The ,000 Washer and Dryer - Real Estate Mistakes Made When an Ego Comes Into Play
Back in the 1960's, Tarryton Cigarettes had the saying "I'd Rather Fight Than Switch." Personally, I think I would give up my definite brand of cigarettes than take a solid punch in the face. But fighting is what some folks like to do, at least verbally, and this characteristic is often played out during the back and forth volleying of buying or selling a home. Especially when Mr. Buyer or Mr. Seeder don't have to face the opposition directly, and are allowed to vent their frustrations straight through a third party- Their trusty realtor.
The ,000 Washer and Dryer - Real Estate Mistakes Made When an Ego Comes Into Play
In a weakened real estate market, roughly all transactions involve some kind of fighting between buyer and seller. Rare are the times that every person agrees upon value and terms. The Seeder always believes his home is worth more than it as a matter of fact is, and buyers always believe that they are overpaying for any given piece of real estate they may be eying. Evidently sellers don't watch the evening news, and buyers swallow all things that comes out of a news anchors mouth as gospel. Sure the shop is soft in Detroit and St. Louis, and of policy Miami and Las Vegas are struggling, but since all real estate is local, the true depth of our economic issues in any given part of the country cannot be summed up by some Gloom and Doom story on the nightly news. To sellers, the effects of the cheaper on their home value is slight, and to buyers, this downturn is the similar to Chicken Little's forecast that the sky is falling. Somewhere between the two lies the truth. Hence, the initial friction in getting both parties to agree on value.
The real problem comes when the negotiating for the smaller issue arise. How much of a reputation for issues discovered during a home inspection is fair? Since both buyer and Seeder are now at their breaking point- who is going to be the one to give the nearly nominal concession to allow the transaction to continue? This scenario once played itself out, much to the detriment of one of my sellers. As a veteran real estate agent, trying desperately to bring two parties together, the sticking point after a few weeks of negotiating was a washer and dryer. A used washer and dryer...a Kenmore I believe. The buyers wanted them, and so did the seller. The Seeder decided that although the cost of lively the appliances out of his basement, and over the country to his new home was going to be borderline worthwhile, it was just the knife he was going to stick into the buyers back. To hell with them, was his motto. Take it or Leave it, I recall him saying.
The buyers took choice two, and walked away from the deal. The Seeder kept the home, along with his used white Kenmore washer and dryer. His life was on hold for just over four months, as we found a new buyer. And this new buyer was smart- he let the Seeder keep his washer and dryer, and he paid ,000 less than the first buyers who walked away from the deal four months earlier.
Fighting, for the sake of fighting, is sometimes a high-priced event. Even if you love your washer and dryer a lot, it is sometimes better to cut your losses and head for the hills, even if it means having to fork over a few dollars for a new washer and dryer. Pinching a dime for a dollar is never a good idea, and commonly an awful idea in a softening real estate market.
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