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Old 04-27-2009, 09:47 PM
 
22 posts, read 75,714 times
Reputation: 41

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So we've had our house on the market a little over 3 months. We had a decent amount of showings (13), with 1 person truly interested. He saw it a month ago, scheduled 2 add'l showing which he canceled last minute, then told our agent he wanted to make an offer (he had contacted her directly). She chased him on the phone for almost 2 weeks and finally got ahold of him again today.

Before the drumroll, I have to say that this guy owns a lucrative business and a multimillion $$ house in the city. Not sure why he wants our place except for historic/rural value.

We're listed at just under $500 (recently reduced) and were prepared for a lowballish offer, maybe around $450.

Guess what he comes back with.

$275,000.

AGGGGGHHHHHHHHHH

Our agent said it was not worth putting pen to paper to write such an offer and basically told him to stuff it (politely, she's very polite).

All I can do is shake my head. It just baffles my mind. And so we forge ahead.

-Allykat
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Old 04-27-2009, 10:17 PM
 
Location: Knoxville
1,155 posts, read 2,985,200 times
Reputation: 366
Hey allykat623, sorry for your redicilious offer, but in this crazy media driven market, nothing is supprising anymore. You can always send an offer to sell, and name your price, and your agent can do this in minutes. So who knows, he still could be serious, so it want hurt to find out. Good luck, and do not take it personal, as lots of buyers, are looking for bargains, even sometimes with silly offers. Good luck, and keep us posted.
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Old 04-28-2009, 12:52 AM
 
Location: Gallatin Valley
495 posts, read 1,188,040 times
Reputation: 431
Oh man1 That is LoW!
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Old 04-28-2009, 05:26 AM
 
Location: Looking East and hoping!
28,227 posts, read 19,618,774 times
Reputation: 2000000873
Amazing he didn't demand your furniture and first born!
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Old 04-28-2009, 05:30 AM
 
Location: Cary, NC
33,645 posts, read 58,353,680 times
Reputation: 32368
I would have countered. Politely.
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Old 04-28-2009, 05:33 AM
 
42 posts, read 108,018 times
Reputation: 68
Counter at exactly $1 under your asking price. He will get the message.
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Old 04-28-2009, 05:50 AM
 
Location: Tricoastal
353 posts, read 697,822 times
Reputation: 264
OUTRAGEOUS but I guess I am wondering whether you are overpriced if you haven't received any (decent) offers.
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Old 04-28-2009, 06:21 AM
 
Location: Martinsville, NJ
6,162 posts, read 11,244,344 times
Reputation: 3958
Quote:
Originally Posted by allykat623 View Post
So we've had our house on the market a little over 3 months. We had a decent amount of showings (13), with 1 person truly interested. He saw it a month ago, scheduled 2 add'l showing which he canceled last minute, then told our agent he wanted to make an offer (he had contacted her directly). She chased him on the phone for almost 2 weeks and finally got ahold of him again today.

Before the drumroll, I have to say that this guy owns a lucrative business and a multimillion $$ house in the city. Not sure why he wants our place except for historic/rural value.

We're listed at just under $500 (recently reduced) and were prepared for a lowballish offer, maybe around $450.

Guess what he comes back with.

$275,000.

AGGGGGHHHHHHHHHH

Our agent said it was not worth putting pen to paper to write such an offer and basically told him to stuff it (politely, she's very polite).

All I can do is shake my head. It just baffles my mind. And so we forge ahead.

-Allykat
I think your agent made a mistake here. You haven't received any offers, and the one guy who comes in with one she doesn't bother to write? Silliness. Get him on paper, with proof of ability to purchase. It's much easier to negotiate from that point, and you may get him up to a number you can deal with. And if he doesn't come up, yu still have the ability to say no. She just threw away a chance to have a conversation with a buyer. I wouldn't do that in this market.
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Old 04-28-2009, 06:48 AM
 
Location: Lowcountry
764 posts, read 1,439,796 times
Reputation: 416
It's not outrageous - it's a start.

His offer of 45% off your list price is a lot better than all those 'other' offers of 0%.
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Old 04-28-2009, 07:20 AM
 
Location: Summerville, SC
394 posts, read 906,426 times
Reputation: 254
Some buyers are truly trying to get something for nothing. It irritates me that sellers are maligned but delusional buyers aren't.

But - it could be a start for negotiations. If he's an experienced businessman (sounds like he is), he may simply being playing hardball and being shrewd. I would counter his offer. Chances are he is aware of a fair price for your home and he's testing the water to see how desperate you are to sell. He's playing his role very well - now get your agent into the game and counter his offer!

Good luck!
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