Birmingham Real Estate: You've Got Options: March 2013

Consequences of Decisions When Buying and Selling a Home

Consequences of Decisions When Buying and Selling a Home


Unsold HomeIt's always a shame when negotiations don't result in a sale.  After all, you have a seller that wants to sell a home and by all appearances, a buyer interested in buying said home.  One would think that those offers would or could always result in a contract.  Needless to say, some things just get in the way.  More than anything else, I'd say that the following examples cause more lost transactions than anything else.

Pricing based on the seller's need rather than based on the home's value
What happens here is that the buyer may submit an offer at market value which falls well below the seller's needed price.  In a contentious moment, the seller may be furious and offended.  This is a situation that perhaps could never result in a contract unless the seller faces the conclusion that the need has nothing to do with value.

Buyer submits an offer that is grossly under market value.  
Again seller may take offense, but the offer in hand is better than none at all.  I think that sellers should resist this apparent new trend of their agent's advice to  "not accepting an offer and suggesting that buyer submit a new offer." In my little, itty bitty mind, that's the most ridiculous thing I've ever heard.  Sure I wish that buyers would just come right or don't come at all, but I certainly if I were a seller, I wouldn't want to risk loosing a perfectly good buyer due to a condescending jesture as requesting a new offer.  Why wouldn't a seller just counter the darned offer?  If you can help me to make sense of this strategy, I'm listening.

Both parties refuse to accept the reality of the situation
The one that really suffers the most is the seller because their home will continue to languish on the market.  The buyer on the other hand (after loosing out on a number of homes) will finally come to the conclusion that s/he'd better wise up and make offers that had a great chance of being accepted.  Eventually they'll be a homeowner.  But the seller......well if reality never sets in, they'll just continue to pretend that their home is for sale.

 

Origin of BDAMB from Bham (The Back Door Ambassador Series)

BDAMB Gains Access Through Front Door

Charita Cadenhead, Your Metropolitan Birmingham, Alabama Real Estate Broker of Choice

Got a question about Metropolitan Birmingham real estate? Just ask Charita. Need a good Realtor(R) to help you find a new home or sell the one you already own?  Just shoot me an email.  In need of a rental property?  Subscribe to be notified whenever we list a new or home for sale.

        
Charita H. Cadenhead, Realtor®
Keller Williams Realty Metro North
Gardendale, AL 35071
Search for properties at Charita Cadenhead's website
(205) 527-1112 - cell
(800) 496-7431 - Fax

One thing about being in real estate:  I can't hide even if I tried. Charita Cadenhead:  I'm Everywhere You Want to Be!

Follow Us on FacebookFollow Us on Google+Follow Us on TwitterFollow Us on LinkedInFollow Us on YouTubeFollow Us on RSS

Protected by Copyscape Plagiarism Finder

Comment balloon 8 commentsCharita Cadenhead • March 28 2013 06:30AM
Consequences of Decisions When Buying and Selling a Home
share
Consequences of Decisions When Buying and Selling a Home It's always a shame when negotiations don't result in a sale. After all, you have a seller that wants to sell a home and by all appearances, a buyer interested in buying said home… more
Ask An Ambassador- Why Should I Be a Rainmaker?
share
I know that becoming a Rainmaker cost money. I paid that price for a Rainmaker account. It took one phone call from Ann Allen and the next thing I knew, there was a blue badge under my name. If you are wondering whether the Rainmaker account… more
Birmingham Reads: An Opportunity to Give Back
share
Birmingham Reads: An Opportunity to Give Back Don't forget that April 18, 2013 is Birmingham Reads Day. Birmingham Reads provides an opportunity for volunteers to go into the Birmingham Schools and read to children and hand out books. It is… more
WHAT'S THE KEY TO BLOGGING? IF YOU CAN TALK, YOU CAN BLOG!!!
share
The simplicity of Paula's post is as close to genius as you can get if you ask me. The one thing that new bloggers overlook is that writing a blog post is just like "verbally" explaining a concept to someone except you are putting your.. more
The Best Priced Home in Center Point's Arrowhead Subdivision
share
The Best Priced Home in Center Point's Arrowhead Subdivision There is no doubt that I just listed the best priced home in the Arrowhead subdivision in Center Point located at 2808 Arrowhead Drive, Birmingham, AL 35215 I'll be more than… more
3 Bedroom/2 Bath Home in Arrowhead Subdivision Clay Chalkville Schools
share
3 Bedroom/2 Bath 1. 5 level home Overview Maps Photos Description $71, 075 Single Family Home Main Features 3… more
The Term Lowball Offer Only Applies When Homes are Priced Right
share
The Term Lowball Offer Only Applies When Homes are Priced Right When offers are made and presented, the one thing that we all have to remember is that a lowball offer is only a lowball offer if the house is properly priced. Should the buyer… more
Over 350 Foreclosed Properties Now Available in Jefferson County AL
share
Over 350 Active Foreclosured and Bank Owned in Jefferson County Alabama Metropolitan Birmingham Alabama is an investor's dream for rental and/or flips. As of today there are over 350 foreclosed properties in Jefferson County, Alabama. … more
Making an Offer on a Home That Has a Reasonable Chance of Accepted
share
Making an Offer on a Home That Has a Reasonable Chance of Accepted As a home buyer, when you hire a real estate agent, our primary responsibility is to find the home that you've described to us with all of the amenities that you… more
Has Previewing Homes Gone by the Wayside?
share
Has Previewing Homes Gone by the Wayside? I recently read a comment whereby a member said that they didn't preview homes (there was one exception). But it just made me wonder if previewing homes has gone by the wayside. I know that… more