Nancy Hankin (RE/MAX Real Estate Consultants)

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Rainmaker
153,092
Nancy Hankin
RE/MAX Real Estate Consultants - Palm Springs, CA

Yes, as we all know....NEIGHBORS are now the so-called EXPERTS when it comes to real estate. FRIENDS are also guilty of this so-called EXPERTISE on real estate. In addition to all the many hours of education and experience needed to be a Realtor, we also need to take courses on "How to overcome objections from all the friends and neighbors as well!: LOL Happy Healthy New Year to All and thanks for stopping by to answer my question. Great answers!

Dec 30, 2014 01:50 AM
Rainer
273,370
Ben DeHaven
Haven Realty & Investments - Winter Haven, FL
Proudly serving Winter Haven & Lakeland, Florida

Nancy Hankin If the sellers are happy with the offer, it shouldn't matter. Sounds like someone has been watching too many TV shows and is a "professional" now. 

Dec 30, 2014 01:44 AM
Rainmaker
854,045
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Ridiculous. If the offer provides what they were hoping for when they listed, then accept it as long as it is strong with solid pre-approval and other terms.

Dec 30, 2014 01:35 AM
Rainmaker
3,333,962
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Hi Nancy...good to see you again...I don't think there is any hard and fast rule totake or not take the first offer. If the reason to reject it....as opposed to counter it...which we do not ever advise...it is usually all about the money....and Sellers need to look at how realistic their own expectations are...and the cost of sitting on the market if they do not choose to take it. All the best of the new year to you !

Dec 30, 2014 09:23 PM
Rainer
44,696
Dave Hymes
RE/MAX Gold - Placerville, CA

I usually tell my clients when taking the listing not to be surprised if we get a very good offer immediately. Because there are Buyers out there that have seen everything that matches their criteria, nothing is quite right and they're just waiting for the perfect new listing. That advice prepares them well for such an offer.

That said it's always difficult to find a diplomatic way of saying your friends don't know what they're talking about.

Dec 30, 2014 07:01 AM
Rainmaker
1,115,130
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

No, the first offer isn't necessarily the best offer however when friends enter the picture with commentary like that I ask my SELLER. "See if those well intentioned friends will cover the spread between this great offer and the next one." From a BUYERS perspective I ask them to go full steam ahead when they want THAT home. The one you love is the one that often gets away if you don't.   

Dec 30, 2014 05:21 AM
Rainer
286,019
Kelly Cummings and Ryan Cummings
The Cummings Company - Mobile, AL
Your Real Estate Consultants For Life!!!

The First Offer is usually The Best Offer.

Dec 30, 2014 03:36 AM
Rainmaker
894,837
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

In six weeks and the second offer never materializing, the answer will be self evident.

"Thanks to your friend, it appears the market place is now directing you to reduce the price."

I was about 8 years old when I learned statements containing always or never were false. That was immediately after announcing to my Dad, "You NEVER let me go to the Candy Kitchen!"

Dec 30, 2014 03:19 AM
Rainmaker
457,087
Shannon Milligan, Richmond VA Real Estate Agent/Associate Broker
RVA Home Team - Richmond, VA
RVA Home Team - Winning with Integrity.

I have found the first offer is usually the best UNLESS: 1) There are multiple offers on the property 2) It is a very low ball offer. Time and time again I have proven the statement, "your first offer is often the best offer" to be true. 

Dec 30, 2014 02:23 AM
Rainmaker
153,092
Nancy Hankin
RE/MAX Real Estate Consultants - Palm Springs, CA

I also agree with Jeff. Now it will be my job to convince the Selllers that I have a wee-bit more experience than their dear friends are are advising them on this situation.

Dec 30, 2014 02:16 AM
Rainer
126,564
Mike Tizzano
Amerifirst Financial, Inc Equal Housing Oppurtinity Lender AZ BK0013635 NMLS 145368 LO:1015837 - Mesa, AZ
Protect Your Transaction Certified Lender

I agree with Jeff Pearl, if it's a great offer you don't want to lose it and be at risk of not getting another offer that's as nice.

Dec 30, 2014 02:04 AM
Rainmaker
519,039
Bruce Hicks
Best Homes Hawaii - Honolulu, HI
Your Best Hawaii Realtor!

It could be a low ball offer, but you can always counter.  That is exactly what happened at my newest listing Nancy Hankin .  We went into escrow yesterday.  It had been on the market for over 2 weeks and no activity.  The saying "A Bird in Hand is Worth Two in the Bush" is appropriate.  I clicked LIKE.

