Nobody Wins When Offers Are Rejected

On October 12, 2011, in Uncategorized, by David Monsour

If you’re selling real estate today it shouldn’t be a surprise when someone offers something other than full price.   I got an email reply earlier on an offer I submitted that the seller had rejected many offers that were better than the one I submitted.  When I submitted this offer I knew it was a little aggressive but I didn’t think it was THAT BAD.  Now my particular offer couldn’t come up so I understand the rejection but to have rejected multiple offers on a property that has been on the market for over a year just seems foolish.  The goal is to work together to come to an agreement that works for both parties.  If you’re that firm on price especially a price that is already too high you’re odds of successfully selling your property are pretty slim.  I also noted multiple price reductions.  I’d venture to guess the seller has received offers higher than the current list price and has shot himself in the foot already once or twice.

It’s important to be flexible.  The numbers locally still show that prices are declining.  Every month that goes by mean that your property is worth less.  Keep that in mind when you’re reviewing offers on your listed properties.

 

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