I think that this post proves, beyond a reasonable doubt, that even with a qualified, interested buyer, there are participants in this foursome that just don’t know what they are doing. When homes were 20% of today’s prices the same nonsense was going on.
It further confirms my belief that so many “professional” people involved in the industry aren’t really professionals.
Lack of skills, lack of common sense, lack of acumen.
Many just got lucky. It wasn’t because of skill or wisdom that many RE agents have done well.
In ANY market you should be getting better representation than it sounds like you are getting, but especially in this market, AND the dollar amount of the commissions is huge.
Regardless of how successful any of the parties have been, there are some poor business decisions that were made here.
In this case, I think the buyer will ultimately benefit by the sheer stupidity of the other players. We’ve got an intelligent buyer that knows what he wants, an nobody to keep a deal together ??
With this kind of money involved, sounds to me that there are high school athletes trying to play in a professional league.
Too many agents only knew how to convince people to buy something that they didn’t really want, telling them that it was going to go up, don’t worry. They don’t know how to deal with a REAL buyer that doesn’t need to be sold.
I don’t have the whole story, but I’m not so sure that the buyer’s agent is the right person for the job.
I have negotiated terms and bought properties for less than I ever thought possible because I insisted that the agent write an offer regardless of anything that was said.
This buyer has been looking for awhile. If I were representing you, you’d probably be having your 2007 Thanksgiving dinner in the wired house and I’d make sure that you had plenty of cranberries or whatever else you needed.
