Yesterday I wrote about homes in Aurora between $200,000 and $250,000. I happen to have two sets of buyers in that range right now. The one couple we wrote a contract on the other day, we were the first to submit a offer and it was a great offer, $15,000 over list price, $4000 over appraisal up to our offer (Do not thing it will hit value).
Well the agent ended up with 21 offers. She called be at 1 yesterday and liked the letter my clients wrote, the fact I put in the contract about going $4000 over appraisal if it did not appraise up to our offer. But we where in the top 4 but she needed more.
We were at the very top for my people, but she wanted verbally more $ and she said others waiving the inspection and appraisal. I am not a fan of either, number one my people could bring more cash to the table of the $4000 but no more and the lender would have to have a appraisal (I think I am right), I would never recommend that they waive a inspection. I feel sorry for my clients and this is a referral from one of the families that I have sold 5 houses to in 9 years, so I did what is against my better judgment, I said I would lower my commission by $1500, that would go to the seller bottom line.
Guess what, we came in second she said, the higher price and waving inspection and appraisal work.
I feel sorry for my clients in this market!
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