Maine Real Estate For Sale !

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The Offer Was Sooooo Low....But YUP...They Really Want It.....

Here's a real estate list and sell scenario...the property buyer who has been looking for six years but can't find anything he likes stumbles on to your website.

Visits your burg. Scopes out any new listings. The ones he has not already watched each and every real estate video of roughly ten times or more. The logs bear out that virtual traffic through the place during and after office hours. Rugs still look great though. Nothing disturbed in the home either. From all that all hours, open house on demand in and out. The be kind and rewind re-tours of the listing, the local area events for new to these surroundings happen round the clock. fixing repairing 1955 chevy photo

After exhaustive return trips to property with hundreds of tradesmen, the buyer makes a property offer. With conservatively 3500 things that this property buyer does not like about the place.

The property offer is a quarter of the listing price.

The buyer is looking to fix the wondering how much wiggle room there is, the dive to the bottom line in one fell swoop. The grenade offer does just that and then some.

The property which has a fair price for the listing already hanging off it. Written in easy to read red block tag letters circling the MLS carousel waiting for pick up. The taxi... get me to a closing on time process to begin.

It is not from lack of resources to purchase the real estate that make the low ball offer necessary. Not the only option or case of would you consider only this much the ploy. Because this is all I have (pulling out empty pockets and looking poor as a church mouse gesture.) 

The guy deserves an Academy Award, Oscar. Some statue with a plaque for the performance.

we need a home photoNo no...he has the money, the property is worth it and to get the place cheaper (buyer thinks) he spells out everything under the sun.

That make the property listing  Kryptonite to him.

To let the seller think he is some kind of lucky. To find someone for this out on the limb seller.

That despite all that is wrong with the property, he will do the honorable thing.

Giving impression he is the only one in the entire universe that will ever step forward in this lifetime. That will come along to do so.

Willing to take  the place off his hands today for this much cash on the barrel head. Or with a down to the floor unrolled list . Of contingencies tied to the low ball offer. To the point that prompts Joe Broker to pleasantly ask, slightly amused doing so, "So...if this, and this, and this  (scrolling down the deficiency list pointing with pen) is wrong with the property for your needs. Well, why are we going to pursue, want to buy this particular one?" 

Buyer stops up short. Gets ten shades of red. Coughs a few times, looking at floor and then picks up steam responding "Oh don't get me wrong...I love the place. I think it is perfect for my needs..etc." 

But he is just a nice guy doing the seller a favor to take it off his hands...and wants the seller to know what a horrible property he owns but that it is his lucky day. He has found a property buyer for it anyway.  And would you the broker cut your commission in half. Or on second thought, consider donating it all to this very worthwhile charity he is a trustee for and very passionate about. Keep your eyes open

As a real estate broker, I convey the offer. I indicate you the buyer are not trying to hurt anyone's feelings and to please...don't kill me the messenger. 

Put down that chainsaw or hand operated can opener.

It is just a property offer, they don't always work out...but something to just consider.  React to or not. Although you wished you did not have to present the offer that is so hopelessly upside down and unrealistic, get it done quickly. And respond with the seller's andy mooers ice cream photoposition. 

Don't chastise, lament or get riled up...just convey it and keep the marketing machine going. 

Let them know you are showing the place again to another prospect and keep moving.  Maybe the idea of someone else buying will make a world of difference. To up the ante.

Or you the seller's agent becomes the enemy keeping the buyer from stealing the property. 

He may need a buyer's broker to tell him this is not going to fly, and to reiterate what you have been telling him right along. 

Be glad there is a buyer's broker to "help" him otherwise you are not going to get much other work done for the next five days he is in town. 

The buyer broker you recommend may not thank you later but will return the favor some day! Maybe already has a few times.

 I'm Maine REALTOR Andrew Mooers, ME Broker

info@mooersrealty.com | 207.532.6573

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Comment balloon 17 commentsAndrew Mooers | 207.532.6573 • March 16 2007 10:44AM

Comments

Andrew, I think I met that buyer a few years ago. He followed that same pattern, and of course didn't have a chance at buying the property he was trying to buy. 

