Video published on Instagram · Transcript below
Takeaways
- Sellers get offended and angry at lowball offers.
- The same sellers make crazy lowball offers once they become buyers.
- Should buyers and sellers consider the other party's perspective when pricing? Jim asks.
Transcript
Transcribed from the video audio. Obvious transcription errors fixed where the intended word was certain; wording is Jim's.
I've always found it fascinating how I'll be working with the seller and sellers will get very offended if an offer comes in that they pursue to be a low-ball offer. I mean they'll get angry, they'll sit. We're not dealing with those people. I'll be like, well, what if they'll improve?
Doesn't matter. You can tell them to take that offer and blah, blah, blah, blah. And so then eventually we sell the property and then now the seller is a buyer and what do they do as a buyer? The same thing could in crazy low-ball offers. It's some, well, it's funny, human nature, right? Two parties can't see the other side's perspective. So my question and the poll is, do you think whether you're buying or selling you should consider the perspective of the other party? Not that it's going to guide your offer, but should you understand why a certain price is expected? Take the poll. Love to hear your comments.
Questions about what Jim said here? Ask him directly.
Message Jim on WhatsApp