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For the Sake of Negotiating... Oh How Much Fun It Is to Ride

This is in interesting point. During our office meeting in January, we were asked how many of us had already experienced multiple contracts on our listings. In a packed room of agents, half of us raised our hands. Good news to start the New Year.

For the sake of Negotiating..... Lessons of Feet Dragging - yes, even in a Buyer's Market.


So, I've experienced the Lessons of Feet Dragging, Negotiating and Dragging just for the sake of Negotiating. It is not fun to witness buyers wanting to haggle just for the sake of haggling.

In the end, when the counter offer is not accepted and a new offer is introduced into the picture, it would be very disappointing when you lose the house, the house you've been talking about and the house you've been spending your time visualizing in.

So many times I wonder why buyers cant be serious? What could $2,000 mean in a $200K transaction or better yet, $2000 in a $500K transaction? Is it worth haggling?

ABSOLUTELY NOT! After evaluating the pros and cons of going back to the sellers for a tiny pricehaggle, in the grand scheme of things, it will not make a small pinch in the monthly payment,

WHY OH WHY DO YOU RISK ANOTHER OFFER COMING INTO THE PICTURE?

Do you know until it's signed and executed, you - the buyer is still vulnerable and that you have not secured anything yet.

And agents, don't come back to tell me how your clients will now pay the price they originally agreed on. It may be too late. The seller may have signed and executed the other offer. The seller may be upset about the haggle, the seller wants to deal with the other non-haggling buyer.

I've personally experienced 2 back-to-back negotiations where buyers lost because of Negotiation for the sake of Haggling.

 


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Content & Photography Copyright © 2012 by Loreena Yeo (3:16 team REALTY)
For the Sake of Negotiating... Oh How Much Fun It Is to Ride

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Comment balloon 1 commentCheryl Ritchie • February 06 2012 05:34AM

Comments

Hi Cheryl - Thanks for reblogging this message. Something that we need to get the word out for more buyers to know. Dont lose sight of winning the war.

Talking about multiple offers - my last 2 listings have multiple offers!!!

Posted by Loreena and Michael Yeo, Real Estate Agents (3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.) over 7 years ago

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