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My house was listed two weeks ago and priced based on comps, pending and sold listings. Not priced on emotion or listed too high because I, the seller is unrealistic about home value.
No agents have mentioned to my agent that the house might be listed too high.
Okay that's out of the way. I have had about 30 showings and 6 offers. Offer is made, all lowball, then during negotiations the buyers bail and the agent says the same thing "they were in over their head they should be looking at houses at xxx price".
One offer got under contract and the buyer backed out 48 hours later, same reason.
Why are realtors bringing people to view homes they cannot afford or maybe they can but want to buy lower?
Also, one buyer told my agent that since they would have to make accommodations for their handicapped child I should lower the price to make it easier for them.
Nope, not a starter by any stretch of the imagination. It's considered to be desirable for a number of reasons.
As far as the disclosure the only thing is the replaced pool heater gas line three years ago. There have been no roof leaks, nothing odd about the street, nothing.
It's really been awful.
Oh and it's got a lifetime warranty on the roof, and I just put in an hvac system three weeks ago.
Thanks for your response.
You might be right, I'm trying to get out of here!
But I've sold four houses in Southern California over the last 15 years, all primary residences, never saw this trend....
That's awful. 6 offers and no contract! And then, a contract that falls out! What a nightmare. I'm so sorry for you. If I were your agent, I'd be a mess.
Maybe your agent could request prequalified buyers only, although banks often approve people for more than they actually could pay...
It's a great idea, yep. When they are bringing the offers they Re showing as qualified BUT one trend I'm seeing now is people taking huge mortgages, one potential buyer was qualified for 1mm mortgage and the rest was going to be his down. He was one who pulled out half way through negotiations. Not that it shocked me but I think people should be realistic about taking on a huge mortgage before they make an offer not after!
That's awful. 6 offers and no contract! And then, a contract that falls out! What a nightmare. I'm so sorry for you. If I were your agent, I'd be a mess.
I hope you get a good offer soon.
Thanks, the buyers agents are expressing frustration too, although they are the ones bringing the buyers....
Stand your ground if your property is reasonably priced. 30 showings and 6 offers sounds like good activity to me. Consider the matter after another two weeks. Realtors bring people to see your house because their loyalty is to buyers who don't understand what they want or can afford. You seriously expect a Realtor to tell client, "No I can't show you that house because you can't afford it." ??? Making accomodations for whatever reason is on the buyer. Sorry to handicapped people, but your rights end at being discriminated against in restaurants and apartments. Wanna buy a house? Fine. It's your house. Fix it up to accomodate whatever you want. Another problem, put it back before you want to move and put it on the market. I'm going to buy a home with a handicap bathroom and pay to convert it back? I think not. I saw one some months back. I subtracted $10K from the sale price to convert it back and decided the deal didn't fly.
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