Right now I am dealing with a buyer who is interested in a commercial piece of property in Jackson Heights, NY. The asking price of this property is well over 7 million and has been on the market for less than a month. The corner property is 100x100 with a R6/C1 zoning, so to a builder this is honey in a pot, the possibilities for this is immense and has a good potential to return a hefty profit.
So this should not be a rant is what you are thinking. I KNOW - I would think the same thing. But here is the problem. I have an offer on this property and I have a good offer. This is not an offer that I just fell into - Noooo - this one required work. You see my buyers were playing to low ball
l games and almost got totally rejected just out of insult by the seller. So this has gone back and forth for over two weeks. FINALLY my buyers made a reasonable offer, that I think the sellers will consider and quite possibly accept.
So whats the problem? Since Friday, the listing agent has not returned ONE call. Not a return call to tell me the property is available or not. I called him Friday 3 times. Saturday 2 times. Sunday 3 times and now today - every hour on the hour. Not a call back.
Welcome to the world of commercial real estate. lar... ps i love knowing you drop by now and then.
Posted by: Larry Cragun | January 22, 2007 at 05:15 PM
Does this agent have an employing broker that might respond or take your call? In California, the real estate broker is responsible for presenting ALL offers.
Posted by: Roberta Murphy | January 23, 2007 at 10:07 AM