, the waiting is the worst for both buyer and the agent!   Sure hope they got the deal!

Apr 20, 2019 06:13 PM #3
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Rainmaker
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Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

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