Deciding to be a back-up offer isn't a buyer's ideal situation, but in a competitive, fast-paced real estate market when offers are reviewed on Tuesday evening, then being #2 really isn't such a bad thing. And sellers, you should feel lucky to have a back-up... just in case. Back-up offers provide home buyers and home sellers unique Continue Reading
Responding to Real Estate Offers
will they respond to our real estate offer today? Clients always ask when they will hear back after an offer is submitted. It may be painful to hear but... it depends. Recently, when an offer was presented to a client, there was a typical discussion of when he should respond to the buyer. The offer was close to what he was asking for his Continue Reading
When Should You Respond to Counter Offers?
There isn't anything worse than waiting for an answer. Yes or No. Come on man, just let me know! The tip that I give my Northern Virginia real estate clients is to respond to any type of offer quickly, and to take every one seriously. Speed is very powerful when negotiating. In real estate, a quick response is powerful If that answer is too Continue Reading
Adding a Deadline to Your Real Estate Offer
If you are planning to make an offer on real estate then remember that real estate offers must be in writing to be enforceable. Period! Although the real estate sales contract process is different around the U.S., having the terms on paper is the essential first step. The contact price, financing terms, closing date, and contingencies build a Continue Reading
Will Your Real Estate Offer Make the Cut?
Every home buyer tries to figure out what it will take to buy the home that they have decided to make an offer on. Determining the right price, or how much wiggle room there is, is the bottom line here for everyone from the first time buyer to the savvy investor. If you are sitting at your kitchen table pondering this question, then it is time Continue Reading
Does Your Real Estate Offer have a Deadline?
If you are submitting a written real estate offer to buy a home then you want the sellers to respond in a reasonable time-frame, right? So, is there a set deadline for them to respond to your offer? Well here is the truth: Unless you put in a deadline in your offer, then your offer is out there until it is accepted, countered or withdrawn by Continue Reading
Digital signature saves the home sale negotiation!
One of my real estate associates at RE/MAX Presidential recently went on a vacation and I agreed to handle her clients. Yes, we all need vacations (even real estate agents) to recharge our batteries and add a little adventure to our lives. In her case, it was a motorcycle trip in Wyoming and Montana with her husband. One of the cases involved a Continue Reading
Home buyers need a plan, and be ready to pull the plug…
It has taken a couple of months, but you are now walking up the stairs and into your new home. It’s actually a little bigger than you thought and you can’t wait to paint the kitchen, replace the carpet, get the FiOS set up, and turn in the keys at the old place. Maybe even take a dip in the pool! Nice story, but this is the type of mental image Continue Reading
