Lowball insult (Rant)
We have been on the market for about 30 days. The last week we have had three showings and all of them good. The last one resulted in an offer. The other two lookers (both came back a second time) were promising but one family decided to buy in the school district where they were renting and the other couple hadn't put their house on the market yet and wanted to wait until they did before making an offer (can't imagine why they came back a second time, if that's the case).
BUT, it was an insult. The buyers had previously looked at 25 houses and "liked ours the best". Yeah, right. We're listed at $429,000, a price that we feel is right in line with what has been selling around us. No foreclosures in our area. We are in a very desirable subdivision. The view from all of our rooms is fantastic (lake and mountains).
Well, the buyers came in at $375,000. No house, with our amenities and view and our size, has sold for less than $425,000. We figured that they are going around making low-ball offers and so far haven't found anyone that desparate. Well, we counted with $414,000 and told our agent that that was the lowest, we weren't going to waste time negotiating with someone who wasn't in obvious good faith. Sure enough, our agent called this morning and said they wouldn't consider it. They are going to low-ball another house in our subdivision (the buyer's agent is in her office) without a view. That house is listed at $399,000. Views are very important in this area. I'll bet the buyers offer $350,000, if that.
I know which house it is. I sure hope the sellers refuse to be insulted, also. By selling for less than their house is worth, they bring down the value of the rest of the houses in the subdivision.
We were so relieved as we were going to do whatever we could to get out of selling to these particular buyers if they met our counter offer. Things like refusing to pay for any problems encountered, etc. So, now it's back to finding a good buyer.