Join Date: Oct 2008
Location: South Coast Ontario
Thanked 93 Times in 82 Posts
Rep Power: 9
I've never understood the concept of being insulted by somebody actually wanting to buy something that I want to sell. An offer is just that- an offer. The buyer has the option to accept, or counter-offer. If one gets insulted, one runs the risk of losing a potential sale.
If the seller is insulted by an offer presented by his broker, then the broker isn't doing his job very well in how he is presenting a low offer.
Nobody has ever died from a low offer. Nobody has ever divorced over a low offer. Sometimes, that low offer reflects current reality.
Case in point- a boat I looked at, and passed on, a few months ago was priced at $39K. I figured it was worth half that, about $20k. I would have made an offer at $20K, but it was more work then I wanted to take on.
Would the seller have been insulted? maybe. I'm sure the broker would have, if he was counting his commission before the boat was sold- he's getting half of what he thinks he should!
The boat is still for sale, and has seen a recent price reduction, to $23K. Something tells me my offer would have been accepted.... but it wouldn't have made the boat any better.
If a boat doesn't sell at it's asking price, then it's not worth it's asking price.
It's 5 o'clock somewhere:
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