- Sep 10, 2017
That’s fine. Broker just has to say “Seller isn’t flexible on this one.” Done. Everyone moves on. We’ve all heard and we don’t complain. It is what it is.I have said this before, but when I sell real estate, my listing price is a fair price, and I don't want to deal with negotiations. The sticker price is the price, if you want to negotiate lower, find someone else's real estate. So if you bid on my contract, the broker may not contact me at all because they know I'll come back to them with no, but I might not get to looking at it for a bit because my answer is going to be no and the reason for a no negotiations policy is I don't want to bother. If the broker needs to present all fair offers to me legally, they'll have do their duty. If my contract doesn't sell in a reasonable time frame at the price I've set, I'll lower the price. But I'm not negotiating.
Instead this particular broker is simply pigeonholing all offers into a non-standard format that bucks convention forcing closing costs and dues to all be folded into $/pt.
Agreed. If this were the standard across the board at every resale broker site (total price inclusive of all costs/credits), then yes, I agree this would be the best.Many people don't seem to get that the bottom line is just that. If a seller wants $15K for a 100-point contract, does it really matter whether they get it in the form of $130/pp plus $2K dues or they get $150 without dues reimbursed? Either way, they get $15K.
In fact, I think factoring dues into the per point price rather than charging it separately could theoretically work better for everyone.
But the problem is that NO ONE in the resale landscape, beside Mark and Lori, tell the buyer to deduct closing costs, and dues from the $/pt offer price vs. separating that out. This creates the perception of a discrepancy between offer and fair market value that does not exist.
I’ll go back again to the dues. @SherylLC mentioned Lori is going to transition to that not being paid by buyer as the default “next month.” Next month is in 3 days. That is completely arbitrary and something that should be settled between the buyer and the seller, not when the broker decides the time is right.