Dec 30, 2014 01:38 AM
Ambassador
5,472,376
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Many times it is.

Aug 31, 2019 07:57 AM
Rainer
279,648
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

I think so.

May 12, 2018 10:55 PM
Rainmaker
629,951
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

Most of the time, this is true.

Jan 03, 2018 11:18 PM
Rainmaker
4,799,601
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Your client's friends are idiots.

Oct 02, 2017 05:45 AM
Rainmaker
3,070,134
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

it depends

Oct 29, 2016 11:27 PM
Rainmaker
153,092
Nancy Hankin
RE/MAX Real Estate Consultants - Palm Springs, CA

I also want to say "hi" to Sally and Dave Hanson from my home state, Wisconsin. They were so helpful a year ago when I was in Milwaukee helping my daughter look for a handyman. REMINDER: I live in Palm Springs, CA. If anyone wants to talk to me about creating a referral partnership, just holler. So many  folks in your area are buying second homes here. Happy New Year to all!

Jan 02, 2015 08:27 AM
Rainmaker
153,092
Nancy Hankin
RE/MAX Real Estate Consultants - Palm Springs, CA

Thanks for all your great answers. I Googled this question and printed out a few comments I found on the Internet. Most comments were what we all know and have discussed with previus sellers, but coming from a third party helped. We are now in Escrow and I have two happy sellers! Wishing everyone a prosperous year ahead with many happy sellers and buyers. And thanks again for stopping by.

Jan 02, 2015 08:22 AM
Rainmaker
1,528,396
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Not always, I usually wait at least one week for everyone to submit their highest and best. Sometimes highest is not the best.

Jan 01, 2015 04:38 PM
Rainer
80,093
RVA HomePRO Michael Hottman
RVA HomePRO Realtor with Keller Williams serving Hanover, Henrico, Chesterfiled and Richmond, Virginia - Glen Allen, VA
Helping you achieve goals in life & real estate

Silly to ignore any offer. It's always better to have something solid rather than hope for something better... which may never come.

Dec 30, 2014 02:08 PM
Rainmaker
1,525,355
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I have often heard that the first offer is usually the best offer and I usually advise my clients to strongly consider the first offer.  I've known people who didn't and they regreted it later.

Dec 30, 2014 12:17 PM
Ambassador
4,314,494
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Usually, the first offer may be the best - since it came from the buyers who went ahead and wrote the offer compared to anyone else - showing their liking for the house.

However, at times, some buyers have a habit of writing discounted offers for ANY home - and you can easily find that out based on the offer.

Dec 30, 2014 11:45 AM
Rainmaker
1,027,435
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Oh, yes, sellers can get a little overly excited with the first offer, if it comes in right away - I explain exactly what Jill Moog said above.  Lightning may NOT strike twice and just because one buyer was excited does not mean a thing UNLESS, of course, you are in a hot market with multiple offers expected. 

Dec 30, 2014 11:15 AM
Rainmaker
195,869
Jill Moog
Coast & Country Homes and Estates, Inc. - Carlsbad, CA
Carlsbad, CA Homes for Sale

I have found that the 1st offer received is most often the best. This is true in part because those buyers have been waiting for a property like yours to come on the market. Who knows how long it will be before the next buyer comes along?

Dec 30, 2014 11:09 AM
Rainmaker
90,932
Dana Voelzke
loanDepot (203) 733-9408 - Bethel, CT
Loan Officer/ First time home buyer specialist

I have heard this dubbed "the curse of the first offer"... seller snubs the first offer due to not being emotially ready to let go yet or some other superstition.  Hope you can work through it.

Dec 30, 2014 10:38 AM
Rainmaker
854,045
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Also remember, the first offer might also be their only offer. As Roy says," if the offer fits their needs..." try to make it work.

Dec 30, 2014 09:16 AM
Ambassador
2,079,467
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

On the other hand, the first offer may very well be the best offer they will receive or maybe even the only offer.  If they are not happy with it, they should negotiate something that's better for them.  

Dec 30, 2014 07:44 AM
Rainmaker
5,660,202
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nancy,

I think that you will handle it beautifully.  Sometimes, you just have to put your foot down, because the next offer may not be as good.  Friends are not necessarily experts, they mean well no doubt. 

Dec 30, 2014 04:42 AM
Rainmaker
6,685,763
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The advice not to consider the first offer is very bad. If the offer meets their needs, they should take advantage of the fortunate opportunity. 

Dec 30, 2014 04:12 AM