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SD Realtor
ParticipantDave I agree about your assessment. Anyone that gaurantees a sale in this market has to have a serious hook on the end of that sucker.
SD Realtor
ParticipantDave I agree about your assessment. Anyone that gaurantees a sale in this market has to have a serious hook on the end of that sucker.
SD Realtor
ParticipantI dealt with them on two instances…
1 – There was a buyer of mine lastyear who liked a Battiata home. We submitted an offer but the seller didn’t take it.. We came in about 5% under asking. The home never sold. Matt (Battiata) was very nice to deal with over the phone and I hold no beef against him.
2 – I had some clients in Vista who used him to sell thier home. It never sold so they called me. I took the listing and priced it significantly lower then the price was when Battiata had the listing and the home sold. I also got to have the listing in the spring where Battiata had it through the winter and fall. Also Matt was VERY nice to me and let me use the same pictures he took (which he did not have to do) on the listing. I would also surmise that he did indeed advise the sellers to lower the price while he had the listing and they were most likely stubborn so most likely no fault to him. So they were sufficiently softened up by the bad market when they came to me.
So overall my dealings were positive with Battiata. In both instances I worked with Matt.
SD Realtor
ParticipantI dealt with them on two instances…
1 – There was a buyer of mine lastyear who liked a Battiata home. We submitted an offer but the seller didn’t take it.. We came in about 5% under asking. The home never sold. Matt (Battiata) was very nice to deal with over the phone and I hold no beef against him.
2 – I had some clients in Vista who used him to sell thier home. It never sold so they called me. I took the listing and priced it significantly lower then the price was when Battiata had the listing and the home sold. I also got to have the listing in the spring where Battiata had it through the winter and fall. Also Matt was VERY nice to me and let me use the same pictures he took (which he did not have to do) on the listing. I would also surmise that he did indeed advise the sellers to lower the price while he had the listing and they were most likely stubborn so most likely no fault to him. So they were sufficiently softened up by the bad market when they came to me.
So overall my dealings were positive with Battiata. In both instances I worked with Matt.
SD Realtor
ParticipantPK it is simply a commentary of out of touch sellers. It also is likely that they are having thier stubborn position cemented by the listing agent. It would not surprise me if they had several agents tell them the same thing. This is what it is and while it is unfortunate, it will not be remedied until sellers get through the denial phase which they are certainly sitting in now. Don’t sweat it… you have time on your side and eventually the home will sell or it will not and they will reprice.
SD Realtor
ParticipantPK it is simply a commentary of out of touch sellers. It also is likely that they are having thier stubborn position cemented by the listing agent. It would not surprise me if they had several agents tell them the same thing. This is what it is and while it is unfortunate, it will not be remedied until sellers get through the denial phase which they are certainly sitting in now. Don’t sweat it… you have time on your side and eventually the home will sell or it will not and they will reprice.
SD Realtor
ParticipantRaptor –
Good response. I think you are handling the situation very well. Look it is always a pain in the ass buying a home. You are coping and will eventually find the place you want. Here are a few observations….
1 – Bob S had a great post. Yes yes yes I have had the selling agent (that is actually the agent that represents the buyer… the agent representing the seller is known as the listing agent) call me up to ask if he/she could personally present the offer to myself and my client! This is VERY VALID and it merits consideration. (Good call Bob)
2 – Getting back to your original beef, it is with the listing agent. It is very frustrating indeed. However you have to remember that the listing agent is EMPLOYED by the seller and acts under instructions from the seller… IDEALLY… If you want to challenge that system you are welcome to do so… Some would say to send a correspondence directly to the seller if you feel that the listing agent is not acting under the sellers direct instructions. Nothing is stopping you from doing that. I am not saying this will produce a desired result nor am I advising you to do so. It is an option.
3 – You have employed an agent to work for you. Thus you should instruct that agent accordingly or ask for her/his guidance on how to deal with the problem.
4 – Stick to your guns, however don’t be discouraged. If the listing agent says don’t bother writing an offer up at so and so of a price, you should assume that this statement was made because the seller asked the listing agent to do so. I really really REALLY think that most of the difficulty you have encountered is from the sellers and not the agents… you don’t have access to the sellers which is very frustrating. What is even more frustrating is you see the boneheaded results of the sellers intransgience. That the home sells later down the road for a lesser price or something like that.
