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Blog entries tagged with "offers":
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Beware When Buying a Condo in Hoboken - Final Doesn't Always Mean Final
Why don't we present our own offers? Because the listing agent tells us the seller won't let us? Come on! Do we even ask? Here's another question: When does the listing agent's fiduciary responsibility towards the Seller outweigh the buyer agent's fiduciary responsibility towards the Buyer? Answer: Never! They are both … (44 comments)
I recently listed a nice townhome in a decent neighborhood for a great price. Sure enough. It got lots of showings and, lo and behold, an offer!! Or was it?
I have gotten more than a couple of offers lately that are becoming annoying to say the least. 
Since this is the busy season I am looking for a way to blog, and save time. I am going to try something new (for me). I am going to put my blog comments that are out of the rain, into a post here. 
I just read an article about low ball offers and how to deal with them. I've often said, don't get upset by lowball offers, it's not a personal attack on you or the seller, it's just what the buyer feels they can pay. Read the article and see what YOU think! … (0 comments)
KNOW THE DIFFERENCE!
It never ceases to amaze me. Recently I listed a townhouse that was simply put, a Realtor's dream. The Sellers had made wonderful improvements, and the detail and care of the work they had done was clearly evident throughout the unit. When I took the listing, I had gone over all … (4 comments)
A non responsive agent to questions regarding the status of a contract offer gives our profession a bad name. I recently submitted a contract offer that had to go to the government for approval. The agent was very responsive to my first phone call and provided all the documents I needed. A contract … (7 comments)
As of today, in our local MLS. there are 12,041 active listings of which 2636 are REO (bank-owned) or 22%, and 2852 are short sales or 24%.
Found a REO / Bank Owned property that you want to make an offer on but not sure how to make the offer? 
This is a new website where you can put in the url, and then your email address and they will track the price, and alert you to when the price drops and where to buy it.
How To Sell Your Home.Once you decide to sell your home, you want the process to go as quickly and smoothly as possible. Earning top money would be nice, too. So besides hanging a "For Sale" sign out front, what can you do to improve your chances of getting the sale … (0 comments)
PRICE SELL A HOME! 
We have seen a slight ( and I mean slight!) surge in our buyers. Some properties are moving at a little bit better pace than we saw last fall. But overall, we have not seen the offers or contracts we had hoped for our sellers. It's still pretty stiff out there! … (0 comments)
During an up market everyone is rushing into the real estate market and during a down market everyone is running scared. But if we remember markets go up and down. And generally in 10 years people that bought during a down market frequently are happier with the appreciation on their … (0 comments)
Two of the agents in my office are feeling energized today! Clients they have been working with for an extended time and have put in numerous offers in on properties that did not work out are hopefully both getting something worked out and accepted. One is definitely accepted and the other … (2 comments)
I'm wondering how come so many agents are willig to let the listing agent present their offer to a homeowner! 
I understand this is business. I understand that as a Buyer Agent, I am the natural adversary of the listing agent. We are both bound to represent our clients to the highest possible standard. That being said, is it too much to ask that we use common courtesy when dealing with … (9 comments)
That was the headline of the lead article of the real estate section of Sunday's New York Times; Lowball Offers on the Rise 
So your agent calls and says that he/she has received an offer to purchase your home. What are your options? More importantly, what is your best option? First, your agent is required by law to prepare what is typically called a net proceeds estimate, or seller net sheet, that shows you … (0 comments)
I do. Whenever a client says those magic words, my heart does skip a beat but its not in the type of anticipation that one might expect. I get nervous because it is my clients relying on me to place a value on this property so that they're not overpaying and … (7 comments)
Your listing has been on the market for about sixty days, the homeowner is anxious to sell, they price the home a little belows the most recent comp in the area, the phone rings and an agent speak those words that all agents are happy to hear, I have an offer … (10 comments)
As a marketer I am always in awe of a great offer. An offer can dramatically improve the results of your marketing effort. The best part of including an incentive of some sort is that you will get responses from people who don't even want (or remember) to take you up … (1 comments)
There is absolutely no doubt in my mind that one of the most difficult scenario's we face as Realtors, looking out for the best interest of our Clients, is dealing with an offer that materializes within the first 48 hours of the property going on the market. If we have done a … (2 comments)
The Anatomy of a Sale
I have a particular client in a particular price range where there's a high level of competition. These are bank owned properties under 300k. We have submitted several very good offers. None have been accepted- YET. 
