The Audacity of Some People

Posted at 5:36 AM, Nov. 13, 2008

Now I know that there is a market out there that encourages buyers to take advantage of opportunities.  Heck, there are several sellers who will entertain anything, but I think the key here is to identify which properties those might be.  For example, properties that have had several price drops and seem to be market chasing.  This would also include properties with extremely high market time.

However, what I do not think is acceptable is that there are buyers out there looking at homes WELL beyond their price range and figure every and any seller must be desperate.  What I find worse is, what agent is putting these buyers in their cars without knowing what they truly can afford?  I have had several showings in the last couple of weeks that involved buyers who could not qualify to purchase the listings they were looking at!  We are not even talking in the ball park. 

The best is, last night I received a verbal offer via an agent from his client who offered $120K less than the asking price.  Now bear in mind, we are already very competitively priced and just dropped it $20K.  As if trying  to make it plausible, the agent said that this is all the buyer could afford.  Which leads me to the big question, "WHY are you showing your client homes that are CLEARLY out of their price range????" 

Can the garbage-pickers of buyers and agents kindly step aside?  Apparently we have reached a time that I will need to pre-screen buyers AND their agents since those agents don't seem to be doing the job, or care for that matter.