June 23, 2008
Sucktastic #2
Today we got an offer from new people. They saw our house yesterday for the first time and put in an offer more pathetic than the first sucktastic offer of a few weeks ago. On top of the low offer, they’re requesting seller’s assist. They want us out of here in like 30 days, and they didn’t even give us any hand money, saying instead that they’ll give it after we accept their agreement. They also elected every possible contingency with the opt out option checked instead of the negotiate one. Yeah, that’s a good strong offer.
Not.
Because I think my realtor sensed I was on the edge, he came for a visit this afternoon. With comps in hand, he showed me that we are priced right, that three intelligent people can’t be wrong, and that we have had the unfortunate luck of being given not one, but two crappy offers for absolutely no sensible reason. I was wearing my "Life is Good" shirt when he arrived. I’m not completely sure this whole shirt/attitude thing is working for me.
We countered quickly and with this: full price and we’ll consider moving out sometime this summer and inconveniencing ourselves. Or, give us our settlement when we want it and we’ll maybe consider giving some seller’s assist with a full price offer. Stick that in your pipe and smoke it.
Our realtor encouraged me (and himself because I think his little pep-talk was for both of us) to move on and focus on what comes next. These people aren’t doing us any good. Focusing on their sucky offer won’t do us any good either.
I’ll tell you something that will though. I was stirring it up as my realtor arrived. . . sangria.
That’s recockulous. Good for you for standing firm!
I so know where you are. I am back to crossing arms, legs, fingers, etc.
oh bbm, i do so hate this for you. good for you for not bending over and letting them ram you. hope the right family comes along soon.
p.s. now i am thirsty for sangria. hope you are happy!
I think you need to get a sign on your front door that says either “We are not the sub-prime Wellfare Office” or “Any unreasonable offers will subject buyer to savage beating”
I’m thinking the latter may be more effective.
Sooo… are you guys confident that this realtor is the right person for the job?
Dear BBM:
You manage to make even really “sucky” things fun and interesting to read.
Good for you and your spouse standing firm, as I’m sure you’ll want to feel good about selling your home when it happens for you.
Buying and selling a home nearly always proves to be gut-wrenching in my experience because it’s such a big investment in our lives and we can tend to take things that happen in the process somewhat personally.
Selling into a difficult housing market (especially in Florida and California right now) isn’t easy. You’re doing all the right things, so it’s just a matter of time.
My spouse and I bought a 2nd home very recently in April after looking at coastal property off and on for years. It’s a cute 3BR 2BA beach house in a remote coastal area of N. California. I’m a financial investor by trade, so even though I’m used to running counter to my emotions on investments (when I least feel like buying a quality investment is usually the best time), I can tell you in this market it’s one of the hardest decisions I’ve ever made. From the buyer’s perspective (not to excuse any “sucky” buyer behavior), it’s a scary time to buy into what appears to be a worsening economy and with the uncertain fear that housing prices in general (post bubble) may continue to decline painfully for the next few years. Some locations are affected much more than others.
What your agent CAN do, is emphasize with continuous unfettered enthusiasm those aspects of your home that make it a value that is immune to a decline in value (e.g., the excellent school system, access to a thriving job market or to new things coming to the community that will enhance the quality of life in this home, any other reasons it will be a highly sought-after location, etc.)
It was my focus on these kinds of things and knowing we would want to own the new home for at least 5-10 years, that made it possible for us to go forward with a deal that was a win-win.
Best wishes on all your real estate projects.
After the laughing there are two words I use in this situation to people like that – the second is off…..
Keep that chin up and be optomistic! Selling houses sucks at the best of times as there are too many people that want something for nothing.
I hate that you’re going through this. Still.
Avitable: You’re not kidding!
Lisa: Thanks. You’ve been tangled up for three months now for me!
hello ha ha: I have a great recipe for it if you’re interested. Yum.
Chris: Yeah, I’m thinking I’ll leave my karate weapons laying around.
Steve: I still am. He sells homes in an average of 57 days. He has a good reputation and he seems to be jumping through hoops for us right now, trying to think of anything that could get us more traffic.
Robert: Good points! They’re putting in new shopping centers nearby. That could be a big draw and maybe we should be pitching that idea.
Deryck: You’re so right. The thing that drives me insane is that two times now, people insult us with terrible offers and then expect us to not only be o.k. with it, but agree to it! It will be interesting to see if they counter back. I doubt it. Then again, they need to move. I don’t.
Miss Britt: Me too!
Ugh, people are freaking morons. Perhaps you should put a poster on your front door with a picture of your middle finger sticking up, saying: “Homebuyers, negotiate THIS!”
We’ve sold houses three times now. Each time it’s sucked in a new, different and special way.
First time: sold to in-laws – they couldn’t get a bank to finance the mortgage for over a year.
Second time: had to move mid-pregnancy (the movers got the furniture to the new house three days before I gave birth). The house sold quickly and for good price, but you try having a house closing in a hospital room!
Third time: House did not sell for two and a half years. Not crappy offers – no offers whatsoever. We eventually managed to unload it at a 30% loss. For a 2800 sf house priced at $72,000. (Location is everything, and nobody wants to live in rural Iowa.)
I’m staying in our current house as long as humanly possible.
Best of luck with your selling. It sounds like you’re getting offers, so you just need to move up to a better grade of offers. *Visualizes rich people who just adore BBM’s house.*