But I Want A Fence Included in my Home Offer Price

By
Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate

But I Want A Fence Included in my Home Offer Price

Out of a buyer's mouth come the words one fears in a competitive home bid offer situation.  True it may be a buyers market in most of
 RI real estate area but that does depend on the home's price point and condition.  My last 3 homes sold have all ended up being bid up over askingFence in RI coastal real estate price due to condition, price point and location.   But I want a fence included in my offer price on this house, said the buyer!  Well honestly it may kill your offer from even being looked at here.

What makes the home offer price important in a competitive bid situation?  Well you have too many competitor buyers bidding against you.  All wanting the same property.  So making your offer price for your dream home the best you can is the ultimate goal.  Do you want the house or do you want that fence that is not now in the yard but could be?

When in a competitive bid offer situation limit your demands of the seller.  That is the most important take away for home buyers.  If this home is all you want at the right price, condition and location make it happen.  DO NOT add on all sorts of contingencies to the offer (add heat to garage, include refrigerator with ice maker in offer, add deck off back door, etc.).  Remember you are dealing with competing bids and you want yours to shine through.  

Yes, put that fence aside for now unless in your mind it is a deal killer.  Get a vendor estimate on how much the fence will cost you and start planning on saving for it.  Is it the house or the fence you want?  It all comes down to that point.  Listen to your real estate agent and let them guide you well in all competitive bid situations...But I Want A Fence Included in my Home Offer Price.

~~~~~~~~~~~~~~~~~~~~~~~

Ginny Lacey Gorman is a waterfront Rhode Island Real Estate Agent who works and knows the RI geographic area of homes for sale, schools, happenings and important tidbits of information well.  Negotiating home offers is one of my real estate strengths.

 
Coastal, water view, ocean front, luxury and waterfront Rhode Island real estate are my specialty.  If you are  considering Buying, Selling or Relocating to Rhode Island and need a real estate Professional it would be my pleasure to help you!    When you are in need of an internet savvy RI realtor® who sells homes in this real estate marketcall Ginny today at 401.529.7849.

 

Posted by

This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!

            

Facebook   Flckr  LinkedIn RSS Feed to My Blog

You Tube button    Twitter Follow Ginny Lacey Gorman on Pinterest

 

cell: 401.529.7849      Ginny Lacey Gorman, Realtor

www.RIHouseHunt.com

 

                                      

Comments (43)

Erick Blackwelder
Cell: 703-677-1120 - Woodbridge, VA
Text or call Erick now at 703-677-1120.

Just when I think I've heard them all, here comes a new stupid idea.

Mar 27, 2013 02:00 AM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

If you want to buy a home today you need to make your offer clear and avoid complications.  Great post.

Mar 27, 2013 02:39 AM
Matt Keough, New Castle County, DE
Patterson-Schwartz Real Estate - Wilmington, DE
Matt Keough Agent New Castle County Delaware

Thanks for a great post.  Maybe they just wanted a fenced piece of raw land??  They were not interested in a house, in guess????

 

Buyers can really come up with some whacked out requests.  You have to just listen and provide logical, professional feedback.

Hey for the right price, I would put up a fence....

Mar 27, 2013 02:57 AM
Judy Orr
HomeSmart Realty Group - Orland Park, IL
SW & Near West Chicago suburbs

We are really only in a seller's market at the lower price points in my area.  Buyers are surprised when I tell them that they might need to offer more than list price if they really want the property.  Once they get over the shock after explaining that it's the price range that is causing the multiple offers, they realize they cannot offer too low, if anything less than list price, and I always ask them how would you feel if you lose the offer over a couple thousand dollars (or whatever)?

In 30 years in the biz I've never had a buyer request a fence!  How does that work?  Do they stipulate the kind of fence or is it an estimate put into escrow?

Mar 27, 2013 04:36 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Ginny - We once sold a singlewide mobile home on rural acreage that had a barb wire fence. It turned out that the tenants had constructed that fence, so they took the wire with them - and the buyer threw a screaming fit.

Just to keep the peace, the other agent and I paid to replace the wire.

