Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Good Ideas
Nusetlock.com




REO Prep Foreclosure Listings




BPO REO Secret System




How To Advertise Here

More Good Ideas!
real estate newsletters


Real Estate Websites for Realtors




Build your brand on a Real Estate Site





Facebook
Topic Options
Rate This Topic
#122395 - 01/16/07 09:19 PM Indecision by Seller
MArealtor Offline
Veteran Member

Registered: 12/28/06
Posts: 809
I met with a couple whom owned their house for 30+ years. They need to sell first in order to buy. They want to sell due to fact that the need a home without stairs. The are 60+ years old. They will not list their home till they find the perfect replacement home. Of course inventory changes, I told them. I suggested over and over to list first, find a buyer than negoiate a closing date to give them time to find the new home. They are indescisive and will not list to sell. They fear they will not find that perfect replacement home. What do I do to get them to list? I know once they list they will be motivated and get serious about looking and choosing a replacemnt home. How do I get them to proceed?

Top
#122396 - 01/16/07 09:29 PM Re: Indecision by Seller
JoeyBagadonuts Offline
Veteran Member

Registered: 06/24/06
Posts: 1074
Loc: Bucks County PA
Hmmm. I am new, and I dont know for sure.
Maybe you could find them a home that will fill their needs. If they purchase, then list their home maybe. They might have to have 2 mortgage payments if thats the way they want to do this. Not a 100% sure. Or maybe they can make an offer contigent on sale of their current home.
I am curious as to what other agents answers will be. I think about this stuff as well.
_________________________
Joseph Grabowski, REALTOR®
Keller Williams Preferred Real Estate – Yardley, PA
Buying or selling a home, land, or real estate in Bucks County Pennsylvania?
Visit my Bucks County Homes & Real Estate Website

Top
#122397 - 01/17/07 12:18 PM Re: Indecision by Seller
SiberianWinter Offline
Member

Registered: 05/24/06
Posts: 403
Loc: White Plains, NY
You need to explain to them that few sellers are going to "wait" for them to sell their home unles your market is very, very slow. That means that they could find the right home and be unable to buy it.

If they are properly motivated (they MUST have a mortgage pre-approval letter before I put them in my car) you might consider showing them a couple of candidate homes that appear to meet their needs. In some cases, actually finding what they are looking for may put a bomb under them to list.

A word of warning....These people may well be big-time time wasters. You used the word "perfect" twice. Did they use that word or did you? If they did - you may be wasting a lot of valuable time. If they are looking for the "perfect" replacement they won't ever find it. No home is perfect. By taking them to a few candidate homes, you will find out just how picky they are. If they are wildly fussy AND won't list until they have found something "perfect" move on. Stay in touch, but don't push the situation. If they are very fussy, they won't move until they HAVE TO. When they finally have to, you'll be there if you kept in touch with them.

Top
#122398 - 01/17/07 01:52 PM Re: Indecision by Seller
MD REALTOR Offline
Member

Registered: 05/16/05
Posts: 115
Loc: MD
They can look for a new home then when then find the right home make their contract contingent on the sale of their home. They'll have to have their home on the market in 3 days but that might be a better option for them.

Top
#122399 - 01/18/07 05:41 AM Re: Indecision by Seller
Jennifer Allan Offline
Major Contributor

Registered: 11/12/06
Posts: 1623
Loc: The Beach
This is typical behavior of older people who have "lived in their home for 30+ years." It's frustrating to us, but understandable. Obviously, the whole process of selling one home, buying another one and MOVING is going to be overwhelming to them - the last time they did it, they were in their 30's! Try to remember that they aren't being "indecisive," they're just very nervous and unsure.

You aren't likely to talk them out of their preference and the more you try, the more they will dig in their heels. Are they a waste of time? Frankly... probably. But as a new agent, it's good practice for you to work with different kinds of people who have needs that should be respected.

I agree with Siberian Winter... do your best, stay in touch with them, but don't make them your top priority and certainly don't lose any sleep over it. At some point, they will make the decision that they must move and if they like you and trust you, you'll get the sale.
_________________________
Jennifer Allan, GRI
RE/MAX Hall of Fame
Author of Sell with Soul, Creating an Extraordinary Career in Real Estate without Losing Your Friends, Your Principles or Your Self-Respect

Top
#122400 - 01/18/07 09:16 AM Re: Indecision by Seller
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8471
Loc: georgia
Bottom line here is they are going about it all wrong.Sellers absolutely hate contingencies on offers to buy there home,plus it takes away any negotiating position and power from the buyers.

Ask the buyers if price is important to them hwn purchasing and do they want to pay full price for the home?Tell them that is exactly what is going ot happen if they do not sell first and buy second.


You could do a reverse contingency with them,have them list it for sale with you then tell them you can put in a contingency that gives them 3 to 4 months ot whatever from the time there house goes under contract to find a suitable replacement property,if they can't find one they do not have to sell the house.This way if they do not find the home they can get out of the contract to sell there house.

Top






Moderator:  DelCidsRealty, jbt4re, TylerMeyerRE 
Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Good Ideas!
real estate newsletters




How To Advertise Here

Sponsors

Newest Members
Will Sell Homes, Cheech&Chong, FlaWind, Ben555, katiejane
21427 Registered Users
Who's Online
3 registered (NextStep, BPOMagnet, LND), 129 Guests and 0 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 83
Brit16 51
KingofBPOs 46
shurdul 45
DueDiligence 44
Bigtoe 37
Kjmendy 35
johnnyloans 35
Averis 32
75Corvette 30
SoldWithVideo 30
super realtor 29
RIzwan 27
Scintillion 25
PA Roadkill 24
(Views)Popular Topics
No new orders today 4735113
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 2687918
Stupid MLS comments. 956010
EML 458010
Evalonline 299687
What do you know about Froy Candelario, top agent in USA 289910
Land America 285006
New HUD Listing Brokers---Any Update? 267978
Mainstreet 261768
Pay it Forward - BPO/REO Tips & Tricks I & II 238748
Stupid QC comments and BPO requirements. 229024
Is there religious content in Buffini class? 224969
FARVV 177251
REOTRANS 160471
USRES / RES.NET 147655
Let's talk about our cars 146758
asset val seminar in colorado 143840
AVM Bpos 139641
FARVV 126764
PAS 118332
Featured Member
Registered: 06/29/07
Posts: 477

How To Advertise Here


This site presented by RNC Internet Services