How Over-Aggressive Realtors Hurt Their Buyers in Multiple Offers
The Overzealous Agent: Asset or Liability?
Don’t squeaky wheels get the grease?
And in a hyper-competitive multiple offer situation, isn’t an aggressive agent an asset? (nice alliteration, huh?)
Yes . . . to a point.
Beyond that point, hyper-aggressive behavior on the part of a Buyer’s agent can become a negative to the Seller (and their agent).
Cause for Pause
Non-stop phone calls, texts, and emails asking for updates; making an offer with an asterisk clause instead of an actual price; maneuvering (if not badgering), etc. can make the Seller pause and ask legitimately: “Do I really want to do a deal with this party?”
How will it be to work with them on the multiple steps that inevitably follow signatures on the Purchase Agreement?
Do I really want to negotiate inspection issues, if there are any, with such a Buyer and their Realtor?
Especially if the Seller has a choice — the definition of multiple offers — the answer may very well be “No” (if not, “Hell, no!”).
P.S.: Buyers, want to get the house in multiples?
Come in with the cleanest offer and the highest price — and no financing risk (either because it’s a cash offer, or there’s a hefty downpayment).
And convey that you’ll be easy to work with.
See also, “Dear Overzealous Buyer’s Agent“; and “Multiple Offers and Asterisk Clauses.”
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