“I put my house up for sale. I had three offers within the first week. So I told my Realtor to come back to all three and tell them to give me their best and final offers. Then I looked and I chose the one I thought was best. They all came back and offered the asking price or more. So I chose the one that had the best price. And when they do the inspection, I don’t care if they find anything wrong. I’m not doing anything. Cuz I’m the seller, and it’s a seller’s market. And if they don’t like it they can cancel and I’ll find another deal.”
Now tell me, do you think that’s a good attitude to have? This guy may be shooting himself in the foot.
So he took the best offer that he had, the one with the highest price. Does he realize it’s not necessarily the best offer? The best offer is good fair price and one who has a good chance of closing. But if the offer was over being asking price, will the bank give the mortgage or will the property under appraise? Does the buyer have a Pre-Approval letter? Is their old house under contract with a solid buyer? I got a feeling he didn’t think about that. He was just too full of himself, and thinking that since he is the seller and it is a seller’s market he can do whatever he wants. Well it doesn’t work like that.
Besides, have you ever heard of golden rule, you know the one that says something like do unto others like you want to them to do to you?
So when he goes to buy a new property, do you think he would like to be treated like that?
Remember – what goes around comes around.