Real estate blog entries tagged with buyer mistakes by J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY

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Home : Blogs : J Philip Faranda, Broker-Owner : J. Philip's Westchester Real Estate Blog (914) 723-8900 : Tag "buyer mistakes"

buyer mistakes: How the "Buyer's Market" Mentality is Hurting Buyers - 01/27/12 08:24 PM

I have written before on what a buyer's market is and what a buyer's market isn't. Westchester County and our surroundings are a sought after destination; even if a home has been on the market for a year, once the price is right it will sell. I wish I could impress this upon a few buyers who have lost opportuntities when more motivated people came along and outbid them.
We recently listed a newer build in a desirable subdivision. While it was a short sale, it was also upscale. Not long afterward, an offer came in almost 15% below asking … (25 comments)

buyer mistakes: Real Estate 101: Don't lock Your Rate in Without Telling Me - 11/19/11 09:34 PM

There is nothing we like more than an enthusiastic, gung -ho buyer in this market.
There is nothing we like less than a stressed out buyer who makes life hell for all involved.
So, when that gung-ho buyer locks their rate in for 30 days and we haven't even signed contracts yet, it doesn't take a clairvoyant to know there will be trouble down the road. And yet, every so often this occurs. We get an accepted offer on one of our listings, inspections are done, the lawyers are talking contract (remember, here in New York we do it backwards- no … (9 comments)

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J Philip Faranda, Broker-Owner

Briarcliff Manor, NY

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J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY

Address: 522 North State Road , Suite 100, Briarcliff Manor, NY, 10510

Office Phone: (914) 762-2500

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Phil Faranda is broker and owner of J. Philip Real Estate LLC in Briarcliff Manor, NY. Since founding the firm as a sole practitioner in late 2005, the team has grown to over 20 agents and closed 300 transactions valued at $125 million. He is in his 3rd term as Vice President of the HGMLS. This blog commentary is geared toward consumers and industry colleagues alike. You can reach him at (914) 723-8900.
Warning: *Sarcasm and irony advisory at all times.*

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