ATTN. FSBO SELLERS: STAY AWAY FROM PAIN IN THE A$$ BUYERS
There are 3 buyer types to stay away from. These 3 buyer types can sap up your time and profits… if you allow them to.
Here they are:
1. The no money down buyer.
These buyers must get 100% financing, which can often lead to problems in the loan process.
2. A bully buyer.
These buyers think that they can “weasle” a better deal out of you by pointing out every little thing that they see is wrong with the property. And of course, these bully buyers will place a price tag on each defect and either ask for a discount in price or that they be fixed before they buy the property. Yes, it is the responsibility of the buyer to check over the property well… but these bully buyers will point out petty defects just so they can get a discounted price.
3. The sight-unseen buyer.
These buyers can be among the worst and the biggest waste of time for you. Sight-unseen buyers will browse the MLS and throw offers out on homes they like from the pictures. This usually isn’t because they love the house so much… it’s so they can tie up the property to get it off the market. From there they will make a decision on whether they like it or not. This can cost you a lot of time because many sight-unseen buyers will place many clauses in their offer that allow them to easily get out of the offer if they don’t like the house. An easy solution… just require people to set an appointment and actually visit the house.
