Counterpoint to Cindy Jones' blog titled, "Mr. Seller You Didn't Accept Our Offer On Your House-It's Okay We're Not Heartbroken"
Dear Ms. Buyer,
You made an offer on our property. The offer was nowhere near our asking price. We have a great listing agent and our list price is actually below the median sales price in the neighborhood. We understand that we have not done some of the upgrades that a few of the other sales have made and we factored that into our list price.
We were not sure how you arrived at your offer so we had our agent talk to your agent. While there are 12 comparable sales in the neighborhood, your agent pulled the two lowest sales (foreclosures) and averaged them to arrive at her estimate of market value. You then offered ten percent less and asked us to pay all your closing costs plus leave the media equipment.
Our agent talked to your agent but she held her ground that her estimate of market value was correct. We eventually decided that this was going to be a waste of time so we rejected your offer.
The nice thing is our home is paid for and while we would really like to sell; this is not a distressed sale situation. If you're bargain hunting, please move on down the line and find another property. There are some short sales and foreclosures from the down-line builder available in the neighborhood. We understand that you are relocating from an area where properties are selling for 50 percent of what they did a few years ago, but that's not the case here.
We wish you the best of luck in your home search and hope you find that bargain you're looking for.
PS - This is a true story. We sold the property a couple of weeks later very close to list price.
Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton. While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure. Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.
Copyright 2009-2012 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.
All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.
