When you and a seller diagree on value

[Ryan Dossey]

If you do any type of marketing you will run into calls with people who I politely call "dreamers". You know the type.... 

My best one yet

Vm: "Hi Ryan. Oh Sweetie I don't want you to waste your time. You would have to have deep pockets for this one. You're better off just moving on from this one. *giggle*" 

Now how many of you would like to call her back? She got the award for the most condescending tone ever.

So I call her back. She wants 1 Million dollars for a home that is worth 184k tops. Because her All State Agent told her she shouldn't take under 1 Million in this "seller's market". 

Man last time I checked property values hadn't increased 500+ % in Indiana. Maybe I should go back to the drawing board... 

I politely informed her that I could only pay what the market allows and the market value is under 1/5th of her asking price.

[Dev Horn]

Always make an offer.  Anyone I talk to gets an offer from me.   The person that tells you they want 1M for a $184K house is telling you "I don't want to sell my house.".  I'd still tell them, "Man, I wish I could pay 5X the market value for your house, but real estate doesn't really work like that.  I can offer $110,000 for this house if you decide to sell quickly and just want to cash out...".  Guys, I don't CARE what people tell me their house is worth.  I only care about what I can pay for it and make a profit.

And I will NEVER buy a house if I don't make offers.  So, make the offer.  Then move on.  And follow up.  Call or email once or twice a year so they don't forget about you. Think about you business over a period of years.  Everyone you talk to is someone that can either sell you a house or tell someone else about you.

AMAO ===> Alway Make An Offer.