This looks pretty normal:
In an era where 50% or more of the homes for sale receive multiple offers, yet half or more of the sellers don’t ask the buyers to improve their offer – they just grab one instead? Money is being left on the table coast-to-coast:
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Read the full survey here:
From their last page:
Speaking of gifts from buyers, we asked our sellers if buyers used any unusual tactics to try to win a bidding war, and the results were shocking. When flattery and (possibly) bribery didn’t work, some buyers turned to more nefarious tactics.
Among the troubling experiences sellers reported, the highlights include:
- An offer of two fully paid, all-inclusive tickets to a resort in Hawaii, presented over dinner
- Offering a $10,000 signing bonuses if the offer was accepted by midnight
- Buyers offering to buy toys and gifts for the seller’s children
- Three weeks at a time share in the Bahamas
- A buyer lying to the seller and saying they knew the seller’s grandmother
- A buyer texting a seller each morning to ask if they had received any better offers
- Buyers promising one price to sellers but writing their offers at a significantly lower price
- Telling the seller a home was on ancestral lands
- Heartfelt personal letters in hopes of tugging on a seller’s heart strings
- An offer to purchase the home with Bitcoin
- Attempted to give the seller exotic animals and a car to accept their offer
Just some of the tactics sellers reported buyers using to have their offer chosen include:
- A buyer lying to the seller and saying they knew the seller’s grandmother
- A buyer texting a seller each morning to ask if they had received any better offers
- Buyers promising one price to sellers but writing their offers at a significantly lower price
- Telling the seller a home was on ancestral lands
Really enjoy your content and humor. Thought I would forward this FYI Interesting how fast Real Estate can move, also saw Compass burned a lot of agents with stock options. You ever think you may go solo again especially with the new changes and attacks on buyers agents? You where always the best “front man” of the band anyway, with your great family, you dont need more corporate BS. I went to ASU thinking about moving make to Northern AZ myself.
https://www.nytimes.com/2022/03/04/realestate/real-estate-agents-pandemic.html
Hello Truth Man!
Maybe but not likely. We are on an annual contract with Compass (up in July). If they unreasonably tweaked it, then we’d have a situation.
Northern AZ is great, and I haven’t been there in years – but I doubt it’s changed much. Just more people.