I put in an offer on a house that had been on the market for months at 97% of their asking price. I was pretty familiar with the market, and the offer was probably more than the house was worth, but I had seen 80ish homes by that point, and this was by far the best fit. It was still very much a buyer’s market at this time, and people would crow about getting offers so close to their asking price. Well, my realtor came back and told me the guy said my offer made his wife cry and they refused to negotiate further. Well ok, I moved on. About six weeks later they came back and asked if my offer was still good. I guess they finally got another offer and it was much lower. We did close the sale, but I found out later that his selling agent said he was one of those nightmare clients that just had totally unrealistic expectations about the whole process. Facebook marketplace is basically this without the agents to facilitate the process, so its pretty messy at times.
I put in an offer on a house that had been on the market for months at 97% of their asking price. I was pretty familiar with the market, and the offer was probably more than the house was worth, but I had seen 80ish homes by that point, and this was by far the best fit. It was still very much a buyer’s market at this time, and people would crow about getting offers so close to their asking price. Well, my realtor came back and told me the guy said my offer made his wife cry and they refused to negotiate further. Well ok, I moved on. About six weeks later they came back and asked if my offer was still good. I guess they finally got another offer and it was much lower. We did close the sale, but I found out later that his selling agent said he was one of those nightmare clients that just had totally unrealistic expectations about the whole process. Facebook marketplace is basically this without the agents to facilitate the process, so its pretty messy at times.