100 Day Challenge

A Deal A Week

Elaine Stucy

10.22 You bring a full price offer, first day on market. Seller says: I knew we priced too low!!! Let's counter at $10,000 over asking.

The seller is going to say some other things too!

How do you handle this one?

(and very sorry about Monday!-- the talk went well, I made a lot of contacts, and am looking for a property that will accomodate moose.
and
we have our first snow this morning-- be grateful that you have doorknocking weather :)

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What do you want to accomplish with this counter?

What will you do if the buyer walks away?

How will you feel if the next buyer is a lot lower than this offer no other offers show up?

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Actually, we priced to sell, remember???
Let's recall what you said is most important to you...
1)................
2)................
3)................is that correct???

Now let's review how we established pricing at the current market value.
1)................
2)....................
3).....................is that correct???

Now, let's recall the three scenarios of selling???
1) Best Scenario - lot's of showings and get a full price offer right away
2) lot's of showing but no offer's - meaning the market says your not quit right in price
3) little to no showings - meaning the markey is saying your way outta line

Would you agree we achieved the Best Case Scenario and got a full price offer on day one???
Usually, the first offer is going to be the best offer...do you really think it gets any better than that???
Now we could counter as you'd like, but let me ask you, what are tring to accomplish with a counter $10 Grand over a full price offer at current market value in a downward market???
How would you feel if the buyer just walked away???

Now, what I'm about to say may seem harsh, so may I have permission to speak frankly???
OK...if you are unwilling to accept a day one offer @ full price Best Case Scenario and counter $10 Grand over a full price offer, at current market value in a downward market and that buyer walks away, you may have just re-bought your home back for $10 Grand over full price. Is it really an option for you to re-buy your home back for that today???

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Do you remember we discussed this very scenario?

What do you want to accomplish with a counter offer?

What will you do if the buyer walks away?

What if this is the best offer you receive?

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If we had another offer, maybe, but what are you going to do if this buyer walks?

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What do you want to accomplish with this counter?

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What do you want to accomplish with this counter?

Remember when we spoke about pricing your home to sell!

Now, let's recall the three scenarios of selling???
1) Best Scenario - lot's of showings and get a full price offer right away
2) lot's of showing but no offer's - meaning the market says your not quit right in price
3) little to no showings - meaning the markey is saying your way outta line

Would you agree we achieved the Best Case Scenario and got a full price offer on day one???

Usually, the first offer is going to be the best offer...do you really think it gets any better than that???

Seller - No!

I have a crystal ball....what if the highest price you are going to see in the next 12 to 24 months is this price we have now, what will you do?

Seller - Take it!

Smart client!

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Hay...
that's my crystal ball...
where'd you find it...
I've been look'en allll over for that fool thing...
give it back...
give it back NOW

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You are too cute! It's mine for today, you can borrow it tomorrow. Wishing you a breakthrough day!

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Nope..
...can't have it.
You will FedEx, overnight...you hear!!!
Right Now...

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We can certainly do that. What message are you wanting to send the buyer?

If this buyer walks way, how will you feel?

How will you feel if your home is still on the market 6 months from now?

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How will you feel if your counter offer of $10,000 over asking causes the buyer to walk?

What will you do if the buyer walks?

Are you absolutely sure you want to bet $10,000 to possibly lose ($1,000,000)?

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What message are you trying to convey to the buyer by countering over their full price offer?

Are you willing to put the equity you have at risk for $10,000?

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