For the Sake of Negotiating... Oh How Much Fun It Is to Ride

Reblogger Maria Morton
Real Estate Agent with BHG Real Estate - Kansas City Homes SP00229578 2007027091

Loreena tells it like it is! Home buyers often make the mistake of listening to outside sources instead of their own real estate agent. I look at it as a learning experience for them, albeit a sometimes painful one. Losing the home they really want is a high price but there will be another home they like and are able to buy because they've learned their lesson with the first one.

Original content by Loreena Yeo #9001154

For the sake of Negotiating..... Lessons of Feet Dragging - yes, even in a Buyer's Market.


So, I've experienced the Lessons of Feet Dragging, Negotiating and Dragging just for the sake of Negotiating. It is not fun to witness buyers wanting to haggle just for the sake of haggling.

In the end, when the counter offer is not accepted and a new offer is introduced into the picture, it would be very disappointing when you lose the house, the house you've been talking about and the house you've been spending your time visualizing in.

So many times I wonder why buyers cant be serious? What could $2,000 mean in a $200K transaction or better yet, $2000 in a $500K transaction? Is it worth haggling?

ABSOLUTELY NOT! After evaluating the pros and cons of going back to the sellers for a tiny pricehaggle, in the grand scheme of things, it will not make a small pinch in the monthly payment,

WHY OH WHY DO YOU RISK ANOTHER OFFER COMING INTO THE PICTURE?

Do you know until it's signed and executed, you - the buyer is still vulnerable and that you have not secured anything yet.

And agents, don't come back to tell me how your clients will now pay the price they originally agreed on. It may be too late. The seller may have signed and executed the other offer. The seller may be upset about the haggle, the seller wants to deal with the other non-haggling buyer.

I've personally experienced 2 back-to-back negotiations where buyers lost because of Negotiation for the sake of Haggling.

 


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Content & Photography Copyright © 2012 by Loreena Yeo (3:16 team REALTY)
For the Sake of Negotiating... Oh How Much Fun It Is to Ride

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Rainmaker
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Nick T Pappas
Assoc. Broker/Broker ABR, SFR, e-Pro, @Homes Realty Group, Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Maria, I'm not sure what goes through some buyers or sellers minds when they haggle over $100, I've seen that happen and a client walk away...just trying to prove a point I guess, although I'm not sure they're proving their prowess of negotiating or any meaningful "point".

Feb 06, 2012 06:46 PM #1
Rainmaker
2,164,037
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Good selection for a re-blog.  Many buyers lose because of poor advice or ill advised offers or conditions.  In Maryland, we see buyers making low offers even when they should have been advised to expect multiple contract competition.

Feb 07, 2012 09:32 AM #2
Ambassador
1,300,499
Loreena Yeo
3:16 team REALTY ~ Locally-owned Frisco TX Real Estate Co. - Frisco, TX
RealtorĀ® | Frisco TX Community Ambassador

Hi Maria - Thanks for reblogging this message. Something that we need to get the word out for more buyers to know.

Feb 07, 2012 03:36 PM #3
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Rainmaker
540,618

Maria Morton

Kansas City Real Estate 816-560-3758
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