I Opened the Door, and She Said, "This Is It!"

By
Real Estate Broker/Owner with Charlemagne International Properties BRE# 01147470

Sometimes you know instantly.  She is in love with a new place and she is not yet disentangled from the one she used to love. No, this is not a soap opera drama but a true house hunting saga.  My buyer is one of the lucky homeowners, she still has a ton of equity in her house.  She does not, however, have a load of liquid cash so we're submitting an offer contingent upon the sale of her free and clear property.  It is an all cash deal, but all the cash is tied to the successful sale of her property.  No loan is needed, and that's a relief in this ever-changing lending market.

It will be interesting to see if the seller (and their agent) are willing to take a bit of a gamble on her achieving a speedy (and solid) sale.  Her offer is full price with a 60 day close and a 3% initial deposit. 

The prospective buyer's home has been on the market for nearly two weeks and we just reduced the price.  A few interested parties are pondering whether to submit an offer.  We hoping the price reduction will nudge them into submitting an offer.  Unfortunately, for my buyer, the seller's home is a recent listing also.  The offer is on the way.  Let the negotiation dance begin.

I much prefer to have the buyer's home in a solid escrow prior to making an offer on a  property, but sometimes the client finds "the one" they want before they have sold "the one" they're leaving behind. 

I'm hoping for a happy ending on both ends!

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.


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Rainer
232,295
Sara Woolford & Steve Golson, ALHS
iTexas Realty Co. - San Antonio, TX

Hi Norma-

It's exciting that you have "the one" for your Buyer.  I hope that you get an offer on her home quickly!

-Sara

Apr 04, 2010 10:32 AM #1
Rainmaker
1,117,677
Paula McDonald
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

Don't you just love it when clilents KNOW what they want?  Good luck with getting her home sold!

Apr 04, 2010 10:33 AM #2
Rainmaker
1,470,764
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator

This is why I don't like to show properties until there is at least an offer on the house they have to sell so they can't fall in love with a house that they probably won't be able to buy. Good luck!

Apr 04, 2010 10:33 AM #3
Rainer
84,677
Dan Benefield
Benefield Realty - Decatur, GA

Best of luck to you Norma. So many buying opportunities out there right now but everyone seems to need to sell one first.

Apr 04, 2010 10:35 AM #4
Ambassador
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Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Sara - Me too!  There is not a glut of inventory in my buyer's neighborhood so that's in her favor.  On the other hand, there are many homes for sale in her new neighborhood of choice and that improves her odds of getting the one she wants.

Apr 04, 2010 10:37 AM #5
Ambassador
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Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Paula - Yes, but I do wish her's was in escrow.

Apr 04, 2010 10:39 AM #6
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Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Donna - Since there are so many homes for sale in her new neighborhood of choice I'm hoping the sellers will give her offer serious consideration.

Apr 04, 2010 10:40 AM #7
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Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Dan - Yes, it is a challenge to try to buy first and sell later in this market, but it is not impossible.

Apr 04, 2010 10:43 AM #8
Rainer
170,313
Kim Logan
KELLER WILLIAMS LAKE OCONEE - Greensboro, GA
Kim Logan - Keller Williams Lake Oconee Realty

I wish more clients would love the homesinstead of taking weeks and months to decide then loosing the home and starting over.

Apr 04, 2010 10:48 AM #9
Rainer
170,313
Kim Logan
KELLER WILLIAMS LAKE OCONEE - Greensboro, GA
Kim Logan - Keller Williams Lake Oconee Realty

I wish more clients would love the homesinstead of taking weeks and months to decide then loosing the home and starting over.

Apr 04, 2010 10:48 AM #10
Rainer
170,313
Kim Logan
KELLER WILLIAMS LAKE OCONEE - Greensboro, GA
Kim Logan - Keller Williams Lake Oconee Realty

I wish more clients would love the homesinstead of taking weeks and months to decide then loosing the home and starting over.

Apr 04, 2010 10:49 AM #11
Rainer
170,313
Kim Logan
KELLER WILLIAMS LAKE OCONEE - Greensboro, GA
Kim Logan - Keller Williams Lake Oconee Realty

I wish more clients would love the homesinstead of taking weeks and months to decide then loosing the home and starting over.

Apr 04, 2010 10:49 AM #12
Rainer
170,313
Kim Logan
KELLER WILLIAMS LAKE OCONEE - Greensboro, GA
Kim Logan - Keller Williams Lake Oconee Realty

I wish more clients would love the homesinstead of taking weeks and months to decide then loosing the home and starting over.

Apr 04, 2010 10:49 AM #13
Ambassador
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1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Hopefully all of this will work out well for our client.  Let us know how it goes.

Apr 04, 2010 02:59 PM #14
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