4 Buyers You Want to Run Away From
April 22, 2016
If you've ever dealt with a disagreeable buyer, you'll probably recognize these four types of buyers that might make you want to run for the hills. A recent realtor.com® article warned home buyers not to become one of these types of unpleasant clients. Do you agree with their list of the worst home buyers you'll ever encounter in a real estate transaction? Take a look.
Read more: 6 Bad Client Behaviors You'll Encounter
Confrontational buyers: Those whose emotions tend to run high can be hard to manage. Mark Ferguson, a real estate professional and property investor with PRO Realty in Greeley, Colo., recalls a client who nearly walked out on closing day when purchasing an REO property because the seller (a bank) didn't show up. "The buyer wanted to tell the seller and their agent how horrible the process had been," Ferguson says.
Jekyll-and-Hyde buyers: This type of buyer may be nice in person but becomes confrontational when texting or e-mailing. They may use electronic communication to snarl paranoid accusations or demands. Some agents say they've even had buyers write letters to the listing agent threatening to cancel the deal—but bullies rarely win in real estate . Kellie Tinnin, associate broker at ERA Buyers & Sellers Real Estate in Albuquerque, N.M., says about one buyer: "I wish he knew that he did not have to act like a fool to get what he wanted. It all became so comical it was hard to take him seriously."
Buyers who wait until the last minute: Real estate pro Rebecca Knaster recalls a final walkthrough where her buyers began demanding a discount on the sale price over nitpicky details. "At closing, the buyer was demanding a $10,000 credit because the original sink in the unrenovated second bathroom was, in their opinion, not perfectly secured," Knaster says. (The buyer and seller eventually settled on a $500 discount.) "Closing is not the time to speak up on problems with a property."
Buyers who freak out: Purchasing a home can be emotional, and some buyers may crack under the pressure. Chandler Crouch, broker-owner of Chandler Crouch, REALTORS® in Fort Worth, Texas, recalls a buyer who began crying at the closing table. The buyer signed the papers but then convinced the title company later in the day to terminate the transaction. Closing isn't the time for buyer's remorse or breakdowns. Read more: How to Prevent Buyer's Remorse
Source: “REALTORS® Reveal: 5 Home Buyers From Hell – and How You Can Avoid Being One,” realtor.com® (April 22, 2016)
Updated: October 29, 2020