Posted by Mike Cooper, Broker VA,WV, MD, Your Neighborhood Real Estate Sales Pro (Cornerstone Business Group Inc) over 6 years ago

Andy, Your buyer wins!  The worst we've had has been 50% of list price on a fairly priced home. 

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.520.5305 www.LizTour.com) over 6 years ago

Looking for 6 years? I pity ANY agent working with this guy. He's going to earn his commission, if he ever closes!

Posted by Debbie Malone, From Lynchburg To The Lake (434) 546-0369 (Londeree's Real Estate & Property Management) over 6 years ago

That is one buyer I would not get out of bed for...just sayin' !

Posted by Susan Haughton, Susan & Mindy Team...Honesty. Integrity. Results. (Long and Foster REALTORS (703) 470-4545) over 6 years ago

That is a buyer that will be looking another 6 years. Maybe he should wait until his parents go into a home and he can move out of the basement of their house

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (Mapleridge Realty, CT 203-206-0754 ) over 6 years ago

After 6 years, the buyer should have just build the house he's been dreaming of. But lucky for the buyers they found you through your marketing.

Posted by Les & Sarah Oswald, Broker, Realtor and Investor (Realty One Group) over 6 years ago

Just had a buyer cancel-turns out they'd been looking for 7 years. 

Posted by MichelleCherie Carr Crowe Just Call...408-252-8900, Family Helping Families Buy & Sell Homes 40+ Years (Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty) over 6 years ago

Good morning Andy. Sometimes you just can't figure it out, but this time around the buyer made out pretty well. Great job with your post!

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) over 6 years ago

Hi Andrew.  He is a one and done kind of client.  One offer then referred to a buyer's agent.  3500 issues.  Did you hand him a match to remodel the home?

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) over 6 years ago

Let us know if and when he either gets his offer up or finds another property that he loves!

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 6 years ago

Mike ... We can out outsmart outselves but seeing the others in the room. Making sure everyone has a good taste in their mouth helps.

L and B ... Unlike motel rooms, it is not shag and snag a deal daily Captain Kirk. Phser on stun. Low wattage Spock.

Debbie ... We have taken 6 years or more getting a buyer and seller ready to do their part on the teeter tottter, dog and pony.

Susan ... Sleep in. Mexican omelet ready when you do rise and shine. You'll smell the coffee. Hear the Alt J playing.

Ed ... You know him too? Norman Bates? That's the guy. What a pyscho.

Sarah ... There is always couch surfing at friends houses... just like Scrooge not many on the Christmas card list.

Just Calll ... (Rolling dice rumble, tumble, blowing air in the slit of closed fingers) Come on lucky 7... or Snake Eyes....

Joe ... Some work can be done once the labor intensive ones hit the road, lose you number.

CA ... He loved the house, had to act like he hated it for negotiating reasons and to convince others the place had ten foot pole marks all over it. That is was something sent to Misfit Island. Bannished from buyers...

GS ... Sometimes the retort is we had a property in your price range,  but last week it fell...crashed flat.

 

 

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) over 6 years ago

Hi Andy: The title is a paradox. I can't stop laughing.

Posted by Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen! (Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington) over 6 years ago

H aha ha - awesome - pretty crazy what some people think will fly, right?  Have a good weekend!

Posted by Courtney Cooper, 206-850-8841 (Cooper | Cartwright) over 6 years ago

Andrew - great post.I've had a number of "clients with this mindset, and I've learned over the years to give them a few examples of why their thinking is "stinkin thinkin" ... and if they don't get the message I tell them there are a number of Realtors who are just starting out in the business who would love to work with them. And then Bid them "farewell"

Posted by Diana Dahlberg, Real Estate in Kenosha, WI since 1994 262-308-3563 (1 Month Realty) over 6 years ago

So the only property in his price range is condemned Andrew?

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) over 6 years ago

Buyers....Would love to hate'm, but for every successful sale, there is one involved!

Posted by Richard Daskam, Your Real Estate Consultant (eXp Realty) over 6 years ago

Andrew,

I cannot say I have never written an offer I thought was not going to fly....but sometimes things do work out!  6 years is a long relationship!!

Ann Hayden in Wildwood, MO

Posted by Ann Hayden 636-399-7544, SelectAnn.com (Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri) over 6 years ago

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