I Turned Down a $MIL Listing!

By
Real Estate Agent with Red Rock Real Estate UT DRE# 6541633-SA00

I Turned Down a $MIL Listing!

 

Recently, I took a phone call from a property owner who was interviewing listing agents. I asked how many professionals did he plan to interview. He said,  "As many as it takes to get the job done." I told him it only takes one experienced professional to achieve the goal.

 

This was my first red flag.

 

He insisted that it was $1 million home (though the purchase price was less than $280K a few years ago). He gave me the address, we hung up and I got to work. After diligently researching, the property was in severe disrepair.

 

It was dated and in extremely poor shape, the wood rotting and pulling away from the structures. The interior photos were reminiscent of the 1990s with floral wall paper, mauve and dusty blue paint on the walls. Though over 7,000 square feet of living space and on a large lot, I failed see his perceived value.

 

Second red flag.

 

In it’s time, it might have been grand but today, it looked tired and worn out. Condition does matter, whether in a brisk market or not. A buyer must see the value in putting a high dollar amount on a property purchase, especially a $MIL home. 

 

I contacted him with my findings. He then insisted on doing all of the negotiations 'to relieve me of that undue stress'. That is part of my responsibilities as an experienced listing agent and an excuse for him to save money for services rendered. 

 

Third red flag.

 

Refusing to take him up on his generous (he thought) listing opportunity, saying, "I know my value", I wished him well and stated, "Perhaps another agent will be happy to list at your price and sell it for you." "I am not that agent!"

 

 

Want a real estate agent that knows the industry and will go to work for you, putting your wants and needs in front of her own? Call me at 435.632.9374 to help because Wanda Can!

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I, Wanda Kubat-Nerdin at Red Rock Real Estate Utah am responsible for my opinions expressed in this blog. Information herein is deemed to be reliable but not guaranteed and may change due to market conditions. Please do not take my pictures or artwork and use them as your own, they are my property and copyrighted.

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Wanda Kubat-Nerdin is a southern Utah REALTOR® assisting buyers and sellers in in the St. George area, Dammeron Valley, Diamond Valley, Veyo, Central, Hurricane, Ivins, La Verkin, Leeds, Santa Clara, and Washington real estate markets.
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Red Rock Real Estate
90 E 100 S, St. George, UT 84770

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Comments (19)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Wanda,

Smart of you to pass on the listing...Sounds like a colossal headache!  

Jun 16, 2021 10:53 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Wanda,  There are times that I walk away from listing if I think I can not sell it for them, they are surprise

 

Jun 16, 2021 10:53 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Miss Wanda Kubat-Nerdin - Wanda Can!

Oh my, those red flags were waving all around. 

I just read a post that quoted someone saying "You need me more than I need you" which is something I think from time to time however I would not say it to anyone.

What you said was professional. courteous and dignified.

Well done! 

Jun 16, 2021 11:52 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

FEATURED IN CRAP-TACULAR

 

Mr. Crappy Says

Flush the Bull Crap!

💩💩

💩

 

Jun 16, 2021 11:54 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

DOUBLE FEATURE

IN CRAP-TACULAR

 

Mr. Crappy Says

With that Much Bull Crap!

💩💩

💩

 

We Need a Plunger

 

And Clean Up!

 

 

Jun 16, 2021 11:57 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

He really talked it up but I have grown wiser since taking on listings that fail to be in line with the puffery of an owner who refuses to value real estate agents! I say next Ron and Alexandra Seigel.

Jun 16, 2021 06:26 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Sometimes the best thing to do is take a pass, Will Hamm

Jun 16, 2021 06:27 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Thank you so much Kathleen Daniels, Probate & Trust Specialist. I enjoyed the conversation until realizing he 'knew it all' and then wanted full control over all aspects of the transaction. Next!

Jun 16, 2021 06:30 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

THANK YOU so much @Kathleen for the FEATURE IN CRAP-TACULAR! Most appreciated and appropriate.

Jun 16, 2021 06:31 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

It really was a load Kathleen Daniels, Probate & Trust Specialist! Glad to be rid of it.

Jun 16, 2021 06:32 PM
Kathleen Daniels, Probate & Trust Specialist

Haha ... indeed a double and triple load.  Miss Wanda Kubat-Nerdin - Wanda Can! 

Jun 17, 2021 08:30 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That definitely seems like a seller that would not be worth working for and I feel bad for the agent that ends up taking the gig.

Jun 17, 2021 05:33 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

That's where experience matters, Wanda! Seeing those red flags and not taking business willy nilly. Of course, since the house was not close to being worth $1million, you really didn't turn down a million dollar listings... so you can feel good about that! :)

Jun 17, 2021 05:37 AM
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Good for you....I turned down a listing this past week too...not worth it!

Jun 17, 2021 06:37 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

It's all about choices Brian England, knowing your worth and clients who respect our effirts. It felt good to say N-O!

Jun 17, 2021 06:46 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

When first starting out in the industry, I did agree to take a few listings that went nowhere because sellers thought more of their property than it's worth. Glad to be beyond that Nina Hollander, Broker. I sell properties, not collect them!

Jun 17, 2021 06:49 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

It's very liberating to decide how we choose to conduct business Kristin Johnston - REALTOR®!

Jun 17, 2021 07:03 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Wanda - I don't know how I missed this when it was originally posted but I did.  Stuff happens and so do red flags.  Occasionally at the same time.  Disaster avoided:  congratulations

Jul 13, 2021 03:02 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Wanda Kubat-Nerdin - Wanda Can! Looking forward to your presentation today on the AR Tuesday Zoom?

Jul 20, 2021 08:22 AM