I had an investor come into a project I was working on about a month ago and proceeded to tell me that this is wrong and that is wrong and that we were priced way too high. I said, well the amount of sales we are having says different.
He wouldn't give me his information, but did take my card and said he would get back to me. I told him that if he waits, they will be gone. He said at this price, I doubt it and he left. Well, today it had been one month since the day he came in to the open house and he said he had been thinking about it, and he wanted to present an offer.
I had to be the person that gave him the bad news that every unit that he had looked at, that I predicted would be sold, had been. We even have had two closing in that month's time and two are scheduled to close in the next two weeks.
He was mad, but I told him that I gave him every chance to buy. Then he asked me why I didn't call him and tell him offers were coming in. I informed him that when I asked for his information he refused to give it to me and said he would call me.
So if you are a buyer and know something is a good deal, don't try to bluff your way into a better deal, or you just may lose the deal that is front of you at the time.
Todd Clark (Principal Broker)