UPDATE: Who has six visits to a house for sale they don't want to pay for??

[mysticIT]

The only "fair" price for a house is what the market is willing to pay for it, not what you paid for it, not what the assessed value is, not what the realtor tells you it's worth. The only way I would tell these people to go away is if you can afford to wait for another offer as long as it takes.

I'm sure it's painful to have someone offer you a low amount for your home, but in this market it might work for some houses, especially houses that have been off the market and re-listed in the same year.

Isn't this really just a pain in the butt for your agent, anyway? She's the one showing the house, not you.

 

[chris1gill]

The only "fair" price for a house is what the market is willing to pay for it, not what you paid for it, not what the assessed value is, not what the realtor tells you it's worth. The only way I would tell these people to go away is if you can afford to wait for another offer as long as it takes.

I'm sure it's painful to have someone offer you a low amount for your home, but in this market it might work for some houses, especially houses that have been off the market and re-listed in the same year.

Isn't this really just a pain in the butt for your agent, anyway? She's the one showing the house, not you.

I agree about the fair price, so I will wait til I receive a fair price.

BUT, these people were such a pain in my butt to the tune of 3 weeks worth, I don't want to hear from my realtor about them again, which apparently is why she did not tell me until today. I got call's nearly every day regarding these people and their offer's and I was simply tired of hearing from them. So, I hold great resentment towards them... Initially while we were in the house or at the house they took up hours of our time as well. But, it was the daily calls, or the other every day call's we were getting with the "new" offers that finally pushed us off the cliff, we just pulled the house from the market, which, like I said was a blessing in disguise. NOW it's my realtor's problem except here come the call's all over again. If they keep at it, I'll pull the house again, my simple premise is this, I AM DONE WITH THEM!!! If they are the only people on earth who want to buy my house I will keep it to myself!

But, there are other prospects, so I'm hopeful on them, but I am horrified at the thought of resuming this "conversation" that really pushed me to take the house off the market in the first place... Which again turned out to be a big blessing.

 

[Piglets Mommy]

This thread is reminding me why I no longer sell real estate full-time

Seriously, though...I would have your Realtor call theirs and tell her no more showings for this couple. It just sounds like a complete waste of time. Yes, your home needs to be priced competitively, etc, but after seeing the home 8 times and negotiation after negotiation, they know where you stand and vice-versa. Good luck with the other family that is interested...i hope something comes through for you soon!

 

[The Mystery Machine]

This thread is reminding me why I no longer sell real estate full-time

Seriously, though...I would have your Realtor call theirs and tell her no more showings for this couple. It just sounds like a complete waste of time. Yes, your home needs to be priced competitively, etc, but after seeing the home 8 times and negotiation after negotiation, they know where you stand and vice-versa. Good luck with the other family that is interested...i hope something comes through for you soon!

Can you do that legally? I was thinking about what I said and I thought maybe you cannot do that without getting in trouble for discrimation or something.

 

[chris1gill]

Can you do that legally? I was thinking about what I said and I thought maybe you cannot do that without getting in trouble for discrimation or something.

That's what I'm wondering, I don't think you can, because they definitely could cry foul....

 

[punkin]

You know, there really is no reason for your to deal with these people at all. Tell your Realtor you won't sell them the house anyway and to stop showing it to them.

 

[Piglets Mommy]

Can you do that legally? I was thinking about what I said and I thought maybe you cannot do that without getting in trouble for discrimation or something.

You can't legally refuse to rent or sell someone a property at asking price. You can refuse to show a house because the time is inconvenient. These people have seen the house 8 times already, and keep coming back and not buying, which is wiewed by the sellers as harassment. It is a gray area and the laws are different in each state, but It's not like OP won't sell the house to these people at asking price, and it's not like they were denied access alltogether, they have spent plenty of t ime in it already. They either want the house or not, to keep going back is a waste of time.

 

[chris1gill]

You can't legally refuse to rent or sell someone a property at asking price. You can refuse to show a house because the time is inconvenient. These people have seen the house 8 times already, and keep coming back and not buying, which is wiewed by the sellers as harassment. It is a gray area and the laws are different in each state, but It's not like OP won't sell the house to these people at asking price, and it's not like they were denied access alltogether, they have spent plenty of t ime in it already. They either want the house or not, to keep going back is a waste of time.

It's a gray area which is why my realtor probably keeps showing it.

On a funny side note, I just told my son they were back, he started shaking his head and asking if we were taking it back off the market He then asked why they kept coming back if they didn't want to pay.... He knows the whole back story, thus he's asking the same question I asked...

I guess we are not the people to sell this house to this particular family....

 

[chris1gill]

You know, there really is no reason for your to deal with these people at all. Tell your Realtor you won't sell them the house anyway and to stop showing it to them.

This you can't do, if they pay full price we have to sell it to them, which I'm fine with. I'm NOT fine with daily calls or every other day phone calls with ridiculous offers and such, which is exactly where this looks to be going...

