To all Buyers.
Do you feel that an offer has to be within certain guidelines to be considered by the seller? If yes, why? What is the ' decent ' offer?
I am asking this ' newbie ' question, because I have been told in both occasions now, when I made an offer in writing, that I am not serious. Why am I not serious? Just because the seller does not like the number I provided?
I know now that a deadline can be put on any offer and it will quietly expire, when the seller does not make any counter. I still disagree with that. Negotiation is something we all do in our lives; to get hired, in business, with spouses, with our kids, etc. So, why am I ignored, when I want to get the feel of the seller and start an honest negotiation on a property? It happens in real estate, it happens at the dealerships, almost everywhere. In the boat business, this is not very common, I am told.
If get a counter, any size, I would get a message about the seller, how far he wants to go with the compromise. I might change my number accordingly and we can inch closer and closer to the final price. If I don't get anything back, except a note that I am ' not serious ', I feel insulted. Anybody should be able to state their position without judging someone else. There is no harm to come back with a counter, which is way out of my range, and we just say thank you and wish you well to each other. At least, this is what I would do, if I wanted to sell my property. I don't have one, yet, but it can happen some day.
I know that we all want to sell for the highest price and buy for the lowest price. But who set these standards for 3-5-8 % only limit on an offer? Business is business. We all want to make the best of it. How can I do it, if I get no communication and being ignored?
I remember, close to 40 years ago, when I first visited the Bazar in Istanbul, Turkey, as a young deckboy/O.S., I received a quick education from the shop owners and my senior sailors that negotiation is a must. A shop owner will not even talk to you, no matter how stupid foreigner you are, if you are not willing to negotiate. That is the charm of doing business. Money too, of course, but over there, nobody was offended, if I gave a 15-20-30-50% off price offer. We were all smiling and laughing and everybody had fun. Of course, they ripped me off, no matter how smart I was trying to negotiate, but at least, we had mutual respect and lot of fun.
Obviously, buying and selling a boat for many 100Ks is not a bazar item. I know that. What bothers me is judgement and ignorance. Give my your ' counter ', I'll consider it, I will counter it, and at the end we might just stay friends without spending any money.
In my case, the selling broker told to my buying broker that I was not serious and the seller does not even want to start any communication with me. I find this disrespectful.
I moved on and I will live, so no anger here. I just want to understand other people's thinkings. Please, educate me, where am I wrong? Thanks.
Do you feel that an offer has to be within certain guidelines to be considered by the seller? If yes, why? What is the ' decent ' offer?
I am asking this ' newbie ' question, because I have been told in both occasions now, when I made an offer in writing, that I am not serious. Why am I not serious? Just because the seller does not like the number I provided?
I know now that a deadline can be put on any offer and it will quietly expire, when the seller does not make any counter. I still disagree with that. Negotiation is something we all do in our lives; to get hired, in business, with spouses, with our kids, etc. So, why am I ignored, when I want to get the feel of the seller and start an honest negotiation on a property? It happens in real estate, it happens at the dealerships, almost everywhere. In the boat business, this is not very common, I am told.
If get a counter, any size, I would get a message about the seller, how far he wants to go with the compromise. I might change my number accordingly and we can inch closer and closer to the final price. If I don't get anything back, except a note that I am ' not serious ', I feel insulted. Anybody should be able to state their position without judging someone else. There is no harm to come back with a counter, which is way out of my range, and we just say thank you and wish you well to each other. At least, this is what I would do, if I wanted to sell my property. I don't have one, yet, but it can happen some day.
I know that we all want to sell for the highest price and buy for the lowest price. But who set these standards for 3-5-8 % only limit on an offer? Business is business. We all want to make the best of it. How can I do it, if I get no communication and being ignored?
I remember, close to 40 years ago, when I first visited the Bazar in Istanbul, Turkey, as a young deckboy/O.S., I received a quick education from the shop owners and my senior sailors that negotiation is a must. A shop owner will not even talk to you, no matter how stupid foreigner you are, if you are not willing to negotiate. That is the charm of doing business. Money too, of course, but over there, nobody was offended, if I gave a 15-20-30-50% off price offer. We were all smiling and laughing and everybody had fun. Of course, they ripped me off, no matter how smart I was trying to negotiate, but at least, we had mutual respect and lot of fun.
Obviously, buying and selling a boat for many 100Ks is not a bazar item. I know that. What bothers me is judgement and ignorance. Give my your ' counter ', I'll consider it, I will counter it, and at the end we might just stay friends without spending any money.
In my case, the selling broker told to my buying broker that I was not serious and the seller does not even want to start any communication with me. I find this disrespectful.
I moved on and I will live, so no anger here. I just want to understand other people's thinkings. Please, educate me, where am I wrong? Thanks.