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At What Point in the Home Selling Process Do Buyers Stop Coming Through My Home?

By
Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

At What Point in the Home Selling Process Do Buyers Stop Coming Through My Home?

So you listed your Northern Virginia home for sale, got an offer, signed it and are wondering if this is when Buyers will stop coming through.  I understand the desire of every Seller in Northern Virginia to have some peace and quiet and not have to keep their home in super clean and tidy condition.  It would be nice to not have to make the beds or empty out the kitchen sink before leaving for work, right?

Sometimes, making a counter offer can FEEL like you're done.  You've made a couple simple changes to the offer and there's no doubt the Buyers will accept them.  So why are there still Buyers' Agents with their clients knocking on your door?

Your home will officially be under contract when all terms have been agreed to in writing, and each party in the transaction has a copy of the now ratified contract.  This is when your Listing Agent will change the status from ACTIVE to CONTINGENT or CONTRACT in the Multiple Listing Service (MLS.)

So this is when you can breathe a sigh of relief and go about your routine, right?  Wrong!

A lot of Buyers' Agents will have pre-printed the MLS printout of your home's listing for a future show date.  If they knock on your door, or call to schedule an appointment, if you are my Seller, you'll let them in.  Why?  Because you never know when you may need a back-up offer.

Once the property has been CONTRACT or CONTINGENT in the MLS for a number of days, the showing activity will usually stop all together.  However, if a Buyers' Agent has clients that really want to see your property, and you're my Sellers, let them in.  My philosophy about back-up offers will become your new mantra.

You won't be expected to have your home in immaculate, show ready condition after you are under contract, but keeping it tidy is always a good plan.  The Buyers who you are in a contract with will likely want to schedule inspections, there will be an appraiser coming by and so forth. 

Comments (12)

Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

Sometimes it seems like it never ends, doesn't it? Keep showing until closing.

Feb 23, 2011 12:06 PM
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Chris Ann, people forget that they need to keep their house in shape not only for potential back up buyers, but for the appraiser as well.

Feb 23, 2011 02:06 PM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Chris Ann - What a great question and answer!  Regardless if it's my buyer or seller I constantly remind them until we have an executed contract we don't have anything.

Feb 23, 2011 03:08 PM
Steve Shatsky
Dallas, TX

Hi Chris Ann... Excellent guidance and advice!  These days, a back-up offer is more important than ever!

Feb 23, 2011 03:09 PM
Judy Klem
Transition Stage LLC - Shelton, CT
Home Staging, Senior Move Management, Fairfield/New Haven counties

Hi Chris Ann - Really good reminders of the timing of the tidiness required! I hit Suggest.

Feb 23, 2011 03:20 PM
Steve Scheer
Realty Oasis - Metro Brokers - Highlands Ranch, CO
Highlands Ranch Real Estate - Denver Real Estate

The need for back up offers is sometimes hard to understand for sellers, especially if they haven't been through this before, or have only been through this is a totally different type of market, but can be very important.  Great info. 

Feb 24, 2011 02:15 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

The shocking thing to me on the buyers side Chris Ann in strong buyers markets is how slow buyers are to counter a counter, almost like they are insulted you are doing ANY kind of negotiation with them. I guess that is the nature of that kind of take it or leave it offer so many seem to present nowadays.

Feb 24, 2011 03:42 AM
Diane McDermott
Realtor®, GRI, Landis e2 Real Estate, LLC - Charlotte, NC
Charlotte NC Real Estate Market

Chris Ann, indeed you never know when you may need a backup offer! Great advice for sellers - keep allowing showings!  You can get breathe a sigh of relief and get comfy after you've closed and moved on :)

Feb 24, 2011 04:50 AM
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Hi Chris Ann~ A common question and I can certainly understand why, folks just want life to get back to normal!  In the current market you need to always be prepared, anything can happen until the last "I" is dotted and the last "T" is crossed!  :-)  (I hit the suggest button too, and featured in our NATSQT group!)

Feb 24, 2011 08:27 AM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

If you shut the doors to soon you keep away a serious buyer.  It can seem as if there is a never ending parade of lookie loos in a home but not until the contract is firm should you say NO to a showing.

Feb 24, 2011 08:36 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Eric:  Sometimes it's like that, especially if invetory is tight and buyers are plentiful.

Frank & Sharon: Keeping it in shape for the appraisal is a very good idea.

Michelle:  Very true.  An executed contract means the deal is done and the Sellers are no longer property owners.

Steve:  Especially on Short Sales.  But I'm finding that Short Sales have taught buyers bad lessons...the urge to keep looking and fear of commitment.

Judy:  Thanks for that.

Feb 24, 2011 09:59 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Steve:  The majority of my listings these days are Short Sales, and back ups are like gold in my book.

Gary:  They are slow to get back if the Sellers counter sometimes.  Although in the Northern Virginia market, Buyers who hesitate can be lost in some price ranges.

Diane:  Keeping things neat and tidy is much eaiser that having to start from scratch if you let the household chores get away from you.

Donna:  I love your group.  Thanks.  These Q & A posts are great.

Cindy:  And in my world, even then, never say no.  Better to have shown the property and not need a backup than to have denied Buyers that you may need when the first ones get cold feet.

Feb 24, 2011 10:03 AM