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What is the WORST way a Buyer can lose out on their dream home?

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

With a new listing that saw 12 showings the first day, only 1 offer was going to be accepted. Therefore there would be many upset buyers. BUT lets look why their offers were not accepted.

 

There were the standard offers just plainly too low. With that many showings the property was selling at or above the asking price.

 

That the offer was submitted without any pre qual or pre approval letter. Sorry, we just do not know if you can get a mortgage.

 

The top reason that gets the "Most outlandish" reason is that the buyer agent did not have time to type their offer for them. They have another job you know. The buyer lost out because their offer never got submitted. 

 

 

I do not mean to make light of this. But if you are a buyer, and you lost out on your dream home, this is a serious matter. Buyers need to make better choices when hiring an agent. One that is full time and full service standing by their buyer through out every step of buying. That means not just showing, but writing the offer, getting it signed and presented to the listing agent. 

 

In the end, my seller was happy I had told them this could happen. They did not believe it would, but were ready. The sellers want to get as many buyers in as they can. But they still live there and have babies.  They let us in all day, and with a nights notice can push showing time to 7ish, but to just show up, does not work.  

 

 

The lesson and my infamous message is do not hire just anyone to list you home. Do not just hire the biggest company or agent. Take time to hire the BEST agent. The way I do business is to offer some of the best possible personal and professional service. To stand by them through each step of the buying and selling process. Let me show you the right agent CAN make a difference. 

 

 

 

 

 

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 32 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. 

 

    

Comments (17)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Scott. The time to act is now, no excuses! Enjoy your day!

Sep 19, 2019 05:44 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Good morning, Scott - you're right there will be only one buyer.  If someone wants to purchase a home, they need to understand the concept of homebuying.  It's not always a simple diagnosis of "snoozing and losing" but a combination of things that go wrong.  When it comes to Manchester area real estate, you fully understand how sellers and buyers can succeed in any market.  

Sep 19, 2019 05:47 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

All of that is a result of very poor training.... those are the broker/owners who shut down when the market tanks....

Sep 19, 2019 05:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Holy smokes, Scott! No time to type up an offer? That's about as egregious an excuse as I've heard yet!

Sep 19, 2019 06:17 AM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Scott. So i am guessing the agen who just stopped by after 7 wasn't the winner.

Sep 19, 2019 06:23 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

hi Scott- this was the house with the peeping tom buyer's agent, right?  Buying a home is serious business and it calls for working with the very best local agent in town. 

Sep 19, 2019 11:10 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Hire the best first!! Experience does matter when it comes to having top notch agent in the buying or selling of homes! And too lose out because the agent didn't have time to write up your offer - not ok.

Sep 19, 2019 04:14 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

In a strong seller market, a house that is desireable and getting loads of buyer attention, is very likely to garner really strong offers from anyone serious in buying it.  It's no time to come in weak, and trying to lowball on price as well.  Sometimes a buyer will need to lose a home or two before they learn that!

Sep 19, 2019 07:04 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Scott, on having this blog FEATURED in the Old Farts Club group!  

Sep 19, 2019 07:05 PM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

That is the bottom line Wayne Martin 

Sep 20, 2019 05:10 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Thank you for the comment and kind words Michael Jacobs 

Sep 20, 2019 05:11 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

That is exactly right Barbara Todaro 

Sep 20, 2019 05:11 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Exactly Nina Hollander , when a buyer sayd they want to make an offer i stop everything and get that offer in. 

Sep 20, 2019 05:12 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

She was not the winner Sheila Anderson , but did call a dozen or so times after to check if it was back on the market. I think they realized their error or got a wrath from the buyer

Sep 20, 2019 05:13 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It does does not cease to amaze me the things that go on Kathy Streib , it is not easy to do it right the first time, but there is too many who cant see that

Sep 20, 2019 05:14 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Exactly Anna Banana Kruchten CRB, CRS 602-380-4886 

Sep 20, 2019 05:15 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Thank you for the honor Myrl Jeffcoat 

Sep 20, 2019 05:15 AM