Bob Timm's "RealMan" Blog

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Did I Go Rude? Actual Text Conversation On Pricing

Minot Housing

Actual Text Conversation On Pricing

Did I "Go Rude" ?

National Marketing Realtors

The following is a text conversation I had with an unknown texter on Friday 08/21/2015. I've recorded it below exactly as it was, type-os, misspellings and all. I'm not sure how I went from getting thanks to be harassing but maybe you can tell me.

7621 county rd 15, I will offer 210,k

We have an offer of 300,000. Now but thanks anyway.

Wow,, way over priced,, and thanks for responding back

Obviously not to the folks who made the offer.

That's why a bill we be introduced to the state house to hold real-estate agents accountable for over valuing homes ,,, and again thanks for replying back 210 k bottom line and that is about 20 % over actual worth

So you are a licensed appraiser? The home will be appraised for the loan and those banking laws and the appraising process leaves no room for scandle.

Well good luck

Thanks, if you want me to let you know how the appraisal goes I will be happy to do so. Who knows you may be right on the money.

Do you always harass those who disagree with your business ethics ? Or am I just the lucky one ?

I'm serious, I've been surprised by appraisals before. You could be correct.

I just wanted to note that Realtors do not set home prices, only the seller can do that. Most Realtors like myself show the seller 3 recent home sales of very simular homes and 3 comparable home now on the market in their neighborhood or as close as we can find. Then we suggest a listing price. 9 times out of ten the home owner thinks his/her home is better than anything we show them and they over price our value to a tune that makes most of us Realtors roll our eyes but we know after a month or two they will get the idea when no one makes an offer. We don't like over pricing any more than you because we don't get paid unless there is a sale and we have families to feed as well.

Ok, maybe the last sentence or two was unnecessary (as most sellers I work with are very reasonable) but I was still trying to stay on this persons good side as they do wish to purchase a home and they may actually have a budget of $210,000 which would be a good sale.

Minots best realtor

 

WARD COUNTY NOTARY SERVICES

ROBERT L. TIMM, OWNER

201 Main Street South, Suite 116

 Minot North Dakota 58701

Bob Timm,  Facebook

Call or text 701-720-8513

Comment balloon 30 commentsBob "RealMan" Timm • August 24 2015 06:28AM

Comments

Good Monday morning and good for you Bob "RealMan" Timm -

Sometimes we just need to lay it out there.  

Posted by John McCormack, CRS, Honesty, Integrity, Results, Experienced. HIRE Me! (Albuquerque Homes Realty) over 4 years ago

Thanks John McCormack I'm hoping the texter appreciated the banter and wants me to help him/her invest that $210k into the right home for them.

Posted by Bob "RealMan" Timm, Owner of Ward Co. Notary Services, retired Realtor (Ward County Notary Services) over 4 years ago

I can't imagine you listing a home 90k above what that other person states it's worth and actually get an offer. You know what the home is worth. They were probably using Zillow to comp. 

Posted by Nicole Doty - Gilbert Real Estate Expert, Broker/Owner of Zion Realty ZionRealtyAZ.com (Zion Realty) over 4 years ago

Hey Nicole Doty - Gilbert Real Estate Expert I never thought of it but I bet you are correct that there is a Zestimate behind it all.

Posted by Bob "RealMan" Timm, Owner of Ward Co. Notary Services, retired Realtor (Ward County Notary Services) over 4 years ago

Bob

A text offer without a contract . . . . has no value.

Sound like the buyer (the term  used lightly) was fishing . . . .  and the person had an attitude . . . . NEXT . . . .

Good luck and success.

Lou Ludwig

 

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) over 4 years ago

Bob "RealMan" Timm  Hey, Bob! All I can say is "you're the man!" I've been on the receiving end of similar "conversations" from those who think they can be bottom of the barrell scrapers. What are they thinking?

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) over 4 years ago

Sometime being tongue tied just does not cut it...Skirting the law workd only for a little while.

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) over 4 years ago

Bob, sounds to me like someone was phis-hing ... I'm curious, what was the list price of the property?  I don't think you were being rude. 

Posted by Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822) over 4 years ago

FEATURED IN CRAP-TACULAR

 

What kind of crap is that?

Posted by Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822) over 4 years ago

Lou Ludwig a blind text at that, the person never did identify themselves.

Nina Hollander I'm willing to bet that had I told him to come in to write the offer for 210K he would have wanted to reduce that to 175K.

Posted by Bob "RealMan" Timm, Owner of Ward Co. Notary Services, retired Realtor (Ward County Notary Services) over 4 years ago

Thanks William Feela I always appreciate your input.

Thanks Kathleen Daniels your the best, I really appreciate the feature!

Posted by Bob "RealMan" Timm, Owner of Ward Co. Notary Services, retired Realtor (Ward County Notary Services) over 4 years ago

Bob "RealMan" Timm  good morning, Bob! Not too cynical here are we? Sometimes I wish these people would write the offer and if they get a silent response from sellers enough times they might get the hint. Once I did receive a stupid offer in writing and my clients and I responded with a counter that was $50K over our asking. That agent got the message.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) over 4 years ago

Bob, we are seeing many offers way above where the pricing should be, and the appraisers are getting them done! 

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) over 4 years ago

That's hilarious Nina Hollander I've come back at full price before but why not respond to absurdity with absurdity.

WOW! That's great Joan Cox , it's a sure sign your market is doing well.

Posted by Bob "RealMan" Timm, Owner of Ward Co. Notary Services, retired Realtor (Ward County Notary Services) over 4 years ago

Bob "RealMan" Timm ~ well that was exactly the conversation between me and the buyer's agent, who said that's a silly counter-offer and I responded that the buyer's offer was silly.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) over 4 years ago

 

Bob "RealMan" Timm 

You handled this more than professionally. I would have been tempted to respond differntly. 

