You're under no obligation to accept the first or any other offer (except in a few states where you must accept a full price offer that has no contingencies). In fact, offers, even very attractive ones, are rarely accepted as written. More typically, you will negotiate to accept some, maybe even most of the offer terms, while also proposing certain changes for example: Price--you want more money. Financing--you want a larger down payment Occupancy---you need more time to move out. Buyers sale of current house --you don't want … (2 comments)
price: Reverse Auctions (What Most Seller's Are Using)
- 03/08/10 03:05 AM
In today's real estate market, many sellers unbeknownst to themselves are using a Reverse Auction: Here is a description of a reverse auction. A reverse auction is a type of auction in which the roles of buyers and sellers are reversed. In an ordinary auction (also known as a forward auction), buyers compete to obtain a good or service, and the price typically increases over time. In a reverse auction, sellers compete to obtain business, and prices typically decrease over time.. Here is a typical example, lets say that a seller has his home on the market for sale at the … (1 comments)
price: 10 Reasons To Take A Fresh Look At Real Estate Auctions.
- 09/20/09 06:53 AM
Reason #1. Auctions Are Growing! Sales of assets by live auction have grown significantly, with the value of goods sold by U.S. auctioneers exceeding $350 billion in 2008, and increase of 9.3 % over the prior year. According to NAA (National Auctioneers Association) real estate represents the fastest growing categories.
Reason #2. Auctions Work Well In Slower Markets: Auctions can be a particularly important tool in slower real estate markets. Auctions bring all interested parties to a single event, auctions allow the market to "speak" to the seller, determining the current value of a property and producing a transaction. … (0 comments)
price: Myths and More Myths about Selling Your Home Auction Style.
- 09/08/09 04:29 AM
Myths abound around selling a home using the auction method ----some of them are as follows: •1. Selling a home auction style means giving it away. •2. It means that as a seller I am desperate. •3. I will be not get my price. •4. I am uncertain as to why my home did not sell traditional style so why would it sell auction style?. •5. Why auctions are not used more to sell homes?
Auctions are one of the most equitable methods of selling or buying a home, one of the features that separate the nontraditional from the traditional … (1 comments)
price: San Marcos, California ---- Statistical Stat's For January 2008
- 03/02/08 11:49 AM
San Marcos is off to a great start for the month of January 2008. Here is the local information on the real estate market. Zip Code 92078 New Active Listing ---------- 72 Sold -------------------------21 average Sales Price -------$621,519 Average Days on market 109 95.93% of list price. 29% of the listing sold. Zip Code 92069 New Active Listing ------------60 Sold --------------------------- 9 Average Sale price $473,700 95.83% of list price. 15% of the listing sold. Average Days on Market 74
This informatation was obtain from Sandicor (MLS).
… (0 comments)
price: E & O Insurance Surprises!
- 08/29/07 02:48 PM
I just recently attended a mini seminar on E&O insurance sponsor by my local board, and the information that I walked away with I believe is invaluable. Several things I discovered is unsettling. They are as follows: Coverage for any prior transactions that may present themselves as legal issue, in the future will be covered by your present insurance carrier not your insurance carrier that you had at the time the transactions was closed. Example: Let say you sold a home in 2000 and there is a lawsuit file against you in 2005, the carrier that you currently have is the carrier … (3 comments)
Do I need to Take The First Offer That Comes In?
;)
;)
;)
