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!