Five Ways To Identify A Fake Seller

**CharlesHeyward** · 12-22-2009, 05:04 AM

I was recently in escrow with a young couple. We ended up cancelling the escrow because so many things were going wrong. It was very frustrating to them that the sellers were missing contract deadlines and they became strangely non-cooperative. I knew exactly what was happening. We were working with fake sellers! Today I

**First Time Home Buyers** · 12-22-2009, 07:09 AM

Wow, that's crazy. I guess they really didn't want to sell or make any money. It still amazes me the kind of delusional sellers we have in today's market.

Good topic.

**REITrainingWhse** · 12-22-2009, 03:17 PM

Hmm, I would retitle the thread to something like: How you know that you don't have a MOTIVATED seller -- I mean all my properties are for sale, if there is a FOOL that will pay my price -- so I am not a FAKE seller, just an UNMOTIVATED one. All my properties are making good +CF, and the only reason I would sell is... Once again, some FOOL gave me the price I was looking for.

So, what is wrong with a seller wanting TOP-DOLLAR, in NO RUSH to sell? Well, besides the low potential of selling.

Well, just wanted to voice my opinion - sounds like you are just frustrated that you dealt with a unmotivated seller, which are pretty easy to discover - if you ask the right questions.

Later!

**Moore** · 12-23-2009, 06:50 AM

I think now there are some seller who are really hard to be identified as fake ones. They are almost perfect as they realize that now people know more and they try to do their best not to be found out.

**BoiseRealEstateSoup** · 12-23-2009, 01:34 PM

Originally Posted by REITrainingWhse

Hmm, I would retitle the thread to something like: How you know that you don't have a MOTIVATED seller -- I mean all my properties are for sale, if there is a FOOL that will pay my price -- so I am not a FAKE seller, just an UNMOTIVATED one. All my properties are making good +CF, and the only reason I would sell is... Once again, some FOOL gave me the price I was looking for.

So, what is wrong with a seller wanting TOP-DOLLAR, in NO RUSH to sell? Well, besides the low potential of selling.

Well, just wanted to voice my opinion - sounds like you are just frustrated that you dealt with a unmotivated seller, which are pretty easy to discover - if you ask the right questions.

Later!

Bonus points! I agree with you.

I have a REAL seller who has his home on the market at $225,000, which is at what I would call top of the market for his type of home and property. He doesn't need to sell the home, however, he would like to sell the home. But he's only going to do so to someone who wants to pay what he's asking and on terms that he's willing to accept.

As a Realtor, I have made it clear that I won't exhaust my resources trying to attract buyers who aren't interested in that type of scenario. He's made it clear that he understands his price is a bit higher than the few comparables that do exist, and also understands that when the right buyer comes along a deal will ensue.

I think what Charles is dealing with are sellers who are just firm and not very motivated. And, as you mentioned there are ways to identify a motivated seller by asking the right questions.

What's worse are the buyers who feel that they are entitled to a discount price when a seller has accurately priced his home at or below market.

**aronalex83** · 12-25-2009, 10:54 PM

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