This is a Re-Blog.  Gabriele is in Tucson AZ where they say some things different than we do in Central Ohio.  

We don't say:

"... it would be in escrow."

We say:

"it would be in contract"

Gabrielle offers some good advice on buying a home.  Not just making offers on homes. 

Inventory levels are important, Central Ohio real estate market news updates:

Worthington homes for sale - a market report

Clintonville homes for sale- a market report

Olentangy schools homes for sale - a market report

Worthington home prices - a market report

 

ActiveRain members please move along and comment elsewhere. Or comment on Gabrielle's original post.  She posted it to groups.  Any comments from ActiveRain members will most likely be deleted.  Thanks!

Via Gabrielle (Kamahele) Rhind (Tierra Antigua Realty, Tucson AZ Real Estate Agent):

... it would be in escrow.

An offer is an offer.  I don't mind low offers.  I certainly have written a couple.

But ... these days ... Sellers are more educated and price according to the market and possible financing conditions for Buyers.  So we have great home prices right now!

Having said that, there are Buyers out there who still want to "just try" or "let's see what happens" or "doesn't hurt to ask" when it comes to making offers.

The reality in the reality of the this market: there is always a chance a low offer will be accepted. But the odds are higher that you'll lose the home of your dreams if you decide to "test the market".

Here are some things to keep in mind when making an offer:

Inventory matters - negotiating power is directly correlated with the number of homes on the market - especially to how many are for sale - or not for sale - near the home you love. 

Study the prices homes actually sold for - it's what appraisers will be looking at and it could affect your financing options.

Review the listed price  - is it a really good price?  If it is - chances are - you and about five other people will be making an offer.

Trulia.com reports that on average 24.7 percent of home sellers dropped their prices within a month on the market.  Typically, when a Seller drops the price - they aren't willing to go much lower.

National studies report that on average, since July of this year, home sellers negotiated their price by about $6,500. And often, that includes Seller concessions.

If you really want the home, if you really want to make an offer - you will pass if you study ahead of time and are prepared!

Photo from Microsoft Free Clipart.

Gabrielle (Kamahele) Rhind - 2009. If you want to reprint parts of this - just email me for my permission rhindohana@msn.com or TucsonsRealEstate@gmail.com. Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.BuyMyTucsonHome.com. 

   

               

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Information is deemed to be accurate but should be verified to your satisfaction.  Information provided herein is supplied by several sources and is subject to change without notice.  Opinions expressed are solely those of Maureen McCabe.

 


 

 

2 Comments on This Is A Test - And Only A Test. If This Was A Real Offer ...

DEC
11
2009
1,360,897 Points 93 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Ooops Frank did not read my intro:

ActiveRain members please move along and comment elsewhere. Or comment on Gabrielle's original post.  She posted it to groups.  Any comments from ActiveRain members will most likely be deleted.  Thanks!

This is posted to consumers so I am not looking for comments from other members.  Your comment will be deleted.  Sorry.
10:29am • #2
DEC
12
2009
1,360,897 Points 93 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Deleted as promised!!! 
7:08am • #3


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