Peter Mohylsky.   BRIX REALTY, BRIX REALTY -DESTIN (Miramar Beach, Florida )

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Rainmaker
4,213,358
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Actually that sounds like a productive meeting.  You know what she wants.  You understand that she sounds unreasonable.  Sometimes an appointment is considered a success when you simply move on.  Next Opportunity.  

Aug 06, 2019 06:26 PM
Ambassador
3,568,905
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

I had a very creative agent and he would  use this line when someone wanted an unreasonable amount:

"Yeah, and I want to be a pole dancer!"

Aug 06, 2019 08:41 PM
Rainmaker
860,815
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I've had that happen. One lady told me " I don't believe in comps, I believe in setting the comps." She wanted $675,000.00 for a house that was worth around $450,000.00. I told her there wasn't much chance of even getting $500,000.00 so I wasn't interested in listing it. She was obviously living in her own little fantasy world.

Aug 06, 2019 06:25 PM
Rainmaker
468,799
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

In our market - if she actually got a good deal when she bought - we've had almost that amount of appreciation over the past two years.  But my favorite one liner for folks that want way too much for their place is, "Congratulations, you're the highest bidder for your home - you get to keep it."

Aug 07, 2019 07:04 AM
Rainer
346,089
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Sounds about right with this market. Seeing stupid things lately. 

I am really happy to hear you asked her if she would buy her home for that price, and her answer is priceless.

Aug 06, 2019 06:24 PM
Ambassador
2,717,714
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

NEXT! I have had many experiences with listing homes, some good and others, not so much!

Aug 06, 2019 06:20 PM
Ambassador
2,001,226
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Some sellers are just unreasonable. After they say "I want $750K" the next words are something like, "And if I don't get it, I just won't sell." 

Aug 07, 2019 03:07 AM
Rainmaker
4,224,234
Richard Weeks
Dallas, TX
REALTOR®, Broker

Early on I discovered an overpriced listing is a liability not an asset.

Aug 07, 2019 02:56 AM
Rainmaker
584,734
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Outrageous seller pricing.  Just because they want it, doesn't make it reality.

Aug 06, 2019 07:47 PM
Rainmaker
924,190
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

"Don't confuse me with facts, My mind Is made up."
I'm wondering why you met with her. I can't imagine that she was inconsistent when you spoke with her over the phone prior to the meeting. If that's how it went.

Aug 06, 2019 07:21 PM
Rainmaker
1,708,135
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Good to walk away, many don't.

Aug 06, 2019 06:47 PM
Rainmaker
2,013,973
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Good story Peter Mohylsky, SoWal Is HOME. and I would have done the same.

Aug 06, 2019 06:38 PM
Ambassador
5,614,206
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Sometimes you have to paint a picture for them, how many people will  be tromping through their home on the way to a better home for the same price next door that they will buy.

Each one using her home as a comparison and all finding something better in this price range.

Then point out how eventually she will decide to lower her price, and by that time her house will be tainted in the eyes of all who have seen it on the market too long.

and in the end she will have done all of this for nothing, or will settle for an even lower price.

Aug 06, 2019 06:36 PM
Rainmaker
1,022,994
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Did she say how she arrived at that value?

Aug 07, 2019 07:30 AM
Rainmaker
4,335,953
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I don't. Most of my business is repeat and referral and I like to think I deal with rational, motivated sellers. But I did have a seller once who turned down 7 over-ask offers, three of them for all cash. I fired him.

Aug 07, 2019 04:10 AM
Rainmaker
3,621,476
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

I'm almost positive, in the end, she'll call you back

Aug 07, 2019 01:55 AM
Rainmaker
977,017
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Seems like you, rather she, wasted your time.

I have no experiences to rival that one.

Aug 06, 2019 06:22 PM
Ambassador
3,351,789
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Haha sure I've run into that type of client over the years.  My first broker - way back when taught me to use this phrase....it works!

 

Well.....then let me refer you to an agent that specializes in over priced listings.

 

The look on their face is always - priceless!!

Aug 07, 2019 02:45 PM
Rainmaker
6,859,283
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good luck.

Aug 07, 2019 06:56 AM
Rainmaker
779,666
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Nothing to share except a kudos for not taking an overpriced listing. 

Aug 07, 2019 04:35 AM
Rainmaker
4,417,717
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

What part of "NO" do't you understand? Next!

Aug 07, 2019 04:23 AM
Rainmaker
1,542,240
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

What was your suggested listing price? 

Aug 07, 2019 12:52 AM
Rainmaker
538,437
Steven Nickens
Hawaii Life Real Estate Brokers - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

I recently check out a listing, total remodel. The seller wanted over $1,000,000 not going to fly.

Aug 06, 2019 11:42 PM
Rainmaker
838,712
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Ha, ha - I've had those appointments too. Do some of these people listen to themselves?...

Aug 07, 2019 01:37 PM
Ambassador
3,119,709
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

"Balls said the Queen IF I had them I'd be King." 

Thank her for her time and move on to the beach!

 

Aug 07, 2019 08:36 AM
Rainmaker
1,413,614
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Good call!  No stories like that.  I did have one buyer who wanted to list 20k over where we were suggesting and we listed it under the conditions that if we sit on the market for 2 weeks we lower the price.  The area turned out to be MUCH more popular than we thought.  Got multiple offers and sold over list!

Aug 07, 2019 08:26 AM
Rainmaker
5,764,585
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Next!

Aug 07, 2019 07:59 AM
Rainmaker
699,688
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

The homes on the street where I am currently vacationing range from $1MM to $3MM, roughly. We have one Agent who listed a single building lot on the same street for $2.5MM. Another old home that they would just doze and rebuild (so its essentially land) is on for the same. 

I would much prefer to get that listing after it has expired and been reduced many times. 

Aug 07, 2019 07:43 AM
Rainmaker
908,513
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

What did you expect?

Did you expect the homeowner to tell you the actual minimum they would accept. If they did, that is exactly want it would sell for.  Now THAT is the expectation of the homeowner.

But it is good that you walked away. Who needs that kind of distress in their life.

But we all know reality is revealed with the first offer which a real estate professional is OBLIGATED to present.  Until then it is armatures discussing strategy, not professionals planning logistics.

Aug 07, 2019 05:19 AM
Rainmaker
1,659,505
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

You did the right thing. So many sellers are self destructive.

Aug 07, 2019 04:26 PM
Rainmaker
1,172,514
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

It is the quality of my time that counts. If the seller is unrealistic I walk away. 10 years ago it was a 85 year old lady she told me she will sell no less than $1M with 7 car parking. After the meeting she hang up told me She will not pay tax gain(commercial). 6 realtors later over 10 year, the place burned down. There is a big For Sale sign again asking $5M now. Good luck to that 95 year old greedy woman. 

Aug 07, 2019 08:13 AM
Ambassador
4,419,980
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Oh, that behavior is RAMPANT right now.My BFF just did something very similar to me, Peter.

I had to have a come-to-Jesus meeting with her!

Aug 07, 2019 09:39 PM
Rainmaker
5,165,503
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Run, don't walk.

Aug 22, 2019 05:21 PM
Rainmaker
4,194,863
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow,  I know of some clients that are like that and they think they should get top dollar but they would not pay that much.

 

Aug 09, 2019 05:30 PM
Rainmaker
2,058,047
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I would have done the same Peter.

Aug 08, 2019 06:44 AM