Home Buyers - Should You Submit a Back Up Offer?
In many areas, homes are going under contract within days of coming on market. That means many home buyer wannabes are missing out on the home they fell in love with. What to do, what to do?
If you really like the home, write a back up offer! Few buyers think of this, and few agents suggest it.
In the past, I never thought about writing back up offers. It was easier to move on to the next house. But now, in my area at least, homes are coming back on the market after being under contract at an alarming rate. It seems that about 25 - 30 percent of homes under contract come back on market for some reason.
I have had several buyers benefit from being the second offer. In fact, I have a buyer under contract today because the first offer backed out on Thursday.
There are many reasons a home can come back on the market. Maybe something happens with the financing, or the inspection, or the appraisal. Maybe the buyer just changes his or her mind. What ever the reason, if the first contract falls through, don't you want to be the second contract in line?
If you need help writing an offer on a home in West GA or East AL, give me a call. Karen Steed, Haralson Realty, 678-521-3585.