An Unrepresented Buyer Has Little Chance of Success In This Market

Reblogger Cheryl Ritchie
Real Estate Agent with RE/MAX Leading Edge www.GoldenResults.com 71785

This is a good point. There are lots of intangibles during the multiple contract selection process. Size of check, reputation of lender, wording of preapproval letter, settlement date, number and scope of inspections and so on. Even the reputation of the agent is a decision in all the selection variables.

Original content by Larry Brewer - Benchmark Realty llc License# 00285925

I was just reading the post by Margaret Rome about the multiple offers on her listing, and it reminded me that the best chance of winning a bidding war is to have a buyers agent with a good reputation who knows the market. An unrepresented buyer is usually the first bid I would throw out in a multiple offer situation.

Maybe I'm a little different, but a buyers agent with of history of getting his or her clients to the closing table really means something to me. In turn it will mean something to my sellers when I go through each offer that's presented. I usually tell me sellers that I want to work with the one who is most likely to close on time, because we will negotiate the price we want, after we decide who we want to work with.

We all know that unrepresented buyers think they can get a better deal, but in this market they get to watch from the sidelines.

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Rainmaker
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Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

It is important for buyers to be represented.  As the market changes, it is even more important than ever in order to put together an offer that will be accepted.

Aug 01, 2014 01:57 PM #1
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for reblogging the post. I missed the original one.

Aug 01, 2014 08:15 PM #2
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Cheryl, grat post to re-blog and in Denver's market, same thing holds true!

Aug 04, 2014 03:17 AM #3
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Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Cheryl  Oh so true - they are in water over their head and need a lifeguard in a hurry

Aug 05, 2014 08:06 AM #4
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Cheryl Ritchie

Southern Maryland 301-980-7566
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