Consider This your Written Offer !

By
Real Estate Agent with Re/Max Eastern inc.
http://actvra.in/DgD

 Consider This Your Written Offer!

Consider This Your Written Offer ! The Sellers are Not Interested In Your Offer! These words echo in my head ! Here is my story on why !

When I go out on a Listing the first thing I do is a Market analysis of the homes in the area that have sold . In today's market I check what has sold in the last four months if possible . I know that is what an appraiser will use if he or she is going to appraise the property . If four months is not possible I will go back six months. I will be very careful on what price I list the home at as i want it to stay sold  when it sells.

The one thing I do not do is allow the seller to set the price .I may allow the seller to price it a few thousand over market value so we some room to negotiate but certainly not thirty thousand above market value .I will not use a comparable sale that is oranges to apples and expect it to fly.If this is used the seller better be aware that he is way above market value . The best comparable should be apple to apples . By this expression I mean if you have a townhome for example that is a 2 BR 2 bath and is 1800 sq' ft you compare it to the same. Orange to apple would be compare a 2 BR 2 bath townhome to an 2500 sq' ft story condo with vaulted ceiling and a basement .


Here is my story on why. I wrote an offer on a townhome  thirty thousand dollars overpriced. The buyer is a very educated consumer . She knew what the properties have sold for in the area. She had made a very reasonable offer. I dropped the offer at the listing agents office .The next day I received an
Email that the sellers were not interested in the buyers offer . I then emailed her back and asked her  what would they be interested in considering and she replied . I then asked her to have the sellers put in writing as a counter offer . Now certainly in this market it is not unheard of for buyers to make low offers especially if the property is overpriced. She replied consider this your written offer. How do you negotiate an Emailed counter offer without putting it in writing and having it signed by the sellers.. Here in Pennsylvania all offers are in writing .I asked for her seller to put it in writing she refused it has been over a week . She also indicated that the seller is going to rent the property ;but is still up for sale .

Consider this your written offer

What would you do in this situation ? What is your opinion ?

Posted by

 

copy protected

Pictures are by Hannah Williams not to be duplicated without permission .HelpfulHannahs.com is a Real Estate website please visit it if you are interested in information about homes or any information about the Philadelphia or Bucks County Pennsylvania area or call me direct 215-215 953 8818 or by cell 820-3376 i will be glad to assist you.Unless otherwise noted, the content, both written and in pictures,are the property of Hannah Williams. If you wish to use something you see here,( please ask for permission) Most likely I will oblige, with a link back to my original content as well as an acknowledgment. Thank you to all my friends,neighbors and clients who allowed my to use their photos and videos maybe you will get to Hollywood Ca

 

To SEARCH for HOMES PLEASE VISIT HELPFULHANNAH.COM

 

                            FacebookYouTubeLinkinblog sitetweet follow me on twitterGoogle Plus

 

                                                                    Follow Me on Pinterest

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clip to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Pennsylvania Philadelphia County Philadelphia Northeast Philadelphia
Groups:
RE/MAX Active Rain Bloggers
Diary of a Realtor
The Vent
Bartender, Make it a Double
Addicted to Active Rain
Tags:
selling real estate

Comments 20 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the magnifying-glass to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
1,580,392
Lou Ludwig
CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO
Ludwig & Associates

Hannah

Some people want to sell and some want to talk about. Sounds like a talker to me.

Good luck and success.

Lou Ludwig

June 28, 2012 04:46 PM
Rainmaker
341,413
Elizabeth Bolton
Cambridge MA Realtor
RE/MAX Destiny Real Estate Cambridge, MA

Hi Hannah ~ That stinks.  Our job is to try to bring buyer and seller together - not act as an impediment.  I'm with you on comps - appraisals are a challenge right now - though in my market it's because properties are getting bid up dramatically. We also do counters verbally so don't have the same issue you've got.  Good luck!!

Liz

June 28, 2012 05:32 PM
Ambassador
742,331
Hannah Williams
Re/Max Eastern inc.

Jane   That is what the buyer and I keep saying ..There is a house out there saying wait for me !

Randi   My buyer does not chose to .. I am thinking about speaking to the broker

Lou You have hit the nail on the head .She does talk the talk

Liz .. Property values are falling here  .Especially where this property is located. They were worth more last year then this year .

June 28, 2012 07:24 PM
Ambassador
1,438,854
Ed Silva
CDPE, GRI, ABR, Real Estate Agent
RE/MAX Professionals, CT 203-206-0754

Hannah, that rotten. Having unresponsive agents and even clients makes for no business. Maybe an offer less than the asking but with the contingency that buyers will not pay more than appraised value, regardless of the amount of money they may be putting down. That places the deal back to the sellers and them acknowledging that an independent person (appraiser) will set the final value.

June 29, 2012 08:26 AM
Ambassador
742,331
Hannah Williams
Re/Max Eastern inc.

Ed  I would have liked a written response from the seller . I think we deserved that much respect . There is a form from PAR that I am going to prepare with the first few pages changing the seller response dates . it requires the sellers signatures .It is a response of acceptance or rejection .Either way it requires a response in writing from the seller not an email from the agent

I do like your idea ..

June 29, 2012 09:04 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Ambassador
742,331

Hannah Williams

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tshirt to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Contact Me
Interested in selling your home? Contact me to get a professional estimate.
Profile picture for helpfulhannah
hannah williams
Call: (215) 820-3376
My