Are Buyers expecting to much in todays market

Are Buyers listening to the news and other people too much.  "Sellers are desperate"  "Sellers will sell at any price"  "Banks will take any price just to sell" If only Buyers would think of the golden rule when making an offer, maybe so much paper would not be wasted on low ball offers. Think Green and offer what you would want offered to you if you were the Seller. Listen to your Realtor they know what the market will bare.

Sad to say I have talked to some Buyers that say, when I sold my home I had to lose so I want this Seller to lose so I can get some of what I lost back.. 

As a Realtor I tell my Buyers what the Seller paid for the home, when possible, and what they need to get from the sale to break even. I always figure this is a good starting point. I am not trying to help the Seller, I am just trying to be realistic on what will be accepted.

I have had sales where there was no negotiating room but the Buyer asked for things, so they could feel that they got a good deal. One home we asked for the washer, dryer and refrig. they were new (5,000 value) and a beautiful vase. They got them and the Buyer was happy. 

As for Sellers, in this market, it is hard to make a profit on the sale of your home so if you are looking for a profit then wait till the market is again a sellers market. Rent out your home if necessary.

On the other hand, I do not think it is fare to Sellers to expect them to pay the Buyer to buy their home.

Buyers that continually put in low ball offers hoping for that desperate Seller and loose out on a home that would be the perfect home, if only they had offered a fare price.

What a shame because there is a Buyer out there that will offer a fare price and get that perfect home.

Sellers on the newer homes do not have any built up equity in their homes, because of this, when they need to sell and come out with enough to pay off their mortgage and the fees associated with the sale, they need to get as close as possible, in most cases, to the asking price, when this does not happen for whatever reason some sellers are forced into the long dragged out process of a short sale or walking away and facing foreclosure. Again Seller, if this is the case consider renting it out till times get better.

As for Banks, FHA has a rule that foreclosures start at 88% of appraisal value and they do not lower the price for 30 days, after 30 days, it goes to 86% for another 30 days then stops at 84%. If the home is in good shape and does not need thousands of dollars to make livable it will sell in that time frame and in most cases will sell for more then asking price. As for conventional owned loans their percentage is like at 92% starting. So Buyers again don't listen to the news and think you can get a home, penny's on the dollar, not going to happen, not in Texas anyway. 

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