1,506,163
I turned down a buyer last month who wanted me to write 100k under list price on one of my listings. I called the seller and ran it by them. I then called the buyer and told them that I spoke to the seller and they said "not a chance."
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Roy Kelley
Gaithersburg, MD
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Cindy Davis
San Diego, CA
1,771,867
I will let them know I am not in agreement with them but yes, I have had people get rejected without a counter and then they believed me.
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Roy Kelley
Gaithersburg, MD
1,712,776
6,419,449
You never really know what is too low until the offer has been rejected.
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Roy Kelley
Gaithersburg, MD
1,153,794
I will usually have a minimum acceptable price built into the listing contract to alleviate the use of this gesture.
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Roy Kelley
Gaithersburg, MD
634,532
Yes, even when I know it will be rejected.
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Roy Kelley
Gaithersburg, MD
475,692
Yes, sir. If I now it is a low-ball offer, I occasionally ask the listing agent to at least give us a response or a counter. Often in those cases, it is either outright rejected or not even responded to.
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Roy Kelley
Gaithersburg, MD
3,986,308
3,627,172
According to the laws in my State we must present all offers regardless of out outrageous they are
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Roy Kelley
Gaithersburg, MD
1,683,912
We have no choice here. According to Real Estate Law, we must present all offers.
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Roy Kelley
Gaithersburg, MD
443,220
Oh, that's a tough one. It depends upon my relationship with the buyer. If I want to retain the person as a client, I will write it and let the person learn his or her lesson If it's someone I really don't want to work with, I probably would not.
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Roy Kelley
Gaithersburg, MD
2,784,726
Only to prove the point...After that, listen to your agent!
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Roy Kelley
Gaithersburg, MD
658,040
I try to explain that some times what they think is a starting point to negotiations will be an ending point if its too low and offensive. We do have investors that will only buy if the numbers make sense and its unemotional, those can be low offers as well. I will present what I am instructed, I just try to guide them.
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Roy Kelley
Gaithersburg, MD
1,466,257
Gabe Sanders Interesting you say write an offer for your customer and not your client. If the purchaser is a customer, you represent the seller. Are you looking out for the seller's best interest by writing this offer?
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Roy Kelley
Gaithersburg, MD
921,504
Absolutely.
And the listing agent will be receptive and keep the seller talking.
However, if the offer is -30% I will inquire how the buyer derived at this number and if they are drawing a line in the sand.
This is a business, not a hobby.
PS: Let me add, back in the day, when every investor was wall papering offers, and one in 30 succeeded, I would turn this hobby into a business by saying " I write as many offer as you want for any amount you want, but it will cost $76 per written offer.
Today, when such an offer succeeds once in every 177 offers, that will prove a controlling mechanism for such fishermen and less punitive to me.
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Roy Kelley
Gaithersburg, MD
699,277
Yes. We do as we are told. We never ever know the circumstance on the other end.
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Roy Kelley
Gaithersburg, MD
42,670
Its a starting point. Maybe having an offer rejected will make your Buyer more realistic on the next offer.
168,750
If it is ridiculously low I tell them I will get a verbal. If the sellers agent says they will reject or not counter I tell the buyer. I back it up with comps and sales to list price ratio for the neighborhood and show them competing properties if necessary. If they are an unrealistic buyer looking for a deal that is not there they can either sign a buyer broker agreement or find another agent. If it isn't ridiculously low I will write it and get something going.
112,947
yes I do. Sometimes people just want to see how low seller will go. It is human nature.
1,513,143
Yes I would write it but would also give my opinion as to why it will be: not answeres, rejected or countered.
32,051
231,224
i would as long as there is an exit strategy, that being what do we do when the door gets slammed in your face...counter? move on?
617,935
Gabe,
I do everything in my power to properly educate buyers so they don’t do that. But if they insist I will present it. I’ve never had such an offer accepted yet but maybe one day
519,324
Gabe, If it provides a benefit to my client, I will. One offer allows me to tell other agents that an offer is in play. I'm not requied to provide details, but it will often spur others into action.
Sometimes it creates a conversation that once the offer is rejected, the customer gets serious and is willing to write a better offer.
Regarding the law. I'm required to present all written offers, but I don't believe I'm required to write any offer. If I suspect the offer isn't sincere or a fishing expedition, I may suggest they find another agent to write it.
3,742,070
Usually, yes. Sometimes it takes being rejected for a buyer to come to his or her senses. And I've written even more offers for people who started out writing a lowball with their old agent - of course it didn't work out.
7,864,182
I have submitted many offers that I knew would be unacceptable. That is part of the learning experience for some prospective home buyers.
1,249,963
I surely don't like to - but I feel I must. But first, I would have discussed the comps so they know what I think. One never knows where it will end up.
766,179
It depends on whether or not I feel like they will eventually buy a home with me.