Who you are, what you do, and how much money you have has nothing to do with anything. Ignore it.
I'm challenging Hank to a duel because he thinks that my answer is the result of smoking something that makes me happy.
Nothing makes me happier than being significant.
Eberechukwu - now that I understand your stance, this is all about a written offer with a time limit, earnest money and up front diligence as the basis of your offer.
You are over-thinking this matter.
Your over-thinking is your misconception.
You are the buyer. You have the advantage. You do not need to buy any house for any price that you do not want to pay. Any seller should be happy with your offer, because it is better than the other offer that they got that day.
What other offer? Well, there was no other offer, probably, so regardless of who you are or where you work, your offer is all that matters. it's the only one they've got, right?
Finally, this question is not about agency. However, if you do not have a competent, talented agent, then you should.
Check out the web reference, E.
Why does the seller know of your occupation? How is that relevant?
You place an offer based upon the data and market trends - we're not flying to Mars and back. This is a rather simple business when the proper methods are employed.
As Cathy alluded to - perhaps the offer was on the lower side - but, fair, in the current market, in my opinion (clearly not fair enough in the seller's opinion though!). I believe the misconception lies in the fact, that the seller believes we can afford more based on our occupations...and this really isn't the case.
E - what's the concern here, the same questions might have been asked as the car replaced the horse...or the gun the bow...it's progess baby and we evolve or die.
It sounds like you're a buyer so play the strong hand you're holding. Real estate in this environment is "all business" - get a competent buyer's agent and let them work. For you it's about the deal, you are not likely to be handled with kid gloves when you're selling.
As far as data being accessible, best thing ever. My clients are presented with plenty of data, a detailed reveiw of that data so it's clearly understood and given suggested courses of action. We know what constitutes success before we go in, we take it if it's there and move on if it's not.
It's nothing personal...just business....it's in your best interest to remember that!
Hank Miller, SRA, ABR
Associate Broker & Certified Appraiser
Prudential GA Realty
Same as it ever was.
Your personal currency in today's world is your word, your bond, your earnestness.
But, that's just like it was in the old days, when everybody knew everybody else.
Sometimes, in those days, men settled their differences in a duel, didn't they?
What honour are you dueling over in this "arms length" sales transaction, my dear Eberechukwu?
I'm struggling to understand your concern, but I'm digging the question. Very cool.
I think that if you believe that you have an obviously perceivable misconception, and if that misconception could be a disadvantage to you, then you should disclose and cover the misconception up front.
Write the seller a personal note and identify that in spite of "whatever," you seek a "win/win."
Your agent may advise differently...but "win/win or no deal."
"Seek first to understand, then to be understood."