Many people have never heard of or know anything about what a slack-wire is. My Grandfather would have scoffed at tight rope walking. Have you ever been up close to the halyards tensioning an artists tightrope. It's as stiff as your concrete floor. Granted it is only an inch in diameter but it … (0 comments)
It's the end of February and the phones are ringing on Cape Cod. The promise of a Beach Home for the summer has the Buyers making the calls... In the last week I have had 3 offers on properties that have been lingering... and although the offers have not all gone to … (3 comments)
I ran into an old friend yesterday. He's a mortgage originator and a financial consultant. He also, apparently, listens to the Suze Orman show. He told me that Suze told him that buyers should be offering what they would on a property if this was the year 2000 (houses were much … (3 comments)
Do you ever get frustrated that people are not listening to you? Sort of like Chris Tucker in "Rush Hour" when he yells at Jackie Chan, " Are you listening to the words coming out of my mouth?"
This is a seriously truthful post, meaning I want truthful answers. It is ficticious in that this is just a fictious scenario. Customer's are out there, they aren't buying expensive properties, they are finding low end nice properties and they are "low balling" those prices.
I just read Lenn Hardly's blog: WHAT ARE THE BUZZ WORDS? TRANSPARENCY? CONSUMER'S RIGHT TO KNOW? NONSENSE! 
I have just finished reading an article in the Daily News regarding Home Sale in the San Fernando Valley, home sales tumbled to their lowest level since 1985, sales of single-family homes in the San Fernando Valley have dropped by 35 percent compared to the previous year, as fewer buyers qualified for … (0 comments)
Did someone start a new way of doing business? Today I was presented with an offer that had no signature, no buyers name, just the 4 capital letters and the agents signature + the words "presented by instruction".
From the Today Show this morning:Biggest Mistakes Sellers Make during this market:1. Making small price reductions again and again. It's like chasing the tide and you never catch up to the market value. It's better to cut the price another 10%, and you may end up with people bidding on your … (2 comments)
Originally posted on the Big Bear REO Blog. 
I just had a first, I had negotiated a offer with a buyer through his agent, got all the buyer docs signed and submitted it to the seller for signature. We received confirmation that the offer was accepted through the on-line system and just were waiting for the signed docs to … (5 comments)
Historically, pre buyer brokerage, agents all worked for the seller. If they had the buyer they were working as sub-agent's of the seller and the seller's agent. In this scenario if an agent was a sub-agent they would be able to call the listing agent and ask for informaiton, such as … (3 comments)
After home buyers preview enough homes to make their heads spin and finally select the home they want to buy, invariably the very next question they ask their REALTOR® is about how much they should offer. Buyers are smart enough to figure out they should offer list price in seller’s markets, … (21 comments)
I've had a couple of my agents use this with some succcess during the Holiday Market, so I thought I'd pass it along -When was the last time you came across a really novel idea that motivated a buyer, who is represented by another agent, to make an offer on your listing? … (3 comments)
Do you ever get contracts e-mailed or faxed to you that have only some of the pages? even by other agents? Contracts that refer to addendums that aren't attachedContracts with only filled in pages, not the "boiler plate" pages?Counteroffers with only the pages that have changes initialled?Maybe it's me and I'm … (9 comments)
I don't know about the rest of you but I have been amazed how many people want to lookat homes around the holidays! My schedule this week is full except for Thanksgiving Day!As we approach the end of the year I think we will be totally astonished how many people will … (5 comments)
Today, we are going to pick up where we last left off . If you haven't had a chance to read the Introduction to my new Blogeries: The Godfather teaches you how to make an offer the seller can't refuse, then you might want to check it out (That wasn't a suggestion!). Writing … (24 comments)
I like to provide personal service to my sellers. It is important to have a good relationship with them. After all, you will be spending plenty of time in their home and talking to them on the phone about their pricing, open houses and offers that are presented.I have seen more … (7 comments)
In SAN DIEGO, the best and fasted way to get a response to see what the seller's motivation is to just "Write the Offer". I'm constantly bombarded with questions from buyers asking, "What do you think they will take?", "How low will they go?" or "Do you think the market has … (1 comments)
For many real estate agents it seems that their concept of "lead generation" is something akin to playing lotto. Place the right ad, in the right space, at just the right time, and you win the transaction. No wonder so many of them go broke playing this game.