 

[EthansMom]

I agree with others.

I would tell my realtor in no uncertain terms that I don't want these people anywhere near my property without an accepted offer to purchase. They have seen the house 8 times, have taken up a great deal of yours and your realtor's time, and have been insulting during the original negotiations. Even if they wanted to make a full-price offer at this point, would you really want to deal with them? There's every possibility that they would pull-out of the contract once again, so why would you even want to accept their offer? (Personally, the only way I would do so is if there was a hefty penalty if they withdrew without good cause.)

There's nothing wrong with telling your realtor that the people HAVE seen the house and that you don't want them in the house any more. I would also have your realtor tell their realtor that you were insulted by their previous behavior and don't even want to hear from them unless they wish to offer full-price.

Good luck with the other (non-crazy) folks!

 

[Piglets Mommy]

It's a gray area which is why my realtor probably keeps showing it.

On a funny side note, I just told my son they were back, he started shaking his head and asking if we were taking it back off the market He then asked why they kept coming back if they didn't want to pay.... He knows the whole back story, thus he's asking the same question I asked...

I guess we are not the people to sell this house to this particular family....

Yeah, It's more of a legal issue for her than it is for you as a homeowner, She may need to call you and let you know that they want to see the house, BUT you as the owner can say that now is not a convenient time. I'm really surprised their Realtor is continuing to show it to them...she must be REALLY desperate for a sale.

 

[daisax]

My friends had people like this when they were selling their house -- not visiting so much as calling twice a week with offers 50 grand below asking price (and this was 10 years ago when real estate was climbing, not falling). Their offer would be rejected and the next day they'd offer 48K under asking price Then four days later 47K under asking price.

Finally they told their real estate agent that they did not want to hear of any offers from these people that were not within $15,000. I know businesses have to entertain serious offers, and if people are not serious (8 visits? really?) it seems only fair to be able to say "you've seen it, buy or not."

When people sell cars private they say "serious offers only" -- why would that not apply to houses?

 

[connorlevismom]

This you can't do, if they pay full price we have to sell it to them, which I'm fine with. I'm NOT fine with daily calls or every other day phone calls with ridiculous offers and such, which is exactly where this looks to be going...

If they are like this BEFORE you would sell them the house, can you imagine what they would be like AFTER? My sister is a realtor and there are people that call after the fact and want this or that done with the house. They compain about crap and want the previous owner to pay for it.

I would steer clear from these crazy people!!

Kristine

 

[Piglets Mommy]

I agree with others.

I would tell my realtor in no uncertain terms that I don't want these people anywhere near my property without an accepted offer to purchase. They have seen the house 8 times, have taken up a great deal of yours and your realtor's time, and have been insulting during the original negotiations. Even if they wanted to make a full-price offer at this point, would you really want to deal with them? There's every possibility that they would pull-out of the contract once again, so why would you even want to accept their offer? (Personally, the only way I would do so is if there was a hefty penalty if they withdrew without good cause.)

There's nothing wrong with telling your realtor that the people HAVE seen the house and that you don't want them in the house any more. I would also have your realtor tell their realtor that you were insulted by their previous behavior and don't even want to hear from them unless they wish to offer full-price.

Good luck with the other (non-crazy) folks!

Yes, that is a good point....they may wery well be very nit-picky on the home inspection, and end up asking for a huge credit or tons of repairs before settlement. Do things legally, but proceed with caution if they do make another offer.

I have seen this happen before....buyer offers 10K under asking and is rejected. Buyer comes back later with better offer (say 5k under asking) and offer is accepted. Buyer has home inspection and then asks for another 8K credit ror repairs.

 

[chris1gill]

If they are like this BEFORE you would sell them the house, can you imagine what they would be like AFTER? My sister is a realtor and there are people that call after the fact and want this or that done with the house. They compain about crap and want the previous owner to pay for it.

I would steer clear from these crazy people!!

Kristine

Well so what do we do? If they are the only one's to put in a full price offer, we'd have to sell under law KWIM? We cannot get out of it. I suspect should anything come up during home inspection they would want mucho dollars off, which we would not give them.... It's like one great big headache.... even my son asks if we're taking it back off the market... who needs to deal with crazy people like this....

I'll email my realtor that I don't want to be approached with anything less than ten grand under our asking price, that should save me some of the phone call's.

Let's hope Rose comes through for me (the new prospective buyer)

Daisax, our initial dealing with them was EXACTLY what you described, 60 grand under asking, then up 2 & 3K, then up 10 because we said we were insulted, then they came up 20 & that's about where it stalled, they came up 7 more then took it back, then we pulled the listing.

 

[EthansMom]

Well so what do we do? If they are the only one's to put in a full price offer, we'd have to sell under law KWIM? We cannot get out of it. I suspect should anything come up during home inspection they would want mucho dollars off, which we would not give them.... It's like one great big headache.... even my son asks if we're taking it back off the market... who needs to deal with crazy people like this....

