Is it a Good Idea to call a listing agent and tell them you are submitting an offer before you have the offer? There are pros and cons that have been debated for eternity. Recently upon getting a new listing on a Manchester NH area Home, I had 10 showing appointments the first day.
Nearly 2/3 of the buyer agents all called to say their buyers were submitting offers. SO what is the Pro and what is the Con? In Real Estate for who it benefits depends on whose interest you are looking out for. The con was half of the agents who called to say they were submitting offers did not submit one. One Pro for the Buyer agent, is that agents either ask or assume the listing agent will hold all offers until their offer arrives to be submitting theirs too. The true "con" is assuming, and not asking if offers will be held to all arrive.
In some cases the Listing agent will hold the offers. In other cases, as reality as shown, they may not want to wait for an offer that may or may not come. These agents who call to say an offer is coming and then don't submit one, mess this up for the good agents who do follow through.
For the Seller's side, when a Buyer agent calls to say they are sending in an offer, a GOOD Listing agent will then call all the buyer agents who have seen the home and tell them to get an offer in if interested, as one is on the way. This can cause a bidding war and increase the sales price which is great for the seller.
It also depends if the home is owner occupied or bank owned. I am still listing and selling lots of bank owned homes. When it comes to bank owned, our policy when 2 offers come in is to let every one know up front we are in a multiple offer situation and to submit their highest and best offer up front. Often with 6 or more offers the first day on my listings, waiting for 1 more offer if all are already at or above full price, may not be what the seller wants to do. As an example, The best offer is one with no contingencies (such as $200,000) and not always the highest price (such as $201,000) loaded with contingencies. The $1000 is not worth the risk of a sale falling through for any reason.
In the end, The advantage will go to the buyer or seller who hired the GREAT agent. There are many strategies in Real Estate and you need the one that works for you. YOU deserve the BEST service when buying a home. Real Estate is not time for trial and error or short cuts. Some times the hard truth it what it takes to sell a home. LEARN THIS ONE FACT: One should know that All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest Agent or Company. It is important to Hire the BEST Agent. In NH that could be me.
All Agents are not created equal and every buyer or seller should take the time to hire the BEST, not just the biggest Real Estate Agent or Broker. How well your purchase or sale goes will depend on it.
By using a philosophy, which is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process, I can help you find your dream home .
THE TOP TIPS TO FIND A "GREAT" REAL ESTATE AGENT
1. LEARN THIS ONE FACT: One should know that All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest Agent or Company. It is important to Hire the BEST Agent. In NH that could be me.
2. CHOOSE THE RIGHT AGENT: As a Buyer OR Seller in this market you need every advantage you can to get your home sold. It starts with choosing the right agent. a. Ask for a Full time agent whose sole job is to sell homes. b. Ask for a Full service agent who will guide you through each step of the selling process. Discount brokers often equal discount services. c. Ask for a Local agent who knows your neighborhood and is readily available when you need them is a must. Out of town agents can leave you high and dry in your time of need. d. Ask for a well experienced Listing Agent can give you the advantages you need when selling your home. Not all agents are created equal. Choose only the best.
3. HOME BUYERS SHOULD START BY: Getting a FREE PRE-QUALIFICATION with a local and trusted lender. They will look at your credit and financial picture and let you know what type of mortgage you may qualify for and what your interest rate and monthly payment may be.
4. HOME SELLERS SHOULD START BY: Getting a FREE MARKET ANALYSIS. Learn what your property is worth in today's market along with how ling it may take to sell. If you are ready to sell now, learn what you should ask for it. How much offers may come in at and what the approximate selling price should be. NH Home owners should contact me now.
IN SUMMARY the key to having a successful purchase or sale can increase simply choosing a better agent. The secret is that All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. I leave you with now infamous philosophy, which is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process.
WE STRIVE TO PROVIDE THE BEST POSSIBLE SERVICE THROUGH OUT EACH STEP OF THE LISTING AND SELLING PROCESS!!!
If you are thinking of buying a Home please contact us. We offer you assistance to get a free pre-qualification for a mortgage,along with some of the BEST CUSTOMER SERVICE through each step of the Buying Process.
It does not take magic to turn your "For Sale" sign into a "Sold" sign. it takes a full time Local Agent who specializes in Listing homes like yours.
Please call for a FREE MARKET ANALYSIS to know what the value of your home is.
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We are local agents with experience who GET RESULTS!!!
We stand by you through every step in selling your home..
About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. With 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.
To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com . We are Full Time Agents ready to serve all of your Real Estate needs through each step of the Buying process.
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