Real estate listing agents receive offers both verbal and written for vacant land. Sometimes buyers when making an offer fail to remember there are both positive and negative results.
Many will immediately understand the positive results such as satisfied sellers, ecstatic buyers and grateful professional real estate agents. Yet, the negative unintended results are often ignored.
For example, just yesterday I received a verbal “low ball” offer for a fully improved vacant land listing. This over 2 acre parcel had:
- A 4-bedroom septic installed with concrete holding tank
- Fully fenced with horse fencing
- Underground electric
- RV hookups
- Custom lighted gate
- Additional truck gate Cleared and leveled lot
- Road access is good being less than a half mile from a county maintained dirt road
This property is priced competitively given all the improvements.
As I am required to advise my seller of all offers. I called the seller and prefixed the call with please not do be upset. I then shared the verbal offer that was nearly 40% off the asking price for this improved vacant land parcel along with a 60 day contingency.
The seller was rightly insulted and was upset for the buyer’s agent even presenting the verbal offer. I shared with the seller as I must present all offers both verbal and written so must the buyer’s agent. This low ball offer was initiated by the buyer and the buyer's agent had to present the verbal offer.
The unintended results of this low ball vacant land offer were:
- The Seller was insulted
- The Seller may not even entertain a future offer from this buyer as distrust has been established
- The Seller if an offer is presented by the buyer’s agent may not trust or have other negative feelings toward this professional real estate agent
Real estate offers do have unintended results. Even with the best guidance from buyer’s agents who may share these unintended results, there are buyers who believe they know best. Their actions may place professional real estate agents in very uncomfortable situations. If the buyer continues with such offers, he, she or they may be fired by the buyer's agent. In this instance, I could tell the buyer’s agent was very uncomfortable in presenting this verbal offer.
My suggestion is for vacant land buyers to remember when making an offer on vacant land there may be unintended results.
P.S. Please consider checking out my Facebook business page, The Grit and Gratitude Agent that will focus on the Dirt Roads in Mohave County as well local real estate, lots of dirt or vacant land parcels as some of the local attractions.
#LetsGetBackToRealConversations #WeDoThingsDifferently #BuyerEducation #RealEstateGuidance #LandOfferPocess #ArizonaRealEstate #TheHelpfulAgent #GoldenValleyAZHomesAndLand #KingmanHomesAndLand
Leanne M Smith, The Grit and Gratitude Agent Who Goes the Extra Mile Because Life Begins Where the Pavement Ends.
Feature Photo Courtesy of Leanne M Smith and not the property identified in this blog.
Any reproduction of Leanne M Smith’s blog for use by any AI or GAI, distribution or reproduction including but not limited to electronic newsletters e.g. PDF’s Internet sites or physical products e.g. newspapers, CDs without prior written permission and consent by me, Leanne M. Smith (Leanne Hoagland-Smith) is strictly prohibited.
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