Posted by Alan Kirkpatrick, Alan in Austin (Austin Texas Homes) over 4 years ago

Bob, I probably would not have texted as much information as you did. Were you professional? Yes.  But this was an unknown texter making a sight unseen offer, as far as you know. That would have been my first clue he/she was just wasting time. I probably would have taken a different route by asking if they had been inside the property, after telling them there was another offer that was accepted by the seller at a higher price, and could I interest them in another property.

Then again, you could have pulled a Jerry McGuire and said "Show Me the Money!"

Posted by Pat Starnes-Front Gate Realty, 601-991-2900 Office; 601-278-4513 Cell (Front Gate Real Estate) over 4 years ago

Great comments Pat Starnes . The $300,000 was not an accepted offer but it was a written formal offer.

Posted by Bob "RealMan" Timm, Owner of Ward Co. Notary Services, retired Realtor (Ward County Notary Services) over 4 years ago

Bob- you did a very professional job of handling this.  And you never know who's on the other end.  At least no one could say you were rude.  

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) over 4 years ago

I don't think you were being rude, but I wouldn't have given all that information. I would have stopped after "wow, overpriced." Let the texter go on about a bill and this and that -- means nothing.

Posted by Pamela Seley, Residential Real Estate Agent serving SW RivCo CA (West Coast Realty Division) over 4 years ago

There are people that you just can't win with.  Better to just provide the facts and leave it at that (keep it simple).  The moment you get the feeling the person texting you has a chip on their shoulder... that's the time to cut the conversation short.

Posted by S. Leanne Paynter ☼ Broward County, FL, Davie, Plantation, Cooper City & Weston Specialist (United Realty Group, Inc.) over 4 years ago

Bob, respectfully, I query whether sarcasm is a professional means of responding?   "So are you a licensed appraiser?" is a bit terse.

From time to time, prospects will push our buttons and cross the threshold into rudeness, but argumentative/defensive responses make us appear less professional. 

If you wish to engage more productively, a less flip opener might be , "your valuation is interesting.  I'd welcome hearing how you arrived at it."

That is, of course, if you're trying to make a client of your text buddy.

Posted by Brian L. Sirota, Esq., For Solutions: (714) 501-7660 (Bristar Realty (Realtor/Attorney)) over 4 years ago

"210k bottom line and that is about 20% over actual worth" ... If this person knows so much about value, why are they so quick to offer 20% over?

Posted by John Novak, Henderson, Las Vegas and Summerlin Real Estate (Keller Williams Realty The Marketplace) over 4 years ago

Bob "RealMan" Timm everyone has a right to have pricing opinion! Some of them are close to appraisal and some of them rely on some online models!

You did everything right! 

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners) over 4 years ago

Thank you Kathy Streib your response means a lot to me as I have read a lot of good advice in your posts.

Pamela Seley you are correct that sometimes I just need to let the conversation end on a short note but anytime I hear someone say "the Realtor over priced the house" I see red.

 

Posted by Bob "RealMan" Timm, Owner of Ward Co. Notary Services, retired Realtor (Ward County Notary Services) over 4 years ago

S. Leanne Paynter ☼ Broward County, FL  you and Pamela are correct in that I should have let it go early but I was hoping he/she was a legitimate buyer.

Brian L. Sirota, Esq. thank you, I love your answer "If you wish to engage more productively, a less flip opener might be , "your valuation is interesting.  I'd welcome hearing how you arrived at it." I wish I would have thought of that then. 

 

Posted by Bob "RealMan" Timm, Owner of Ward Co. Notary Services, retired Realtor (Ward County Notary Services) over 4 years ago

John Novak that thought and Brian L. Sirota, Esq. answer are both brilliant! Next time I receive a text like this I am definately going to take more time to mull it over and come up with a better response. I wish I had been sharper and more curtious as you and Brian have shown I may have been.

Thank you Praful Thakkar a little assurance makes me feel better. I appreciate it.

Posted by Bob "RealMan" Timm, Owner of Ward Co. Notary Services, retired Realtor (Ward County Notary Services) over 4 years ago

I wouldn't have bothered texting back after their second text, or maybe, a more friendly response of "we'll let you know how it turns out". From that second text onward you have nothing to gain and everything to lose by way of a negative review, a complaint, etc.

Having said that, I totally understand where you are coming from. I was "thinking" exactly what you were typing.

Posted by Richard Robibero, e-Pro, ABR, SRS, Selling Your Home as if it were My Own! (Panorama R.E. Limited) over 4 years ago

Thanks Richard Robibero, ABR, SRS in hindsight I agree that I let it go way to long.

Posted by Bob "RealMan" Timm, Owner of Ward Co. Notary Services, retired Realtor (Ward County Notary Services) over 4 years ago

Bob "RealMan" Timm - The texter wanted to pick a fight and "prove" he or she was right.  It's so odd.

The first thing I would have done is asked if they've seen the property.  If not, they'd have to see the property prior to making an offer and all offers are submitted in writing.  And by the way, we do currently have an offer in play.

Thecontinued arguing would have prompted to tell the texter they're probably right and to wish them good luck.

I'd never consider the texter a viable lead.  They've already shown that they're likely to offer about two thirds of what a property is worth.  A waste of time.

You didn't go rude.  You're so nice of a person, I don't know that you have it in you to be rude if you wanted to.

 

Posted by Jill Murty, Realtor - Orange County, CA (PREA Realty) over 4 years ago

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