A pox on the buyers who stole my house

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't get it. Why should the sellers have to chase you down for a better offer? If you wanted to go higher, put in an escalation clause. It seems like you want the sellers to ping-pong back and forth between you and the other offeror, watching you each creep up in tiny increments. If I'm the seller, I want finality. I set a deadline, and whichever offer is best gets the house.

+1. The sellers want the best price they can get for the least amount of work. You basically gambled that they would work you for more money and they decided to take another higher offer without your gamesmanship. You tried to get the house for lower than you were willing to go and they decided to just take a higher offer. If you were willing to bid more, you should have put an escalation clause in which would have let your offer match the other offer automatically without them having to negotiate with you. You gambled and deserved what you got. The other buyers bid higher and won the deal. You have only yourself to blame. When I sold my last house, I wasn't playing these stupid games. No escalation clause lost out to a higher bid and I didn't have to spend time negotiating and compromising. Buyers like you are a pain in the a$$.

Agreed. You gambled and lost. Clearly this wasn't a game to the sellers and the buyers made a better offer. Simple. Keep your pox and turn that negative energy into something more productive. Like a better offer next time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't get it. Why should the sellers have to chase you down for a better offer? If you wanted to go higher, put in an escalation clause. It seems like you want the sellers to ping-pong back and forth between you and the other offeror, watching you each creep up in tiny increments. If I'm the seller, I want finality. I set a deadline, and whichever offer is best gets the house.

+1. The sellers want the best price they can get for the least amount of work. You basically gambled that they would work you for more money and they decided to take another higher offer without your gamesmanship. You tried to get the house for lower than you were willing to go and they decided to just take a higher offer. If you were willing to bid more, you should have put an escalation clause in which would have let your offer match the other offer automatically without them having to negotiate with you. You gambled and deserved what you got. The other buyers bid higher and won the deal. You have only yourself to blame. When I sold my last house, I wasn't playing these stupid games. No escalation clause lost out to a higher bid and I didn't have to spend time negotiating and compromising. Buyers like you are a pain in the a$$.

I guess I don't really understand this. Let's say I'm the seller and I get two offers. What's wrong with spurring a little healthy competition for the house? "Hi lowest bidder, we have an offer for X, would you be willing to pay $X thousand more?" Maybe the buyer's agent sucks, maybe the buyer didn't evaluate how much they wanted the house, but if one phone call could get another few thousand dollars for the seller isn't that a good outcome? I'm not sure I'd want to play this game if I was a buyer but I'm sure there's people out there that would.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Two realtors dominate our neighborhood and price-fixed it to create an artificial low. Houses on a very busy main road around the corner with smaller lots and homes list for 500k to 1 mil more.

A seller does not have to choose one of these two realtors. If your neighbors are not happy, use a different realtor. Or am I missing something?

+1

Not all of us realtors are shady despite the thoughts of others. I have great relationships with past clients.