Quinte, On. real estate agent: You snooze, you lose

You snooze, you lose

Last week one of my listings sold. This particular property had been listed since the fall and I was starting to despair that it would ever sell at the price it was listed. There were lots of showings at this house, and a lot of other agents had given me some fairly positive feedback for it. I will admit that the house was listed at the upper end of its price range, but my client decided that this was the price that she wanted, and ultimately I suppose she was right because she did get that price. Personally, I would have prefered to have seen it priced a little bit lower and maybe had a quicker sale, however it was my client's call.

The day after the house disappeared from the MLS listings I was contacted by two different people (one by email and one by phone) asking what had happened to the house. These were two people who I had never seen, heard of, or had any sort of communication with while the house was for sale. The one gentleman went so far as to say that he and his wife had been looking at the house for a few weeks and had their "hearts set on it". They had figured that it had been listed for so long that a price reduction was inevitable, and at that point they would have come to have a look. He seemed almost angry that someone had the nerve to buy the house before he was consulted. The other person, a lady sent me a nice email saying that she drove by the house almost every day on her way to work and that she was really hoping to get in and have a look sometime this spring because the location was perfect, the house and lot were the right size, and the pictures on the MLS looked so pretty. It would be a long time before a house that met so many of her wants and needs would be listed again.

I had to explain to them  "you silly pratts, while you were sitting on the fence being too clever for your own good with your silly little games, someone with a backbone decided that they wanted the house and came and made a proper offer."   that this was the nature of real estate.  Sometimes   when we are too finnicky and trying to squeesze the maximum advantage out of a situation because of our greed    someone else will put an acceptable offer on the table while we are still dickering about   weighing our options

Normally I would have tried to turn situations like these around and offered to show them similar properties in the price range, but the problem is that there are none, and secondly the gentleman seemed genuinely hostile that I thought it best that I let him go elsewhere. Besides, I really don't like working with people who dither about and can't commit to something good when they see it.

Comment balloon 8 commentsMalcolm Johnston • April 21 2010 03:35PM

Comments

Wouldn't it be great if we really could say what we think to these kind of people. Congrats on getting a good offer on the property- It must have been the great marketing!

Posted by Ellie McIntire, Luxury service in Howard County & Catonsville (Ellicott City Clarksville Howard County Maryland Real Estate) over 8 years ago

Malcolm,

You did the right thing letting him go elsewhere; he would have been a pain in the ass.

Posted by Terry Chenier (Homelife Glenayre Realty) over 8 years ago

Ellie McIntire Real Estate in Howard County Maryland (The McIntire Team of Long & Foster) Lol Ellie, it really would be great if we could let loose on these people, however, for now I'll just have to be satisfied by venting in a blog.

Terry Chenier (Homelife Glenayre Realty) Terry, thanks. I get the feeling he would have been difficult to work with.

Posted by Malcolm Johnston, Trenton Real Estate (Century 21 Lanthorn Real Estate LTD., Trenton, Ontario) over 8 years ago

Malcolm,

It always amazes me that just when an offer comes in on a property, suddenly all kinds of people want it. Where were they before?
It seems a lot of people don't really want something until they see that it's desired by other people too...then suddenly, it was the perfect property for them. Myself, I think there are other circumstances (besides what they are disclosing) that stop them from pursuing a property.

Jo

Posted by Jo-Anne Smith over 8 years ago

Hi Malcolm,

I love the reply you resisted to say. It's almost like we have split personalities, isn't it? Thinking one thing but willing our mouths to speak or our fingers to type something more "diplomatic"?

Funny post :) Thanks for sharing.

Posted by Not In Real Estate Any Longer over 8 years ago

Jo-Anne Smith- Oakville, Burlington and Mississauga Region Real Estate, Ont (Brekland Realty Group) Isn't that amazing Jo, as soon as something sells all these people come out of the woodwork.

Pam McInnes (Peak Realty Ltd., Waterloo, Ontario, CANADA) Pam, there are times when I really have to bite my tongue in this business.

Posted by Malcolm Johnston, Trenton Real Estate (Century 21 Lanthorn Real Estate LTD., Trenton, Ontario) over 8 years ago

PErfect.  If I had been the listing a

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