Congratulations to Will and Sabrina. We saw only three houses! We were ready to write an offer on the second one, but we were too late. It was under contract.
The third one, we were prepared. We viewed the property Friday evening, met with the buyers on Saturday morning to go over the entire forty pages, answer questions and sign. Presented the offer by noon and had an accepted offer by Saturday evening, yes within twenty-four hours from touring to ratification. Not magic and not luck, this process occurs only with months of planning including
-buyer approval, -a lender letter in hand, -cooperating agents, (34 comments)
So you think you know how to count? Watch those dates!
Time is of the essence is at the very top of our contract. Dates are important. Real important. The offer date, the ratified date, and the settlement date are written into our contracts. Many of the dates are counted from the date of the contract. But not all. There are so many days for financing, so many days for the loan application, so many days for loan commitment, so many days to order the appraisal, and so many days to respond if the value is not reached. Home Owner Associations and Condos have even more dates and (11 comments)
It's all agreed between buyer and seller. We only need the one final signature on an offer for a ratified contract.
The final agreement happened tonight and that signature is scheduled for for tomorrow.
Other agents have requested showings for this property tomorrow.
Of course, I am working for the seller but I do know that within the next 18 hours this property will be off the market. Do I allow other buyer agents to keep appointments tomorrow? Do I cancel them? If you were the listing agent what would you do? If you were the buyer's agent would you want to know about the "almost ratified" (9 comments)