Last January I took a call from buyers looking for a home in Canyon Creek. They knew I listed and sold many properties in Canyon Creek therefore wanted to reach out to me. They saw on-line a new listing and wanted to see it.
I quickly made an appointment and showed it to them. It was an outstanding property, updated, with a pool and located in a quiet cul-de-sac. I knew it would receive lots of interest and offers. They wanted to make an offer but in their mind they felt certain property values were not going up but down (??). They wished to offer $30,000 less and reduce my commission. I explained the market, showed them comparable sold properties and pointed out the market was on the incline not decline. I explained I’m a full service agent and don’t discount my commission. They finally agreed to writing an offer for $7,000 less than asking which I told them would not be accepted but I would write it and submit.
I emailed the offer to the listing agent and just as I thought they had 3 other offers. I let the buyers know and they said they wanted me to rescind their offer because they felt I talked them into making an offer too high (??).
I followed their instructions and made a business decision I could not represent these buyers. When the house sold for $7,000 over asking price. I emailed, let them know and wished them good luck in their search for a home in Canyon Creek.
They found an agent who agreed to represent them for 1% and made offers on my listings during the spring and summer. Each time coming in as one of the lowest and not securing a home. Finally upon making a great over list offer on one of my listings they found themselves the winners of a home in Canyon Creek! After inspections they tried to recoup their over list offer by asking for an unreasonable number of repairs. My seller would not agree to their demands. It came down to the wire, but they accepted what my sellers were willing to repair, which was reasonable.
I was so thankful I cut these buyers loose last January. The buyer’s agent was run ragged for 7 months and all for 1%! The frustration and migraines the agent underwent was real.
Why am I thankful for making a business decision not to represent them?
Time is not well spent working with clients that do not value my expertise
- I always make my clients a priority and expect the same in return.
- I work hard for my clients and do not discount my commission. I feel my value added experience is worth the commission I charge and am thankful many clients agree.
- It is not fair to my other clients to dilute my time with clients who are not respectful of my commitments.
- My belief in “what goes around, comes around” was strengthen by letting these clients go.