5 – As far as the electronics go in the home you wanted… again, the listing agent is an agent for the seller and acts in the sellers best fiduciary interest UNDER the sellers direction. While you feel it was the underhandedness of the listing agent that killed the deal it had to be authorized in the end by the seller.
As a side note, the disdain for agents on this site is not a big deal for me. However just like I blame the buyer for buying the overpriced home even though he was stupid enough to listen to the hot air from the realtor and the blue smoke from the mortgage broker… I blame sellers for sticky pricing and not pricing to sell and playing jerk around games. There are PLENTY of lame agents that muck things up… no disagreement… Yet if you price the house at price X which was recommended (most likely incorrectly) by the listing agent… and it doesn’t sell… it doesn’t take a PHD to figure out that you need to adjust it until it does sell.
SD Realtor
ParticipantRaptor –
Good response. I think you are handling the situation very well. Look it is always a pain in the ass buying a home. You are coping and will eventually find the place you want. Here are a few observations….
1 – Bob S had a great post. Yes yes yes I have had the selling agent (that is actually the agent that represents the buyer… the agent representing the seller is known as the listing agent) call me up to ask if he/she could personally present the offer to myself and my client! This is VERY VALID and it merits consideration. (Good call Bob)
2 – Getting back to your original beef, it is with the listing agent. It is very frustrating indeed. However you have to remember that the listing agent is EMPLOYED by the seller and acts under instructions from the seller… IDEALLY… If you want to challenge that system you are welcome to do so… Some would say to send a correspondence directly to the seller if you feel that the listing agent is not acting under the sellers direct instructions. Nothing is stopping you from doing that. I am not saying this will produce a desired result nor am I advising you to do so. It is an option.
3 – You have employed an agent to work for you. Thus you should instruct that agent accordingly or ask for her/his guidance on how to deal with the problem.
4 – Stick to your guns, however don’t be discouraged. If the listing agent says don’t bother writing an offer up at so and so of a price, you should assume that this statement was made because the seller asked the listing agent to do so. I really really REALLY think that most of the difficulty you have encountered is from the sellers and not the agents… you don’t have access to the sellers which is very frustrating. What is even more frustrating is you see the boneheaded results of the sellers intransgience. That the home sells later down the road for a lesser price or something like that.
5 – As far as the electronics go in the home you wanted… again, the listing agent is an agent for the seller and acts in the sellers best fiduciary interest UNDER the sellers direction. While you feel it was the underhandedness of the listing agent that killed the deal it had to be authorized in the end by the seller.
As a side note, the disdain for agents on this site is not a big deal for me. However just like I blame the buyer for buying the overpriced home even though he was stupid enough to listen to the hot air from the realtor and the blue smoke from the mortgage broker… I blame sellers for sticky pricing and not pricing to sell and playing jerk around games. There are PLENTY of lame agents that muck things up… no disagreement… Yet if you price the house at price X which was recommended (most likely incorrectly) by the listing agent… and it doesn’t sell… it doesn’t take a PHD to figure out that you need to adjust it until it does sell.
SD Realtor
ParticipantHi Rus –
I don’t have anything against the letter of intent. Again though, I have received letters of intent for listings I have had and in some cases an offer followed and in others it did not. So I don’t get to excited if I have a listing and one comes in. If I am on the buyers side I don’t send them in, I would rather just write up an RPA. I feel that carries more gravity.
No strong opinion either way though to be honest.
SD Realtor
ParticipantHi Rus –
I don’t have anything against the letter of intent. Again though, I have received letters of intent for listings I have had and in some cases an offer followed and in others it did not. So I don’t get to excited if I have a listing and one comes in. If I am on the buyers side I don’t send them in, I would rather just write up an RPA. I feel that carries more gravity.
No strong opinion either way though to be honest.
SD Realtor
ParticipantHi Jimmy… It is just a guess but it could be that they raised it because they got a lower offer and submitted it to the lender and the lender declined. After all it is a short sale. This is just a guess but it could be a possible explanation. Another possibility is that the sellers were not the brightest bulbs in the shed and never calculated out their net on a lower selling price.
SD Realtor
ParticipantHi Jimmy… It is just a guess but it could be that they raised it because they got a lower offer and submitted it to the lender and the lender declined. After all it is a short sale. This is just a guess but it could be a possible explanation. Another possibility is that the sellers were not the brightest bulbs in the shed and never calculated out their net on a lower selling price.
SD Realtor
ParticipantRaptor (and others)….
