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Chutzpah

By
Real Estate Agent with South Bay Brokers

The Jews, of which I am one, developed this weird language in late 1800's Europe called Yiddish, which is spoken in a strange dialect of German but written in Hebrew. It is such an expressive language that many of its words have made it into the American lexicon, propagated mainly by Jewish comedians. So when I say this buyer had real "chutzpah" I mean he had the gull or the audacity to low ball me that much! The house is listed for 2mil, he originally made an offer for 1.7 and was ooched up to 1.75 but my seller held out for 1.775. He walked away. About 2 weeks later I get an offer for 1.75 from another buyer and my seller is tired of the game and is ready to be real. So I call the first buyer's agent and tell him about the offer and that the seller is ready to swim and maybe his buyer would like to jump in the pool cause the water is warm. I get an email from the agent in which the buyer instructs him to offer 1.5. This is a gorgeous 2-year-old Mediterranean on a large lot with over 4000 sq. ft., which 2 yrs ago would have gone for 2.4! Is the market really that bad or is this real chutzpah? I think it's chutzpah but you tell me! BTW, still negotiating with the first buyer...not looking good.

Mori Biener, GRI,CRS

South Bay Brokers

Mr. Neighborhood of the South Bay

310-418-9188

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Rick Sergison
Keller Williams Real Estate Associates in the Toronto Area - Toronto, ON

It may be chutzpah, but in a Buyers' market, the Buyer is King! (and this one obviously knows it)

Jan 27, 2009 04:30 PM
Pat Tasker
Shorewest Realtors - Germantown, WI
Your Milwaukee Metro Area Agent (WI)

They are listening to the news  and think they can write anything these days....the media doesn't say that if a home has a good listing agent, it is ALREADY PRICED TO THE MARKET PRICES OF THE DAY!!!

Jan 27, 2009 04:37 PM
Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Mori, I agree, that is something.  I guess that the buyer "bought into" the media induced belief that every seller is in a desperate state.

Jan 27, 2009 05:47 PM
Martin E. Kalisker, Esq.
Natick, MA
Real Estate Law From A Practical Perspective

As the listing agent, what was your purpose to call the buyer who did not have an offer on the table.  Was it to drive up the offer price?  I would have focused on the $1.75 offer and gotten the deal done!  Your seller's unwillingness to negotiate with the first buyer is irrelevant.  I hope that he accepted the second offer!

Jan 27, 2009 09:56 PM
Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

I love this country!

where an expression like chutzpah can be put next to "La Vida Loca" and we can still understand each other.

Jan 27, 2009 10:01 PM
Keith Kyle
South Bay Brokers - Redondo Beach, CA

Ahh....welcome to the wonderful world of online real estate Mr. Neighborhood. 

Feb 02, 2009 07:18 AM