June 24, 2008
We’ll Be Taking It All
After receiving another miserable offer yesterday, our realtor called the buyer’s realtor to ask why they made such a crappy offer. One of her reasons was that, we "didn’t do anything to the place." She said we "hadn’t updated at all."
Over the past almost five years, Mr. BBM and I have slowly worked our way through this house. We’ve redone almost every single room in the house. We both took it personally. So, Mr. BBM and I decided this morning that if we were to reach an agreement with these people, we’re going to let them know a couple things.
First of all, we’re taking all of the things we "didn’t do" to the place. The list will include the following:
- Ripping up the kitchen floor and leaving the cabinets bare, without the brushed nickel hardware.
- Baldwin Brass hardware from the every bathroom in the house. They don’t need knobs, toilet paper holders or towel bars right?
- The new microwave and garbage disposal.
- The suede paint on the dining room walls. I’m sure the new buyers will enjoy the nasty sponge painting underneath. We certainly did. . . NOT.
- The refinished cabinets in our master bathroom and all the paint on the walls too. In fact, we’ll put back up the three layers of old pink wallpaper if we can find some leftovers. There was no sweat equity in that job at all. Really.
- We’re also going to scrape the paint off the girls’ bathroom, and put back up the ugly border.
- We’ll also scrape paint off of both of the girls’ rooms, the family room, and all of the hallways, ceilings and foyer. We hope the new owners will enjoy the areas where the owner before us painted around furniture.
- All the new carpeting in the hallways, on the stairs, in the master bedroom and the girls’ rooms, the upgraded padding too.
- Don’t mind the big hole in the wall in the foyer. We’re taking the wireless security system.
- I hope they like cold showers, because we’ll also be taking our new hot water heater.
- Also, the new front door deadbolt and lock, the new brass numbers on the house and all the paint surrounding the windows and doors on the front of the house.
- We’re detaching and taking the sun deck too. That’s probably going to leave some holes.
Oh well, the new owners can just pretend they have floor coverings, paint and that the holes we’ve left don’t exist. After all, we didn’t do anything to the place right?
Oh, I almost forgot. For the realtor who says we didn’t do anything:
Honey, you didn’t do anything either, besides make us mad. So, I’m sure you won’t mind reducing your commission by, oh 3%, since all you really did was open the door for them. I mean, what did you really do to sell our house? If your buyer’s want 3% seller’s assist, they can have your commission. Feel like you’re getting a raw deal? Yeah, that’s how we feel.
Is it too early to have a glass of sangria???
Wow. Don’t they know that you can kick their ass with one hand tied behind your back?
LOL! Crazy what buyers (and their agents) think. I kind of hate the attitude of “it’s a buyers market so lets stick to the sellers”. So they are giving a low offer just because you lovingly maintained the home? We were lucky to finally get an offer and work it out. However when I think about how much work we put into the house, and how much less the selling price is compared to what we bought it for 7 years ago I may cry.
Good luck to you, I have been checking your site the past week just because we are in the same boat.
Your realtor didn’t do anything to help sell the place?? That’s stupid and ridiculous, especially if he/she thinks they’re going to get a huge amount of money out of you. That’s just downright highway robbery. PLUS, they obviously didn’t sell the work you did with the kitchen, the girls’ rooms, etc.
I’m sorry BBM!
Avitable: You don’t know how much I’d like to. . .
Denise: I know! What irritates me even more is that they throw out these low offers and expect sellers to be gracious and excited about it. Then, when you counter, they don’t even counter back. You don’t know how badly I wanted to tell my realtor to just tell them where to stick it. They need to move by July 30th and I hope they end up living out of their car.
Marguerite: I was talking about the buyers’ realtor. That I should tell her she didn’t really “do” anything so she can forget her commission. If her buyer’s want 3% then, they can have hers.
Painting around the furniture? I guess that would save some time.
GAWD!!!! I dread the day I need to sell. We’ve put in all new hardwood and carpet, countertops, garage door, roof, front steps, furnace (we are in Alaska) and the list goes on. If I EVER got a low ball offer and someone said we “did nothing” to the place I’d go promptly rip their faces off. BASTARDS!!
K.
See previous comment…insert own first word before “off”. These people have no interesting negotiating – just finding someone that will give up a home cheap!
I’m surprised to hear about the buyer’s realtor. Realtor’s always represent the seller. If that realtor is actively encouraging lowball offers, he’s only hurting his own cut of the commission. Realtors aren’t looking for the lowest price for the buyer. They’re looking for the highest price that their buyer will agree to and be happy with. Period. If I’m a realtor and I have a buyer who is willing to spend $200k on a house, I’m not doing myself any good talking him into offering $185k. It just doesn’t make sense.
What’s your time frame? Are you just going to leave your house on the market indefinitely? Have you guys talked about setting a deadline, where if you haven’t sold your home by a particular date taking it off the market? HUD is sitting on repo houses, trying to trickle them onto the economy, but there are so many people in foreclosure that it’s just a tough time to sell.
I’m biased but to me Realtors are obnoxiously overpaid. To make 7% on a 400K house (28K) They should be required to do a little more than simply show the house. I used to date a girl who had the IQ of a woodpecker who now makes between 300-400k A YEAR as a “distintive homes” realtor! I fail to see the talent. Good thing for most of these people that these jobs can’t be shipped to India.
Hang in there BBM! Your luck has to change at some point.