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To: Toespi
" When I was a Realtor, I stressed to the sellers how vital it was to receive an offer within the first five showings and certainly within the first fourteen days. Otherwise, there was a problem and it was paramount to find out what it was and correct it immediately. After thirty days on the market the owners are looking at a price reduction. When a buyer is interested in making an offer, the first three questions are “how long has it been on the market”, “why are they selling” and “have there been any other offers”."

I find those questions silly as if there's an expiration date on the house, a "sell by date". It's something a buyer is taught to ask. When I bought my house I was glad it was available for me to buy it. Later I found out previous buyers couldn't get a mortgage because of their own situation. It wasn't the house's fault. Meanwhile the owner was busy doing stupid repairs/improvements the agent was advising him to do.

Not a house but the same rules are used in renting apartments. I have just rented an apartment on Friday. Agent was freaking out because it had been on the market for 34 days and I was refusing the applicants. He wanted me to do improvements, lower the price etc. I refused saying the right people haven't started looking for an apartment!!! Then Friday someone showed up and everything lined up. I accepted them immediately. Agent was going to wait till Monday to inform them and wanted to keep the apartment listed longer! I had a fit! Let the applicants know NOW so they could enjoy Independence Day and make appropriate future plans.

Agents have a way of messing with people's minds.

31 posted on 07/03/2022 6:12:41 AM PDT by 1_Rain_Drop ("There will be a smooth transition to a second Trump administration” - Pompeo)
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To: 1_Rain_Drop

When I ask about how long a house has been listed and about other offers it’s not about an “expiration date”...it is about trying to guage competition for the house and what I should offer should the house hold some interest for me. Do i ask for lower than the asking price, should I bid at the asking price; or if it is a hot looking house in a prime location and others are interested, should I bid higher?!

The ‘why are they selling” is a natural question. Is something wrong with the house or are personal imperatives such as a new job or retirement influencing the need to sell?

Most informed folks looking for a home don’t look at house buying in terms of an “expiration date” like it was food...but rest assured, folks don’t want a bad lemon or a rotten tomato of a house deal!

Your agent probably didn’t want to do any work over the 4th week-end or he had someone in mind for the home that you might not have wanted. It happens.


33 posted on 07/03/2022 6:29:57 AM PDT by mdmathis6 (A horrible historic indictment: Biden Democrats plunging the world into war to hide their crimes!)
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To: 1_Rain_Drop

“the owner was busy doing stupid repairs/improvements the agent was advising him to do.”

Good on the agent for being proactive, it’s part of their job and responsibility. Because a day or so before the scheduled closing the buyers are going to do a final walkthrough and the agent was preventing any last minute dispute or delay. Not only that, around three months after a closing, you would be amazed how many lawsuits are filed against sellers and their agents for frivolous “defects”. Believe me, a professional Realtor has seen and heard it all. So you can say an agent messes with peoples minds, but a great Realtor is golden.


34 posted on 07/03/2022 6:32:03 AM PDT by Toespi
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