Prep Monday—Clients and Agents


Good grief. Realtors are nuts—apologies to those I know. I’ve seen so many listings with either no pictures, pictures of neighboring property, or artistic pictures which look pretty but tell you nothing. Also, if a realtor doesn’t give an address, it’s really flippin’ hard to find on Google or wherever.

And clients. Sheesh. We made an offer on that property I talked about last week, a verbal one; no sense in doing reams of paperwork if the seller isn’t interested. Sheesh. Yes, I said it again.

So here’s what happened:

We told our agent to make the offer at $1,000 per acre. I’m not stupid, I researched first, and what I came up with was that land in that area averaged $975 an acre. By the way, the asking price was $65,000, or $1,548.

It took 10 days for the seller to respond. Hello? Email? Whatever. She said it was too low to counter, that other properties were around $1,700 per acre, it was “cleared,” and besides, it was “beautiful.”

Yeah, so?

Realtors, you know the drill—people have attachments to their homes and land, they think it’s awesome, etc., etc. I clearly remember a house we looked at a few years ago that boasted “new carpet!” It was bright blue. Bright. Blue. Hideous, to probably everyone but the seller.

Well, this chick is wrong. Wrong, wrong, wrong. “Beauty” has little to do with the value; the picturesque barn is a white elephant; “cleared” is not the same thing as two small tracts of pasture. And yes, the price is too high—it’s been on the market for six months. The property she thinks is comparable has usable outbuildings, or wells, or septic, etc.

Well, in the interests of buying a piece of property now, because we’re running behind schedule, we upped it to $50K with a formal offer. Guess what? We can’t do that until the listing agent re-ups it on the MLS. The listing expired. Go figure. The agent is a 20-something who appears to be working for Daddy. Fine, just do the damn job. And quit taking those artsy-fartsy pictures!

 

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2 comments on “Prep Monday—Clients and Agents

  1. Call the vendor directly, the listing’s expired with an active OFFER outstanding?? Make a final offer and walk if she doesn’t accept it. The agent isn’t doing his job. *sigh Point out to the vendor she can save the realtor’s fee which is probably outrageous. What she’s doing is adding the realtor’s fee to the top end. She likely hasn’t had another viable offer.

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