Why Home Buyers and Sellers Could Not Agree on a Price?
Coming up with the value to satisfy the sellers expectation is an easy job for the listing agent especially in a town where turnover of inventories of varying home styles, sizes and price points are aplenty. Adjustments can be made here and there. The listing agent’s creative juice can be squeezed to concoct the magic number.
On the other side, the buyer’s agent will have to find comps to justify the listing price. Ergo, protecting the clients’ interest.
When the opinion of value for both sides are irreconcilable due to huge difference despite careful consideration of the condition and location by the buyers, it likens a courtship that that never begets a seed that could grow in the middle ground.
The middle ground sits afar between two ends, almost invisible to reach and nowhere in sight.
Only time can cure the irreconcilable difference. The exposure to more potential suitors but unlikely suitable party to a relationship would make the original pursuer more attractive and reasonably handsome. Or the absence of which would make the sellers pine for the buyers offer based on straight facts, unmolested figures and reasonable but not ostentatious adjustments.
Hopefully, when that time comes, the buyers have not yet found their betrothed. Forsaken, the sellers could feel if that happens. But ostracizing the buyers with subtle rejection could bite them in the end.
The relationship between the buyers and the sellers could possibly blossom with the help of the nurturing and guiding hands of their respective representatives. Without both hands working hand in hand for the clients mutual benefits, the initial contact would not develop into something fruitful and beautiful.
“Ego shell is the hardest to break.” An agent who walks with “id” over his head with a fortified helmet should not be in the people business.
Unfortunately, the sellers could not recognize this until it might be too late because when Spring comes, the earth will be bountiful. There will be new saplings in the midst.
Latest posts by Maria Gilda Racelis (see all)
- Coventry CT Real Estate Market Report-August 2017 - August 10, 2017
- July 2017 Manchester CT Real Estate Market Update - August 4, 2017
- Manchester CT- Real Estate Market Report for First-Time Home Buyers - July 24, 2017