Why Your Limp Offer Won't Fly High In A Viagra Market

Some people just don't get it and probably never will, haha.  I like having fun with those types of people, haha.

I often wonder .... is it the agent not doing their job? OR the buyer just wants to be a bonehead since he knows the market is brisk?

It's like going into Macy's & saying you only want to pay for 40% of that sweater. Is that going to work? Nope. 

There is little room for negotiation right now. As you mention, read the market. Highest and best. 

Hands down the best title I have seen for a blog. 

Was it hard to come up with?   

I always encourage Buyers to come in with a rock solid and firm offer...

but some Buyers really try to give the Sellers the shaft and stick it to them...and...as most of us know... their low-ball soft approach usually leaves them rejected...dejected...and holding the bag.  

Hello Candice - even when the ball is in your court, not understanding how the "other side" may react is simply nuts.

It's an insecure buyer's agent who will make a lowball offer because their buyer insists and then is surprised that no response is forthcoming.  But knowing that some buyers are just insistent enough to make their agent do this, but will go higher, I tell my sellers not to just dismiss that offer.  Work the offer.  But this only works when there are no multiple offers, of course.  Some homes are just harder to sell. 

last time an agent "demanded" a counter from a seller the seller wrote with a red sharpie "won't counter this crap" and I scanned and emailed it back.

You do have a way with words. Great title, great post!

I've never heard that expression before. "Viagra market," It's a good one for sure! Sometimes, you have to go big lol

Awesome post! So very true and I love your title! :)

On a recent listing, I had an offer come in only in email form.  The agent was insistent that I take this offer to my client.  It was a full $100,000 lower than the second lowest contract.  My seller laughed and I respectfully said no.  Of course, that was not the end of it.  The buyer's agent still pestered me.  There were so many red flags, I would have advised against this buyer even if he was the highest offer because it would not have been the best offer. 

BTW-I can remember an electrical plate just like the one pictured in my parent's house when I was a kid.  The only difference, the guy on our plate was rather portly. It sure did get a lot of attention!

BUYERS: Best offer right up front or kick yourself in the rear. I bet the amount of prescription's for Viagra went up with this post Candice! LOL

I have a couple of buyers that still haven't gotten the hint even though I have been hitting them on the head with the details.  It does get frustrating

Great title that pretty well captures what the market is like and how some buyers may be responding. When you are up against 15-20 offers there's only 1 way to play. It's clear who is in the power seat these days.

Some buyers think they know more than their agents--they absolutely refuse to think the market is as demanding as it is and "won't play those games".  They learn pretty fast--or they just don't buy a house.

Thanks for sharing Candice!

You are not entitled to a counter, or a response AT ALL. There's a reason for the 'drop dead time for response' provision in the Contract.

Your agent should be analyzing and recommending a strategy to make a sensible deal.

Great title to get attention. This is a crazy market and it isn't for the weak at heart. Some people are finding they're willing to take more risk than they ever thought they would.

Fun blog today - thanks.  Fully deserving of the flag at Half-Mast. ;)

When I get a low ball offer like that, I ask the other agent to show me their comps to show me what I missed.  I have yet to change my position even splitting the difference 75/25 in my favor.

LOVE the title! Great information and advice.

We had a light switch plate like that (without the Viagra branding) in our first home. It was the switch for the basement light so not in full view. LOL

Candice, I am done with a buyer that wants to offer 75cent on the dollar on a property, never going to happen.