When a Home Expires, and your Buyer Wants It!

By
Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

 

In November, I showed a home to one of my investors, they wrote, and "heard" there were multiple offers, but the home was taken off the market, and the Seller decided to wait until the spring, and maybe she can get her desired price.

 

My investor wanted me to contact either the agent or the Seller to see if by chance she would want to sell, and leave anything she wanted.   She is a hoarder, and could not see the floor, get out the slider to the deck, etc.  I found a few emails, so started by email, but after a couple of days, had no answer.  Found a cell and a home phone, so I called and made a verbal offer and assured her there would be a written offer to follow if she agreed.

 

While listed, had spoken to the listing agent, and he said Zillow had been by before they discontinued buying homes, and offered her $100,000 more than he thought it would sell for.   (no wonder they got out of the buying business)

 

This same mentality has changed, as when she answered her cell, she was quite upset, and said she wouldn't take more than what Zillow had offered, and will be listing in the near future.

 

Will Zillow's original offer taint her to be able to see the reality?

 

 

Posted by

Joan Cox
Broker/Owner, REALTOR®
House to Home, Inc.

Serving the Denver Metro area including all suburbs


Helping Buyers and Sellers achieve their real estate dreams, one house at a time!

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Comments (20)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Joan - that really makes no sense that Zillow would offer 100,000 more.  Zillow makes you think they have pie in the sky.

Jan 25, 2022 06:41 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Grant, there were offering WAY over fair market value, and no wonder they decided to get out.  They were not seeing their money when they resold.

Jan 25, 2022 06:46 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Joan - your post is providing me with a 40-Year Musical Flashback when you use word that I rarely hear today.  Is it Tainted Love or something else?  Maybe Soft Cell has the answer.  

Jan 25, 2022 06:47 AM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Guess it completed for you. Have a nice week....Join me on Facebook and see my many photos

Jan 25, 2022 07:10 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Joan Cox - I wonder why that agent didn't jump on that offer at the time it was made.    Getting back to your question, it will probably color her decision as to where that house should be positioned.  Most definitely! 

Jan 25, 2022 07:24 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael Jacobs have to say, wasn't thinking of the song, when she told me she wanted a $100K more than what my buyer was offering.   Was wondering how loud my buyer would laugh when I told him!  

Jan 25, 2022 07:24 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks Eric.

Jan 25, 2022 07:25 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheri Sperry - MCNE® when it was listed the agent said she was "tainted" and may not be swayed by any offers unless they got close.  He was right.   If I were him, would not relist when she calls.   It may be a futile effort! 

Jan 25, 2022 07:26 AM
Tony Busanich
TD Bank - Freehold, NJ
1-4 FAMILY HOME LOAN SPECIALIST

Hi Joan Cox, thank you for sharing this great post. Not sure why people believe everything on the internet. Wish you all the best. 

Jan 25, 2022 08:18 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Zillow has had trouble down here in the Valley and has suspended buying homes.  Poor model they had been working with.  We made it to Taco Tuesday, so all that is left is to decide soft or Hard?  Bill 

 

Jan 25, 2022 08:39 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks, Joan, for sharing this story.

There will never be a shortage of unrealistic perceptions.

Jan 25, 2022 09:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

My answer, Joan... probably. Okay, not probably... definitely. This seller now has this number locked in her head.

Jan 25, 2022 10:20 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Tony, I think if Zillow had actually SEEN her home, that would not have been the price offered.   

Jan 25, 2022 10:59 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Bill, it is a cold and snowy day here in Denver, making Chicken Soup!    Zillow suspended buying homes all over I believe.

Jan 25, 2022 11:00 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Roy Kelley great way to put it, and so TRUE!

Jan 25, 2022 11:01 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina Hollander, Broker until she can "come down to reality", she will be a tough seller.  

Jan 25, 2022 11:01 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I had three such successful transactions in the last two years Joan. I hope you had a great Tuesday 🙂

Jan 25, 2022 09:11 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That sounds like an interesting situation and I wonder why she didn't take the offer from zillow if they were offering her $100K more than anyone else was.

Jan 26, 2022 04:52 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Paul, I keep trying, one day it will work!  

Jan 26, 2022 06:47 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian England this was in November and believe Zillow pulled out of buying home shortly after they gave her this amount.

Jan 26, 2022 06:47 AM