Once again I have received another low offer on a listing and once again the offer is ridiculously low. Like 15% low. Once again I need to educate a seller that buyer agents are giving buyers bad advice. Once again I need to calm the seller down with “At least they were interested enough to make an offer.”

Buyers and buyer agents, “What are you thinking?” how many offers are you going to write that have no chance of getting accepted. Don’t you think that if a seller was willing and able to accept a 15% low offer they would list it at that price. Buyer agents do you deliberately price your listings 15% high? I didn’t think so. So why do you write such stupid offers?

Let’s talk reality. The city MLS is averaging 96% sales price to list price. There is a place to start especially if you are asking for closing costs. How bout trying a market analysis? If buyers and agents did an analysis of solds and actives perhaps the buyers would understand the market better.

I believe buyers are being misinformed. In Colorado Springs, inventory is shrinking and prices below $300,000 have stabilized. Instead of writing ridiculous offers, try to be realistic and perhaps you will get a better offer accepted. Most of the time, low offers create anger. That anger gets personal and no one wins. If a buyer takes a “No prisoner” attitude, I pretty much guarantee that in the end you will pay more than you otherwise might have.

Play fair and it’s a win win scenario.

Thanks,

Brian

Once again I have received another low offer on a listing and once again the offer is ridiculously low. Like 15% low. Once again I need to educate a seller that buyer agents are giving buyers bad advice. Once again I need to calm the seller down with “At least they were interested enough to make an offer.”

Buyers and buyer agents, “What are you thinking?” how many offers are you going to write that have no chance of getting accepted. Don’t you think that if a seller was willing and able to accept a 15% low offer they would list it at that price. Buyer agents do you deliberately price your listings 15% high? I didn’t think so. So why do you write such stupid offers?

Let’s talk reality. The city MLS is averaging 96% sales price to list price. There is a place to start especially if you are asking for closing costs. How bout trying a market analysis? If buyers and agents did an analysis of solds and actives perhaps the buyers would understand the market better.

I believe buyers are being misinformed. In Colorado Springs, inventory is shrinking and prices below $300,000 have stabilized. Instead of writing ridiculous offers, try to be realistic and perhaps you will get a better offer accepted. Most of the time, low offers create anger. That anger gets personal and no one wins. If a buyer takes a “No prisoner” attitude, I pretty much guarantee that in the end you will pay more than you otherwise might have.

Play fair and it’s a win win scenario.

Thanks,

Brian