I must admit we`re a bit perplexed about an offer we sent to another agent in regards to a listing.
The home is located in Davie, Florida. It`s listed on the MLS for $445,000. In the remarks section it states "Range Price $445,000-$465,000".
I`m a firm believer that when a Buyer wishes to place an offer on a home, you start writing if the offer is in reason. In this case, the offer was well in reason. We sent our offer to the other agent for $439,000.
The other agent received our offer became "HIGHLY AGITATED" and wrote me a letter informing us that " Our seller refuses to accept your offer because it`s not in their Range Price!" Not in a Range Price, I start laughing to myself. In a market like this?!
Interesting how aloof this agent was towards both myself and the potential buyer.
Range Price is meaningless,if a buyer places an offer, you either counter, or you don`t. It`s not cause for an agent to have a "Mental Breakdown"..
Oddly enough, the home has been on the market since Sept. There hasn`t been much activity on this listing. The agent should have handled our offer differently.
I decide to call the other agent, who seemed annoyed that I would have the gall to contact him!
Me:I received your letter detailing that the seller is upset because we didn`t follow your "Range Price". I never realized that we had too!
Range Price Aficionado: You and you`re buyer are not following our rules! We won`t entertain any other offers.
Me: In a market like this, I`m taught that we work with each other, not alienate a buyer from purchasing a home, especially since it`s been on the market for almost 6 months!
Range Price Aficionado: My seller won`t look at other offers... You better hurry, we`re getting tons of activity on this home!
Me: Really? I suggest that you counter, I`m calling your bluff.The comps in the area tell me that our offer is "On Target". If we don`t hear back from you by Monday morning, we`ll rescind our offer and move on!
I have been in many transactions, lesson number one is to always present an offer to your seller and let the seller decide,not take an offer personally because you opt to have a "Range Price" on the MLS.
I have a very strange feeling the agent will finally sit down with the seller and discuss our offer.Range Pricing or not!
http://www.floridalistforlessrealty.com/
