Investor's Guide: Best Ways to Get Your Offer Rejected
Investor's, you may think that short sales are a great deal and that they take a while to close, but, it doesn't mean that the listing agent doesn't do their home work and doesn't do their due diligence to represent the seller. It's a short sale, it doesn't mean they are desperate to take any unreasonable offer. Deanna and Jim have hit the nail on the head here. Be reasonable and have your ducks in a row.
If you are thinking of buying or selling a home give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. You can save thousands by listing your home with Advance Realty Professionals Inc.. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building a lone is worth the plunge into todays market.
In keeping with saluting our heroes, during 2010 Advance Realty Professionals Inc is waving administrative fees active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve Advance Realty Professionals Inc. will waive the admin fee at settlement. This is a $395 savings. If you are thinking about buying or selling a home give me a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-761-1550.
Investor's Guide: 10 Best Ways to Get Your Offer Rejected
Copyright (c) 2011, Deanna and Jim's GOLD Team
1. Use "TBD or "To Be Determined" or "Future" in the Buyers identification. Examples:
- John Smith and Future Partner
- John Smith and TBD LLC
- John Smith and Future Contract Buyer
2. Present an offer to purchase an Option to Purchase at a price below current market value anytime in the next n months/years. Include requirement that the Seller relist their property with your agent at whatever price they want during the option period.
3. Say the offer is cash, but provide as Proof of Funds a letter from Fly-By-Night Flash Money provider that says your line of credit is good for the amount indicated.
4. Say the offer is cash, but make the offer contingent on closing an existing sale transaction.
5. Make a cash offer but protect yourself by making it contingent on appraisal.
6. Make a cash offer but ask the Seller for closing cost assistance.
7. For a short sale property specify that the Earnest Money Deposit" will only be made AFTER the seller's lienholder's have approved the short sale terms.
8. Use an agent whose license is non-existent, expired, or has disciplinary actions against it
9. Fail to disclose your relation to the agent, your lender, or the title company you propose to use
10. Fail to disclose that you are an agent licensed in any jurisdiction
(Deanna and Jim's GOLD Team has handled over 500 northern Virginia residential real estate transactions in the last 10 years. We have MBA, MSE, MA, CDPE and Associate Broker credentials.)
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