5 Ways to Handle a Difficult Seller
Given the ups and downs of a real estate search and the love affair many buyers
have with potential homes, I often feel that my job as your Realtor ® is
one part agent, one part therapist, and one part matchmaker. You have gone to
multiple open houses over the course of weeks or months in hopes of falling in
love. You have certain things you know you need (a certain school district,
number of bedrooms and baths) and certain things you want (a fireplace, a 3 car
garage.)
Because you have spent the last few months looking
at properties obsseively online, going to Open Houses and having your Realtor ®
take you on private showings, you are turning into an expert on home value in
the area. When you do finally find that exact right house, you know it is the
one and you also know what a fair offer would be. The problem is the seller may
not be as informed as you are on what a “fair offer” really is.
The seller has every right to reject a buyer for
any reason whatsoever. They may stand firm on their price and wait it out
for a stronger buyer or for that higher price. It could be they don’t like the
buyer’s contingencies, such as the need to sell your home before buying, or
they aren’t confident your financing will come through.
Here are five tips for dealing with a seller who is
“just not that into you.”
1. Make A Final, Best Offer
After submitting an offer and
even going through a series of counter offers, you realize you’re dealing with
an uncooperative seller. You’re wasting time by holding back and playing his
game. If you really want the home, it’s time to go to your max. By putting your
best offer forward, you’ll have done all you can.
2. Move On
This is easier said than done, of
course. But if the seller isn’t interested in working with you, move
on. Hanging around wishing the seller will come to their senses and accept
your offer is a waste of time and emotional energy. By pining away in your
love affair with that house, you risk missing out on other great properties
that are available and whose owners may be more “into” you. More often
than not, in my experience, I have seen the Seller suddenly become more
interested in the Buyer once they have walked away. You should only walk away
if you really mean it, but don’t be surprised if that really isn’t the end.
3. Learn from the experience.
The sheer desire to own a home
and the assumption that an available home should be yours doesn’t always
translate into home ownership. If things don’t work out for you, analyze what
went wrong. What mistakes could you have avoided? Did you spend too much time
negotiating with that seller? Did you get too emotionally involved? If you can
walk away with some lessons learned, your next try at home ownership should be
easier and more likely to succeed. This is where having a Realtor ® can really help. I can help
you think about the purchase analytically and use my experience to help you
close the next deal.
4. Don’t try to figure out
the seller.
You’ve
got no idea what’s going on in a seller’s head. For all you know, the seller is emotionally attached to the home and not
really ready to sell. Or maybe the sellers are going through a divorce, and one
of them is hesitant to sell. It’s certainly tempting to play armchair analyst
when a seller isn’t selling to you for mysterious reasons. It’s also, in most
cases, a waste of time and energy. Accept the fact that the seller just isn’t
that into you for whatever reason and move on.
5. Do try
to figure yourself out.
Is there a pattern developing?
Are you only going after the ones you can’t have? If so, are you sure you’re
ready to commit? Buying a home is a huge decision and financial
commitment. If you find that you keep going after sellers that aren’t co-operating,
the issue may be you, not them.
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