Houses Are Flying Off The Shelf. So Why Do I Need A Realtor?

By
Real Estate Agent with Benchmark Realty LLC, Nashville TN 615.516.5233 TN 221117, 299512

The real estate market is extremely competitive right now in the Nashville, Middle Tennessee area. 
That seems like a good problem to have, right? It seems like it would be easy to sell a home with so many buyers wanting it.

The opposite is quite true.

With multiple offers, it takes more skill, knowledge and negotiation skills to sort through the offers, and determine which offer is the best for the seller to counter.  A few things to look at first are:

1.       The most qualified buyers of the potential ones.  (Do the buyers have a house to sell? Do they have a long rental lease so that they can’t close quickly? Do they have a full pre-approval for a mortgage, with credit report pulled, and all documentation reviewed?).

2.       The most attainable loan product if getting a mortgage. (How much down payment do the buyers have? Generally, the higher down payment the buyers have, the easier it is to get a mortgage. What type mortgage is the buyer getting? The type can make a difference in ease of getting to the closing table.).

3.       The highest dollar net amount to seller. (Do you have a preliminary HUD-1 statement, or net sheet, to show the seller’s approximate net after closing? Sometimes the dollar amount of the offer is not the most net amount after closing. Other expenses, such as buyer requested seller paid closing costs, need to be calculated in).

4.       The one most likely to have a timely closing. Is the buyer’s real estate agent a full time agent so that they can work with the buyer full time to get them through the inspection, the appraisal, the loan process, and all the other details of closing and moving in? Communication and a hands-on professional will help keep the transaction on track.

When working multiple offers, it is extremely important to counter the offer which has the best chance of closing, and closing on time. We, as full time Realtors, know the questions to ask, and don’t mind digging for information.  If the contract somehow falls through (and nothing is certain in this life), then the seller has to start over with a new offer, and their move will probably be delayed and they will lose money, by still having to pay house payments, taxes, HOA fees, utilities, insurance, etc.  We don’t want that to happen!

Sarah and John Rummage are hands-on Realtors, working full time. You will be getting ‘two for the price of one’ when you hire us to buy or sell property!  With over 30 years of combined experience, we have the skills and experience to help you get the most money for your property in the shortest amount of time. We would love to talk to you, or hear from you by email! Direct: 615-516-5233. 

Posted by

*********************
Sarah & John Rummage, Realtors®
ePRO, BPOR
Sarah Direct: 615-516-5233
John Direct:  615-945-1838
Sarah@HouseInNashville.com


2500 - 21st Avenue South
Nashville TN 37212
Office: 615.432.2919

www.HouseInNashville.com 




 Email me to receive a current list of any type property in the Middle Tennessee area. Write a short message about what type property you are looking for (for instance, 'condo downtown,' 'single family home in Belle Meade,' etc). 

Sarah is your Nashville, Middle Tennessee, USA, realty specialist. She specializes in executive homes. Also, seniors' downsizing, foreclosures, bank REO & Fannie Mae properties, investor buying and selling.  

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Tags:
multiple offers
qualified buyer
full time realtor
closing on time
nashville tn market
timely closing
buyer loan preapproval

Spam prevention
Show All Comments
Rainmaker
3,485,125
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sarah, great post, and we are seeing the same scenario, sellers think it is so easy to secure an offer, but they have no idea they need us even more with defining which one is better and to get it to the closing table! 

Apr 22, 2015 11:18 PM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
236,482

Sarah, John Rummage

Love Being Realtors® in the Nashville TN Area!
Ask me a question!
*
*
*
*
Spam prevention

Additional Information