Are these folks realistically going to make you a full-price offer? It doesn't sound like it. Really, that's probably not a big problem.

My understanding, from having bought/sold a few houses though, is that you don't HAVE to agree to all of the terms even on a full-price offer. You might not agree on how soon/far away to have closing, you might not want to accept someone with FHA financing (which has more stringent requirements), you might not even want to accept an offer that is contingent upon an inspection... Just because you get an offer that is at the full-price doesn't mean that ALL of the terms are agreeable to you.

In addition to telling your realtor that you don't want these folks in your house any more, I would have a discussion with her about your options in protecting yourselves if these yahoos come back with an acceptable offer in price. I would think that requiring them to have the inspection (and come back in with any repairs) in a timely manner would be one thing I would want. Also, I would want a large deposit put in escrow... and if possible, a penalty for them withdrawing from the contract.

 

[Merriwind]

Well so what do we do? If they are the only one's to put in a full price offer, we'd have to sell under law KWIM? We cannot get out of it. I suspect should anything come up during home inspection they would want mucho dollars off, which we would not give them.... It's like one great big headache.... even my son asks if we're taking it back off the market... who needs to deal with crazy people like this....

I'll email my realtor that I don't want to be approached with anything less than ten grand under our asking price, that should save me some of the phone call's.

I was going to suggest that you instruct your Realtor that you do not want to hear from this party again unless they are presenting a full-price offer with no contingencies. (If you're good with $10K within your price, that's fine too. I wouldn't give them that much leeway personally.) Also, they have had ample opportunity to see your home. I would not permit further showings to this family--until the walk through!

Honestly, it sounds like you don't want to sell to them anyway. When one party drives another crazy enough to create resentment, it doesn't bode well for any sort of transaction. I would really put my foot down in the hopes that they go away. (Of course, I'm basing this worthless advice on the assumption that you don't have to sell and can hold the house.)

Good luck!

 

[Piglets Mommy]

Well so what do we do? If they are the only one's to put in a full price offer, we'd have to sell under law KWIM? We cannot get out of it. I suspect should anything come up during home inspection they would want mucho dollars off, which we would not give them.... It's like one great big headache.... even my son asks if we're taking it back off the market... who needs to deal with crazy people like this....

I'll email my realtor that I don't want to be approached with anything less than ten grand under our asking price, that should save me some of the phone call's.

Let's hope Rose comes through for me (the new prospective buyer)

Daisax, our initial dealing with them was EXACTLY what you described, 60 grand under asking, then up 2 & 3K, then up 10 because we said we were insulted, then they came up 20 & that's about where it stalled, they came up 7 more then took it back, then we pulled the listing.

You do still have control over the negotiations on the inspections....sure...if something major comes up like a leaky roof or faulty furnace, you may as well fix it, as you would pretty much have to do that for any buyer, but if they start to get nit-picky, you can say no...they then have the right to walk away, but you'won't be stuck knocking 10K off for stupid stuff.

Also, I don't know how contracts are written in your state, but here in PA, one of the ways to write up the inspections part of the contract is for the buyer to pay a "deductable"....that is...they would let the first say $2500, that may come up go, and everything else would be negotiated.

 

[mickeysgal]

Should I just tell my realtor that under no circumstance should she let them back in? Can I legally do that? My realtor says I should not do this, but it's EXACTLY what I want to do...

Didn't finish every page of the responses, so I hope this isn't a repeat...

If possible, I would try say that the only way you'd let them into the house to show it again is only if there is a written offer in their hand.

Be very careful though to make sure that this is really what you want. So far, it sounds like they are the only game in town that is interested in your house. You don't want to shut the door completely, but it does send the message that you're not to be jerked around anymore. Remember the saying, 'be careful what you wish for'.

 

[chris1gill]

I was going to suggest that you instruct your Realtor that you do not want to hear from this party again unless they are presenting a full-price offer with no contingencies. (If you're good with $10K within your price, that's fine too. I wouldn't give them that much leeway personally.) Also, they have had ample opportunity to see your home. I would not permit further showings to this family--until the walk through!

Honestly, it sounds like you don't want to sell to them anyway. When one party drives another crazy enough to create resentment, it doesn't bode well for any sort of transaction. I would really put my foot down in the hopes that they go away. (Of course, I'm basing this worthless advice on the assumption that you don't have to sell and can hold the house.)

Good luck!

This is sound advice, my only concern is that I can't say in regards to this party I only want a full price offer with no contingencies, but not hold that same policy towards others who have not completely disgusted me... I have an email in to my realtor, I'm sure she will call me back tomorrow & we can talk further about this issue. I had some concerns when we put the house on the market, but I really had hoped these people had moved on and perhaps found something else...