Special offer

Don't get analysis paralysis! Great deals don't last!

By
Real Estate Agent with Fathom Realty Washington LLC

 

Are you really ready to get a great deal on a house?

Several of my clients have lost out on great deals because they haven't been ready to fulfill the terms that the listing agent is asking for.  Such as;

  • A pre approval loan letter! A simple sheet of paper from a financial institution saying that you either have the liquid funds up to a certain point or qualify for loan up to a certain amount.
  • Ample earnest money funds available! Several agents and brokers are now asking from 1 to 3% earnest money on the offer sheet...
  • The snap judgment decision-making, I often prepare my clients that a home will be coming on the market within days.  I still have clients who say they want to live a specific area and even when their forewarned, aren't ready to go see the property quickly and then make their offer.

This has been happening more and more to me.  Great deals don't last.  Clients who are ready get those great deals, they don't become back up offers.

The best advice I can give any perspective buyer is be completely ready to view and make an offer.  If you have reservations make the offer contingent on those reservations.

Don't get analysis paralysis!

 

 

This post was authored by Paul Henderson ©2012, All Rights Reserved, This content may not be reproduced or reprinted (Except for ActiveRain Re-blogging) without express written permission of Paul HendersonRE/MAX Professionals, Tacoma, WA.

ClipArt by Microsoft 

Posted by

 and courtesy of 

Paul S. Henderson, Residential Real Estate Broker 

Tacoma Washington 

Realtor ® BPOR, CRS, GRI, CDPE

Fathom Realty WA LLC

Serving

South Puget Sound in Washington State

 

 

 

 

Paul's Service Area


 

 

As a Residential Broker and Relocation Specialist, I sell homes in or around ,Tacoma, Gig Harbor, Lakewood, Steilacoom,  University Place, DuPont and Hartstene Pointe in Washington State.
Please visit my website at http://www.hartstenepointe.com to search for information 

(all information is believed to be accurate but is not guaranteed or warranted in any way)

Referrals are always welcomed and appreciated, Thank-you!

(As a member of the NWMLS, this blog post is intended to comply with NWMLS rules as pertaining to blogging.)

isspfmtysmily

iaa

 

Comments (5)

Barbara Le Pine
ADVANTAGE REAL ESTATE, serving Lincoln County - Newport, OR
Your agent for the Central Oregon Coast!

I agree, a buyer must be ready to jump in on a good buy, they think there are many others out there if they see one or two they like. Once those are gone, they are gone! Great post.

Jan 19, 2012 06:13 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

if a buyer is not completely ready, it's premature to show them homes..... it's a waste of their time and yours....

Jan 19, 2012 06:41 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Paul.. I have to agree with Barbara ...  Buyers have to be ready to move

Helpfulhannah

Jan 19, 2012 09:53 AM
Cynthia Larsen
Cotati, CA
Independent Broker In Sonoma County, CA

I'm with Barbara ... if a client isn't ready to write an offer then it doesn't make sense to show homes.

Jan 19, 2012 11:32 AM
Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

Paul - so true.. so many people wish to 'look' first.. and by the time they are REALLY ready. they snooze and lose. Get the pre-approval, listen to your agent (Paul) and place that bid!

Jan 19, 2012 11:44 AM