Coffee With A Twist
A coffee conversation today with my Vancouver Realtor® buddy had an interesting twist.
It was Sunday in the early evening when the call was made to the listing agent.
- Buyer’s Realtor® – “We’d like to make an offer!”
- Seller’s Realtor® – “Ok that’s great but, I need to tell you that three others who visited the weekend open house have also declared their intent to make an offer as well,” said the listing agent.
- “Oh – well then, I will inform the buyers I’m representing to advise them that you expect multiple offers – I’ll get back to you with their decision.”
Later Sunday Evening
Buyer’s Realtor® – “The buyers I’m representing have decided that they do not want to participate in a multiple offer situation.” “Thanks for your time and good luck with your multiples.”
- Seller’s Realtor® phones. “Would your buyer’s reconsider their decision?”
- Buyer’s Realtor® – “Why?”
- Seller’s Realtor® somewhat embarrassed – “the other three offers that were declared Sunday evening have decided not to go forward.”
Under the assumption that the recent lack of Vancouver home sales need a reason then here is one that might fit. If in fact this is the reason, then we are left to ask if this is a new Vancouver home buying reality or worse, a portent?
Without numbered conclusions, only suspicion remains that a number of Vancouver home buyer’s may initially be jumping at record low interest rates that excite the prospect of owning a Vancouver home. Then, with quiet reflection, they recognize the financial impact to their life style for years to come. As silent deliberations root buyers exorcise the simplest way out of their dilemma – they retreat to leave sellers gasping.