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Rainmaker
6,368,524
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Home sellers need to be advised in advance of the possibility of low offers and that they should be perceived as opportunities to try to work with prospective home buyers.

Jun 21, 2015 02:54 AM
Rainmaker
5,367,097
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Paul,

Why get offended when you can say NO!    One of our sellers did get offended when the agent who brought in the offer and insisted on presenting the offer with me.  I tried to tell him, it was not a good idea.

The offer was lower than replacement value of the building.  Our seller was a well connected man in the real estate universe, and he took the offer crushed in into a ball and tossed it at the agent. Then he told him what an idiot he was, and he would not work in real estate again...that agent moved to SF and opened a coffee store.  A

Jun 21, 2015 02:48 AM
Rainmaker
1,136,262
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I have been authorized to trash the offer below a certain price. When the agent tries to low ball the going rate I remind they will never get coop again from big brokerage.  Find some serious buyers.

I am in an area they are way more buyers than sellers. 

 

Jun 21, 2015 02:13 AM
Rainmaker
699,077
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

No, I take the brunt for them.  I'm irritated by the agent submitting low balls unless of course it's a handymans special.

Jun 21, 2015 12:33 AM
Ambassador
3,641,559
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I try to explain it is just the opening to negotiations but some take it as a insult...

Jun 21, 2015 12:21 AM
Ambassador
1,351,295
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

No, they've been advised to celebrate ANY offer and only moan about those who couldn't be bothered to put something on paper!   Any offer, is better than none. 

 

Jun 21, 2015 12:12 AM
Rainmaker
212,655
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

Let them know when taking the listing that it is your job to show them any offers that come in. They don't have to accept them, but you as the agent have to show them every offer. I tend to joke and say I even have to show you a 5 dollar offer that comes in. 

After that I've never had an issue.

Jun 21, 2015 06:33 AM
Rainmaker
831,778
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

They don't get offended by price, but if they decide the offer is not a serious one, they might reject it, and also reject any other offers submitted by those potential buyers.

Jun 21, 2015 05:05 AM
Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Some will and some won't.  I try to educate them before getting offers, but some just take everything as a personal insult.

Jun 21, 2015 04:33 AM
Ambassador
4,312,167
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Paul S. Henderson, Realtor, Tacoma Washington - as long as we set the expectations right, the seller understands that buyers still want bargain in this market! 

I believe, it's how we present the offer to our sellers.

Jun 21, 2015 04:08 AM
Rainmaker
1,444,827
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Paul S. Henderson, Realtor, Tacoma Washington Hopefully, I've educated them enough during the listing appointment to expect anything in an offer.

Jun 21, 2015 03:57 AM
Rainer
215,563
Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

No, I always prepare them.  However, when presenting such an offer, I always prep the listing agent with warning of low offer and then reasons.  Not all listings are priced appropriately, so it happens. 

Jun 21, 2015 03:42 AM
Rainmaker
3,957,763
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Paul -- I guess that it is natural but I try to let them know upfront, that anything can happen when a property goes on the market for sale. Stuff happens...

What's worse than an offer less than the listing price?  No offer.   Let's keep things in perspective.

Jun 21, 2015 03:20 AM
Rainmaker
379,289
Cindy Davis
SD Home Source Realty - San Diego, CA

If the offer is really low, then yes. my sellers do get offended.

Jun 21, 2015 01:20 AM
Rainmaker
175,464
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

Some do, but I present all offers.  Besides, I have learned that most sellers have to see what a house can't sell for, before they can accept the price it can sell for.

Jun 21, 2015 12:59 AM
Rainmaker
1,769,626
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

Sometimes they do, but I always tell them the offer is just a starting point. What's important is how we respond to keep the negotiation going forward.

Jun 22, 2015 03:34 AM
Rainmaker
4,735,692
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

If buyers offer low ball offers in our crazy seller's market, they laugh, knowing they will see 5+ more great offers.

Jun 21, 2015 09:49 AM