How to deal with unmotivated seller...& agent?

How to deal with unmotivated seller...& agent?

Investor · Germantown, TN · Member since 2015 · 86 posts · 26 votes

Here is the situation at a high level.  

Seller is owner/agent out of state.  The property is cash flowing well for seller so no rush to sell.  Listing agent will have to pay referral fee/share to seller.  I don't have buyer agent and deal directly with listing agent.

What can you do to motivate both to move forward without overpaying for the deal?  Thanks for your advice.

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  • Residential Real Estate Agent · Grand Rapids, MI · Member since 2013 · 803 posts · 689 votes
    10y

    It's hard to motivate an unmotivated seller. They likely listed the house at retail or higher because they don't need to sell. If the numbers work at the price listed then continue forward otherwise look for another property. Don't spend to much time trying to make this a deal when it never will be. There are to many other properties out there to get to emotionally involved with just one. 

  • Investor · Germantown, TN · Member since 2015 · 86 posts · 26 votes
    10y

    @Jake Thomas

    Thanks!  Well said.  I'll give it a shot but will be prepared to move on.  

  • Russell BrazilBusiness Member
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    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    10y

    There is nothing you can do. You have 2 agents involved in the deal. Believe me they know what the property is worth, and what is is worth to them may not be what it is worth to you. Either it is worth what they are asking...or they simply do not want to sell it for less. Either way, there is nothing you can do.

  • Investor · Germantown, TN · Member since 2015 · 86 posts · 26 votes
    10y

    @Russell Brazil

    Guess you are right.  Hard to read/influence the seller with listing agent in between.  Relationship between listing agent and seller is big unknown as well.  If they have a trusting relationship, the process can be more transparent.

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