That was years ago and when I drive by I'm reminded of what fools we were. That jerk never did replace the fence - I don't think he ever intended to. He just wanted to squeeze a few dollars from the agents. (This is a small town, so I know this guy - and never did like him!)

Mar 27, 2013 05:25 AM
Bill & Cyndi Daves
Hiawassee, Young Harris, Blairsville, Hayesville, Murphy and Beyond! - Hiawassee, GA
TeamDAVES - Your REALTORS In the GA/NC Mountains!

Ginny -  I am always amused at what buyers think is ok to ask for when making an offer.  Build you a deck?  Sure, why not!  Put up a fence for you?  Sure, why not!  Seriously, where do they get the idea a seller should have to fix it up for you.  When it's yours, YOU fix it up!!!

Bill and Cyndi

Mar 27, 2013 05:56 AM
Lehel Szucs
All Seasons Real Estate, Inc. - Covina, CA
REALTOR of choice

I'd hate to see the buyer lose the house due to a fence ... but some buyer's are sill and stubborn that way .... not to mention any still think it is a buyer's market ... it is now full price and over offers with no closing costs and no anything else .... clean offers win ... others are not serious

Mar 27, 2013 06:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Most home buyers never have experienced a competitive market with multiple offers. Most don't negotiate for something this big more than a few times in their lives. No wonder, they don't get it on how to strategize an offer in this kind of market. We just need to keep educating them. I try to start when we begin looking at houses discussing negotiation strategies under various circumstances figuring something will get into their heads by the time we write an offer. Sometimes it actually works!

Mar 27, 2013 07:44 AM
EMILIA B COOPER, REALTOR® SFR.NCHSE.AHWD
LAROSA REALTY - Orlando, FL
Short Sales, Foreclosure & Bank Owned Real Estate

Ginny, Well said ~ "Buyers" Remember you are dealing with competing bids and you want yours to shine through. ~ I agree with you...Great blog post! Thank You for sharing!

Mar 27, 2013 10:21 AM
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Very well said Ginny. This is very good information for all buyers out there. You really are a top notch North Kingstown short sale agent. Keep it up!

Mar 27, 2013 10:51 AM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

I don't see any reason why buyers demands for such. They're not in the position to demand things especially if they are in a bidding situation.

Mar 27, 2013 11:36 AM
Melissa Muse Wiggans
Real Estate Muses - San Antonio, TX
CRS, GRI, ABR - Real Estate Muses

Great post Ginny. Buyers out there will surely learn a thing or two from this. Stay the best!

Mar 27, 2013 11:39 AM
Waynette Hoover Araj
Keller Williams Realty - Asheboro, NC
Connecting your Dreams with the Right Real Estate

Thanks for sharing this Ginny. This is very informative and buyers out there will benefit from your post.

Mar 27, 2013 11:43 AM
Brian Rugg
Rugg Realty LLC Sun City Texas 512-818-6700 - Georgetown, TX
Sun City TX Real Estate - Georgetown, TX Real Est

Hello Ginny:  Your advice is sound.  Put the best offer you can on the table and expect to win. The more complex an offer becomes, the more likely it is misunderstood and rejected.

Mar 27, 2013 12:59 PM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Dallas buyers, in most cases, are bidding over the list price and asking for nothing, just so they can have a chance at purchasing a house. Good advice.

Mar 27, 2013 03:06 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Thanks all for all the comments and feelings about this process....buyers do learn from it!

Mar 27, 2013 08:13 PM
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Ginny, your first point applies regardless of whether it is a fence or any inprovements; it depends on your offer relative to the vale and price of the home.

Mar 27, 2013 08:13 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, this would kill a deal here!    If you want a fence, know the cost and go forward with the home you desire.

Mar 28, 2013 10:45 PM
Travis "the SOLD man" Parker; Broker/Owner
Travis Realty - Enterprise, AL
email: Travis@theSOLDman.me / cell: 334-494-7846

I will try for a fence with new construction and if other nearby homes have them. I figure that with the Builder getting a little break on price, it should be a throw-in with a good offer, or a cheap add-on. Don't mess with them on "used" homes.

Mar 29, 2013 01:05 PM
Deleted Account
Fort Myers, FL

If you have other offers, why would you even think of accepting an offer where you have to install a fence.  What if the buyer doesn't like the fence after it is installed, then what.  If I were the buyer's agent, I would suggest that the buyer get an estimate for a fence and make an offer without the fence, so you are on a level playing field with the rest of the offers.

Apr 01, 2013 11:04 AM