5 Reasons Why Your Offer Wasn’t Accepted

November 26, 2008

Getting An Offer Accepted In This Market Is Tough

It isn’t easy to buy a peice of opportunity in the Sacramento real estate market today.  Getting what is perceived as a “good deal” is even harder.  Fact is, the entire market is under priced.  Why do I say that?  Just look at what’s going on out there.

Offers are being submitted, listing agents more often than not don’t respond to your offer at all in any way.  This is getting worse and buyers are very disappointed.  I’ve written extensively about this.  The professional courtesy once touted as being supreme among Realtors is gone.  I’ve had this happen to me with agents I’ve known for years.  Submit an offer and no response.  No “I got it, we’re working on it, we’ll get back to you” nothing all under the guise of “I’m too busy” or “we’re too busy”.

Is It So Hard?

I was complimented by a client in the last week who told me straight out that she was so happy that I answered the phone when she called.  Is it because I have nothing to do?  No, it’s not.  I work from 6am to at least 7pm, most days, 6 days a week.  Often times I’m working until 10pm. Honestly, I’m grateful for this as I know many Realtors who have rejected the market as it is and have chosen to fail.

It takes a split second to shoot off an email, have an assistant do it or make a phone call on the way home.  Am I asking too much?  Don’t we have a duty to our clients and fellow professionals to extend the minimum courtesy?  I think we do..

ANYWAY, now that the rant is over…

The Top 5 Reasons Why Your Offer Wasn’t Accepted…Again!

#5 – The Realtor you’re working with didn’t turn in your offer. (this happens more than I care to know about.)

#4 – Your Realtor didn’t read the instructions in the condifential agent comments and didn’t include the required attachement.

#4a – Your Realtor didn’t read the confidential agent remarks and wrote up your offer on the wrong contract.

#3 – Your Realtor submitted an offer for you that would be rejected out of hand with no other offers on the table.  (Banks are doing this.  The prevailing thought among buyers is that “they’ve got to come down, the house isn’t selling”.  WRONG!  They’ll put it in a bulk auction and sell it for .50 on the dollar rather than come down and sell it to you.  I’ve seen it.)

#2 – You offered too low.  See #3

and the number one reason your offer wasn’t accepted AGAIN?

#1 – WHO KNOWS? THE LISTING AGENT DIDN’T GIVE YOUR REALTOR THE COURTESY OF A PHONE CALL TELLING YOU IT GOT REJECTED, AGAIN! :)

I got an email from an assistant who works for a listing agent whom I submitted an offer 2 weeks ago.  It simply said “your offer has been rejected.”  Just in the nick of time!  It expired 11 days ago.

It’s getting funnier out there folks.  Might as well laugh and be grateful for what is and thank goodness it isn’t worse. It could be.

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