I really love to play hold em. It is a great game. You sit around a table and everyone sits there and tries to take each others money. While cards in general indicates a game of chance and luck… many card games involve skill including calculating odds and expected payout to determine if your wager is worth making. Now, the best thing about hold em is that you can play for free with the exception of having to ante if you are the big or little blind. One thing that any seasoned player will tell you is that you need to take emotion out of your game in order to succeed.
The point of the that analogy is that when you are thinking of buying a home you should not let external influences cloud your judgement or strategy. You have the freedom to send in an offer AT ANY TIME AT YOUR PRICE. It costs you nothing. Raptor your strategy is not much different then many clients I have. I often wonder why they draw such a hard line if they find out others are interested in the home they like. It happens alot, we see a home and they want to make an offer. They ask me to call the listing agent and feel them out or see if they have interest. Of course 99% of the time, the listing agent says yeah we have had LOTs of activity or an offer is coming or we have an offer. Pretty much none of the time the agent says, no the home is dead and nobody has shown up….So then the buyer gets discouraged and says “well okay we really like it but I am not going to get caught up if they have offers. The house sat for 67 days and all of the sudden they get offers.. I think they are playing me! There agent is full of crap!”
My response is always the same, “So what?”
Invariably the answer is one of emotion and an almost self righteous response. “Well I don’t want to get in a bidding war. I don’t want to play that game… I don’t want to be used to get someone elses bid higher.”
Again, my question is the same, “So what?”
The bottom line is when you really peel the onion, if you are a buyer and your strategy gets deterred because the other agent says something about other offers, then you are basing your decision on emotion. Which is okay! I understand that. However don’t blame the other side for you not getting the home. It is not their fault. If you never made the offer, you never can blame the other side for not accepting it. You see what I mean? You can put blame on the other guys agent or the other guy himself or whatever, but in the end, it was your decision not to make the offer, not his or not the agents.
Look Raptor, it is 100% free of charge to make offers.. I understand you have your own principles… That is fine… but if you really liked the 5 properties then you should have made 5 offers. Don’t worry about what the other agent says… If you love the home implement the strategy you and your agent have come up with and write the offer… if they don’t accept it… move on… you’ll find another home you love.
I would bet on it.
SD Realtor
ParticipantRaptor (and others)….
I really love to play hold em. It is a great game. You sit around a table and everyone sits there and tries to take each others money. While cards in general indicates a game of chance and luck… many card games involve skill including calculating odds and expected payout to determine if your wager is worth making. Now, the best thing about hold em is that you can play for free with the exception of having to ante if you are the big or little blind. One thing that any seasoned player will tell you is that you need to take emotion out of your game in order to succeed.
The point of the that analogy is that when you are thinking of buying a home you should not let external influences cloud your judgement or strategy. You have the freedom to send in an offer AT ANY TIME AT YOUR PRICE. It costs you nothing. Raptor your strategy is not much different then many clients I have. I often wonder why they draw such a hard line if they find out others are interested in the home they like. It happens alot, we see a home and they want to make an offer. They ask me to call the listing agent and feel them out or see if they have interest. Of course 99% of the time, the listing agent says yeah we have had LOTs of activity or an offer is coming or we have an offer. Pretty much none of the time the agent says, no the home is dead and nobody has shown up….So then the buyer gets discouraged and says “well okay we really like it but I am not going to get caught up if they have offers. The house sat for 67 days and all of the sudden they get offers.. I think they are playing me! There agent is full of crap!”
My response is always the same, “So what?”
Invariably the answer is one of emotion and an almost self righteous response. “Well I don’t want to get in a bidding war. I don’t want to play that game… I don’t want to be used to get someone elses bid higher.”
Again, my question is the same, “So what?”
The bottom line is when you really peel the onion, if you are a buyer and your strategy gets deterred because the other agent says something about other offers, then you are basing your decision on emotion. Which is okay! I understand that. However don’t blame the other side for you not getting the home. It is not their fault. If you never made the offer, you never can blame the other side for not accepting it. You see what I mean? You can put blame on the other guys agent or the other guy himself or whatever, but in the end, it was your decision not to make the offer, not his or not the agents.
Look Raptor, it is 100% free of charge to make offers.. I understand you have your own principles… That is fine… but if you really liked the 5 properties then you should have made 5 offers. Don’t worry about what the other agent says… If you love the home implement the strategy you and your agent have come up with and write the offer… if they don’t accept it… move on… you’ll find another home you love.
I would bet on it.
SD Realtor
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