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Have You Considered Leaving It For the Buyers?

By
Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

Have You Considered Leaving It For the Buyers?

The Bristow/Gainesville real estate market is on fire.  Can you imagine a townhouse getting forty-five offers?  Happened this part weekend.  My buyer clients happened to be part of the madness.  It's so hard to be competitive in this seller's market.  Buyers are having to let go of every  contingency and shoot  seven to ten percent higher than list price just to be chosen.  It's exhausting to be part of it, no matter what side of the deal you are on.

As I waited to hear back on the offer my buyers made, I spent part of my morning looking through Facebook.  One post in particular made me angry.  A home seller advertising a gorgeous, free standing island with granite top that they had purchased two weeks ago.  I imagine they bought it to make the kitchen look amazing.   Now they wanted the money back and were advertising it online.

Why didn't they just leave it for the buyer?

Maybe some sellers have no idea exactly how hard it is to get under contract, or how much buyers are giving up to be the winning bid.  I'm sure the buyer on her home, gauging solely from the look of her kitchen, practically had to donate a bodily organ to be the chosen offer?  Where's the good will?   

I suppose she may have gone to the buyers first and asked for cash for the island.  (Don't get me started on the practice of wanting cash for every little thing in the home.)  And the buyers, having spent every penny they had to get under contract to purchase the home, probably had nothing left to give.  

Note to self, if I write an offer for a buyer on a home with a free standing island, make sure it conveys in the contract.  An entitled, selfish seller may very well try to sell it away from the very home that probably sold for tens of thousands higher than a reasonable list price. Of course, in this market, that conveyance request may kick it to the bottom of the pile.  (sigh)

Now more than ever I truly appreciate when my buyers get to work with generous sellers.  There are still those who realize how truly blessed they are to be selling in a seller's market and not looking to nickel and dime their buyers.

  

Comments(12)

Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Chris Ann - the recently purchased kitchen island for sale makes me wonder if the motivation is something more than greed?  I dunno...the wondering continues...  

Mar 15, 2021 06:46 PM
Chris Ann Cleland

It's possible there is another motivation, but when buyers are giving up everything to get into a home and paying so much above ask, why not just leave it?

Mar 16, 2021 03:23 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Chris Ann - you are so right - I am trying to get homes for my buyers .... to no avail in many cases - UGH is right

Mar 15, 2021 08:01 PM
Chris Ann Cleland

It's such a frenzied market...and there are sellers, shameless about cashing out every dime.

Mar 16, 2021 03:38 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Chris Ann... no doubt it's a stressful market for our buyers and by extension for us. Getting one's offer accepted can be so random, regardless of how good it is. As to answering your question... I long ago realized I just can't figure out what people think and why they do what they do.

Mar 16, 2021 04:33 AM
Chris Ann Cleland

By contrast to this seller and her island, I have two sellers right now whose buyers had information only inspections and they want the report to see if they can make improvements to the house for their buyers.  

Mar 16, 2021 03:39 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Chris Ann. This is not the time for the greedy to wring the sponge one more time. They may end up losing. Enjoy your day.

Mar 16, 2021 05:06 AM
Chris Ann Cleland

I wholeheartedly agree.

Mar 16, 2021 03:40 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

It is a stressful time for buyers. It would be great if they were given the option to keep that island, but perhaps there's more to the seller's story.

Mar 16, 2021 05:59 AM
Chris Ann Cleland

I would certainly like to think there is more to her story, but if she had the cash to buy it to begin with, I doubt it.

Mar 16, 2021 03:40 PM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Colorado Broker / Referral Services

Crazy times dictates crazy activity, real estate is no exception. Sellers have become very greedy over the last 4 yrs, since the lack of inventory created higher inflation of home values due to desperate buyers.  This work table would have been a great incentive for homebuyers, in other markets than today’s environment.  We need to impress upon our Sellers to have a more gratitude attitude in this process. Remember, it goes for all parties, too.  Less listing commissions, coop commissions towards buyers closing costs, opportunities to acquire home warranties for both clients... share the good blessings for all to enjoy

Mar 16, 2021 06:42 AM
Chris Ann Cleland

That's how my own listing clients tend to be, but birds of a feather stick together, right?

Mar 16, 2021 03:41 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

It's crappy crazy what buyers and their agents are going through, and what buyers need to do to stand a chance of getting their offer accepted. I have not worked with buyers in years.  However, I am working with one couple in the $3M price range. The homes are selling for $500,000 above list, with no continencies and in many cases, the sellers get 60 days free "rent" back. 

Being on the listing side is no picnic either. These are challenging times for certain. So much more time and energy are invested in all that we do.  

Here's to better days ahead! 

Mar 16, 2021 08:57 AM
Chris Ann Cleland

Being a listing agent right now is super stressful as well.

Mar 16, 2021 03:42 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

FEATURED IN CRAP-TACULAR

 

Thankfully the Crappy Conveys

💩💩

💩

Mar 16, 2021 08:59 AM
Chris Ann Cleland

Thanks for the feature in your group!

Mar 16, 2021 03:42 PM
Andrea Bedard
Thompson Company, REALTORS® 240.593.2860 - Silver Spring, MD
Fluent in Real Estate & German, M.A. ABR ASP CIPS

There are still sellers out there who are considerate, kind, and understanding. I've worked with a few who left gardening equipment behind, or entire bedroom sets. First-time buyers especially are super appreciative of any extra (not the junk though ;)

But I have experienced some questionable, inconsiderate and rude behavior as well.  

Mar 16, 2021 10:34 AM
Chris Ann Cleland

Sellers have always tended toward the generous the closer it gets to moving time.  Junk included.  However, if you needed a island to make your kitchen pop, just freakin' leave it!

Mar 16, 2021 03:43 PM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Hi Chris Ann it is tough for buyers to win a bid amongst so many offers. Buyers agents have their work cut out for them. So far this year I haven't run into greedy sellers. But the year is young. All of our offers are over list and that goes for both buyers and sellers.

Mar 16, 2021 03:03 PM
Anna "Banana" Kruchten

I so agree Chris Ann. 

Mar 16, 2021 04:15 PM
Chris Ann Cleland

My sellers have been so generous, as they realize that they are making silly money right now.  Don't jinx it and be greedy.

Mar 16, 2021 03:44 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good evening Chris. Yeah sometimes you just have to scratch your head and wonder.

Mar 16, 2021 06:53 PM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

Not sure why people don't act with a gracious and giving heart at times. It's difficult to know what goes on in people's minds. I do think many sellers have plenty of reasons to feel grateful right now. Sharing some of that with a bit of generosity would be preferable. 

Mar 20, 2021 07:55 AM