See, No Charm

Well, I just heard from Kathy and they supposedly have another offer on the house, too.  So, I’m supposed to come up with what I would give as my best offer and let her know in the next hour and, if they don’t take it, we’re taking a month off to not think about houses at all, because, damn.

So, yeah, I’m probably not going to get the house.

What can you do?

It sucks.

My only consolation is that I bet those folks didn’t go out there and measure it, so they probably still think they’re getting a 1100 square foot house.

That’s not really much consolation.

17 thoughts on “See, No Charm

  1. That’s a bullshit negotiating strategy and borderline unethical. Fuck them. If they have a better offer, then they need to take it. There’s a sucker born every minute. Don’t be a sucker.

  2. I’ve repeatedly told her that same thing. Sorry, kathy, but bringing that to B was bullshit. This ain’t a seller’s market, and its a tiny house.

    Walk away fast.

  3. Sorry, kathy, but bringing that to B was bullshit.

    Isn’t a realtor required to tell their client what the sellers are saying? That’s hardly bullshit, that’s her JOB, Mack.

  4. Thats only half her job, Ivy. The other half involves advising her client when a seller is negotiating in bad faith. There is absolutely no upside to tendering another offer. Lets not let friendship cloud the issue. I like Kathy very much, but I’m concerned that in almost every case, B has been counseled to make a full price offer.

    Bidness is bidness.

  5. Wait a second, Mack. Unless you know the entire conversation that took place between Kathy, the Realtor, and Betsy, the home buyer, you need not bring their personal business onto this blog.

    Business is business.

    Let’s not go there, here…before this gets yukky, ok?

    And before everybody yells at me I’m saying this is the good faith of trying to be a peacemaker before all hell breaks loose on this blog and a bunch of feelings get hurt.

  6. Aunt B. kathy knows what she is tlking about. she does her job with pride and diginity. I am glad she told you that the house might not be 1100 sq feet. why pay more for something and not get it? I know Kathy and yourself have worked together to find the right home and if its meant to be you will have this home if not then there is a home out there for you. Don’t get discouraged. things happen for a reason and when the right house is there you will know it! I did all my homework on the house I am buying and got opinions from everyone. some were great and some were bad but it’s my money and my investment so I make the final decision not someone else!

  7. Yes, but she didn’t, in this case, council me to make a full priced offer or anything even close to a full priced offer. The seller could very well be negotiating in bad faith. That’s fine. Kathy’s not making decisions for me; she’s trying to provide me with enough information to make the decisions myself.

    So, yes, really, I know as much as Kathy knows and, while I am free to make all kinds of speculations, she is not.

  8. you need not bring their personal business onto this blog.

    Well, i didn’t. I didn’t author this post about buying the home. I commented.

    I’m way past trying to make sure no one gets unduly bent out of shape over an observation i make. I can call “bullshit” on something or someone and still remain friends with them.

    Bearoller managed to get his opinion in about Kathy T’s professionalism, and i respect his opinion, just like I respect kathy…but I am at least somewhat more involved in this saga than most readers here, so i think I’ve earned the right to chime in.

    No need for yuckiness.

  9. Have you offered what you thought was a fair price for a house that was misrepresented as being one-fifth bigger than it actually was? If so, that’s your best offer. If they have a better offer, it’s on them to take it and face the consequences when the deal falls through due to their misrepresentations.

  10. Real estate deals seem to be going down in flames right and left. Mine is looking shaky at the moment too.

  11. I would rather have a friend as a realtor than some stranger that is only out for a commission. I know Kathy will do her best to help Aunt B. and I know Aunt B. is a woman that will do her homework and be smart about the choice of home she is going to buy. Like I have said before B. good luck and good wishes for you new home!

  12. Ditto bridgett and nm.

    You’re smart enough to decide what is a fair price for the house. Offer it, and if they take it, great, you have a house; if not, move on.

  13. I certainly don’t know that situation, but I can tell you when I sold my house in Memphis, I got two offers for the same amount at the same time. My agent had to ask others what to do and the answer was a sealed bid process. They both had to make their best offer, put it in an envelope by the appropriate time and then I chose the best offer.

    So it may be true. Even if it’s not true, it’s not much different than counteroffering. You decide how much you and Kathy think it’s worth, make your last offer (hey, maybe it’s the same amount) and go on about your way. Keep in mind that a smart seller will look at things like closing dates. If you can close super soon, that would be better for him (not that Kathy hasn’t already told you). And it’s possible this “other buyer” doesn’t even have loan approval. Any number of things could happen and you could still get the house for what you feel is a fair deal. Mortgage companies are getting tight with money and will likely require a little more oversight in the appraisal process, in which case any offer over that price probably won’t go through. Too many people are upside down in loans these days.

    This is all stuff that Kathy will likely relay to the other agent; it’s all part of negotiating. Don’t lose hope just yet. Hell, there’s still an inspection process to go through as well!

  14. I think the adventure that you and Kathy T. have taken is intriguing and, I’m sure, frustrating because of the goal you are seeking. It must be comforting to be able to have the prior relationship through blogging to know she’s helping you steer the ship to something this important.
    As a dreamer who tries to keep her feel on solid ground, I still see the romance of the journey you are taking. Buying a house is like getting married. You have the ups and downs of finding what will work for you for the long haul.
    It’s good to know someone has your back. And a month off is a good idea. You don’t want to burn out on this and pick the wrong one because you are weary.
    Sending much love to both of you.

  15. Sorry I’ve been so long in replying to this post, but I’ve been out of town until today. As a condition of holding a real estate license, there are laws specific to agents that must be followed. To not follow the letter of the law could mean a major fine (up to $20,000) and loss of license. Even without the law of the land hanging over me, simply being a moral and ethical person is also important to me. Anyone who knows me also knows that I take my responsibilities very seriously.

    The laws applicable to me disclosing information to B. include:

    1. To disclose to each party of the Transaction any Adverse Facts of which Licensee has actual notice or knowledge.
    Both the listing agent and myself were doing our jobs when she told me she had another offer and when I passed that information to B.

    2. To provide services to each party to the transaction with honesty and in good faith.
    I don’t know if the laws were different when you had your licenses, but I’ll thank you not to call bullshit when I am in fact – and always have – acted with honesty and in good faith. Buyers market yes. But don’t think the sellers aren’t also looking at comps to see what their home is worth when they price it. All sellers want to make top dollar – of course – but if it’s priced too high, it won’t make the appraisal. Especially these days when “the law” is carefully monitoring appraisers.

    3) Be loyal to the interests of the client. Licensee must place the interests of the client before all others in negotiation of a transaction and in other activities…
    Putting the interests of my clients has, in fact, cost me business when I have advised them to walk away from a closing after learning of adverse conditions to the property.

    I also owe B. confidentiality so I can not go into details with anyone what she and I have spoken about. But be assured that I do have her back. And whether it takes two months or five years to get her in a house (!!), it is my privilege and good fortune to spend time with her.

    Sorry for any typos and run-on sentences…

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