My Friend Max Said That House Isn't Worth That!

Posted at 7:30 AM, Feb. 2, 2008

I've been a Full-time Realtor for several years and there are few things that now shock or surprise me.  I've seen and heard almost everything.  Hearing from my clients what friends and family have to say about a property is almost a daily occurrence.  It's just part of the business.

I've found the client a property in the price range that they wanted and with the criteria that meets their needs.  I've showed them the comparable properties in the area.  I've completed their market analysis for them and given them the numbers so they can make a justifiable decision.  Then enters Max.

Conversation with Client:

Max says, "Offer them $25,000 less than listed price, and see what they say."

Ok, I will submit the offer. 

The following day.  They sellers rejected the offer.

What they didn't even counter?

No, I am sorry they didn't.  The agent said their sellers were insulted by the offer.

Insulted!  In this market they should be happy to get anything.

I understand where you are coming from, but houses in the area have sold for considerable more than what you offered.

My friend Max said that house isn't worth that.

I am sorry.  What does Max do for a living?

Max is retired and he has bought and sold a lot of properties in his day.

Is Max a Licensed Realtor?

No

Is Max a Licensed Appraiser?

No, but he knows what he's talking about.

Did Max give you some data that helped him come to his conclusion?

No, but Max has been my friend for years and he wouldn't lie to me.

I assure you.  As your Agent.  I have nothing, but Your best interest in mind.

Well, we will just let it sit on the market forever then.

Ok, I will inform the other agent.  Thank you for your business.

I work with Buyers and Sellers on a daily basis.  I stay up to date on the current Market Conditions.  This may be a difficult market now, but all Sellers are not desperate.  It's great to get feedback from family and friends, but remember to let your Professional do his or her job. 

Don't put the largest investment in your life in the hands of anyone. 

When looking for a Realtor in this market; you need to be assured that your Realtor knows YOUR market!!!  Looking for Real Estate in the Ft. Smith, AR and River Valley Area.  Remember, "To Buy or Sell'um, Call Ray Nellum!"  479-414-1895