Listing Agents......There are some pre-offer things you can do to prepare the sellers for an offer off of the list price...(and I have to admit, I am a lot of times too busy doing other stuff to do this) But...Put your seller on the drip campaigns for similar properties...When they see … (9 comments)
Come and check out all of the after school programs the City offers to local youth on Thurdsay evening from 5 - 8pm on the lawn at City Hall. This FREE informational fair will provide you with info on various programs and you can meet with the program professionals and ask questions. … (0 comments)
Have you ever walked in to a house where in the basement the light switch ishalf way across the room and you have no idea where it is? Even during theday, they can be pitch black, especially during the winters here in Oregon.
When people make comments to me about the current market conditions, I smile and tell them that I nevermind the little things ;-) I'm always thinking positive and trying my best not to let anyone or anything define my success in whatever it is that I choose to do. I always … (7 comments)
In working with buyers, there is often times a hesitation when it comes to price. We hear things like, "I like it, but I'm not sure about the price." My response is always the same, "Well, what would you like to offer?" This is the part that can become uncomfortable for … (7 comments)
I started using MYFAX about 2 years ago and it has really saved me lots of money on paper and toner, especially that toner. Yeah I want to do my part on saving the earth but my reasons for using this EFAX or MYFAX are truly selfish. It's fast and convenient.
Sept. 12, 2007This is an excellent time to buy! There are two builders running competing specials right now in the North Gwinnett side of town. Northstar is giving buyer $15,000 to spend however they like on a home of their choice in ANY of their neighborhoods. Northstar is building in Lawrenceville, … (0 comments)
Good question. The answer is very simple. Your home is worth what a buyer is willing to pay for it. That's it. There is NO OTHER formula. Appraisers can give you an IDEA of what it might be worth, but just ask your appraiser to buy it for what they appraise … (1 comments)
With recent market woes, watching Bravo's hit show "Flipping out" has me rolling on the floor with laughter. So the main guy and his partner in this episode are selling a 2.6 million dollar home in Southern California. They get a cash offer (FULL PRICE OFFER), and the take it of … (4 comments)
Remember the days when deals went smoothly? The buyers would make an offer in the neighborhood of the asking price (sometimes even higher); the sellers would accept an offer and possibly have back-up offers just in case any problems arose. It seems that those days have come to a crashing halt … (12 comments)
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I listed a property last week, and we just got done presenting offers tonight. It was fantastic!We sat down and the first agent came in to present. She's a dear friend of mine, and also from the company across the road (major competitior!). She began to present, and my client just … (11 comments)
There has been some talk (complaining?) among agents and sellers about those goofy buyers who want to make "low ball" offers on properties. Imagine; with more inventory than has been on the market for years and fewer buyers than were available just a short time ago, that buyers would not want … (2 comments)
I realize WE ARE IN A BUYERS MARKET! How can you not. But let's get a bit more serious with our offers here people! 
Santa Clara County is seeing some of our highest housing inventory numbers in 2007. More homes on the market means greater competition for home seller's and more opportunities for home buyers. Now is a great time to buy. If you are considering the purchase of a new home, you should seriously … (3 comments)
There IS nothing nicer then getting a call or email from anyone you are working with to thank you and let you know that what you did helped them. It's even nicer when it's from an Activerain Realtorwho had found me and contacted me about Feng Shui. I am not going … (9 comments)
Is this you? Your house has been on the market for three and one half weeks. You've been a good member of the Clean Counter Club but it's getting harder and harder to do everyday. Days interrupted. Dinners interrupted. Saturday open houses. Sunday open houses. Keep the house picked up. Keep … (0 comments)
WE BUY HOUSES - "AS-IS" Condition, Estates, Ugly Homes, Baltimore City, County, Harford County
When reading an offer, keep in mind that you are out to get the best price AND the best terms for you. If you focus solely on the price, you may overlook terms that could be favorable to you as a buyer. Some terms that may work in your favor: *higher-than-market-interest … (0 comments)
Recently I was talking with a few of my co-workers about making offers on properties. One of them, RB, spoke up and said that he made an offer on a property for his buyer client. The offer was considerably less than asking price.The property is a nice home listed at over … (19 comments)
