How Many Offers Will You Write to Buy a Sacramento Home?

By
Real Estate Agent with RE/MAX Gold DRE #00697006

An agent asked when we will present offers on a certain listing. I present offers as they arrive and, in fact have an offer now, which I disclosed and added: but the sellers hope to make a decision today. The agent asked if he could send an offer tomorrow instead. He's certainly welcome to send an offer whenever he wants, but we hope to make a decision today, I explained. His buyer does not need to obtain a loan and will pay cash, which I realize some agents believe is a big whoopedeedo, but, seriously, who gives a rats because it's all cash in the end. Usually when I hear an offer is all cash, I'm on guard that it could be a polite way of addressing the buyer expects a discount, and that's not gonna happen in a seller's market.

Then the agent added that his client lives in the midwest and he can't get in touch with him until Monday. He stated a few of his buyer's demands, explaining that's how his buyer prefers to do business. That's well and fine for the client, but I'm afraid it might not have any bearing on our seller's market in Sacramento. Nobody really cares how some guy in the Midwest prefers to operate. Bottom line, I explained, should we, as expected, accept an offer today and yet receive his offer tomorrow, I am still legally obligated to send the offer to the seller and will do so.

For which he thanked me. He seemed all happy. What? You can read more in my personal blog today about Are You Struggling to Buy a Home in Sacramento?

Posted by

elizabeth weintraub

 

 

Weintraub and Wallace Realtors

 

 

Elizabeth Weintraub reviews

 

 

 

Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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Topic:
Home Buying
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California Sacramento County Sacramento
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Tags:
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Rainmaker
384,836
Trumps Elite
Keller Williams Realty Acadiana - Lafayette, LA
Realtors/Career Consultant

Great article. Thank you for sharing. Hope you are having a great Sunday.

Apr 26, 2015 02:19 AM #1
Ambassador
994,761
Sharon Paxson
Compass - Newport Beach, CA
Newport Beach Real Estate

Hi Elizabeth, great article and agree, and read your article on your blog as well, and having a clean and thorough offer is an extremely important step, especially in today's multiple offer situation.

Apr 26, 2015 05:39 AM #2
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3,092,697
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Well written, clean offers that don't leave the listing agent with a ton of questions is how to do it.  And within the time frames for when they are reviewing offers, or, if not specified, as quickly as possible.

Apr 26, 2015 06:15 AM #3
Rainmaker
2,941,715
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Elizabeth, well written but coming from you no one would expect anything less. 

Apr 26, 2015 08:16 PM #4
Rainmaker
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Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Unfortunately, buyer's gents sometimes think they have all day to submit an offer. They've got about 30 minutes after the open house, not tomorrow or the next day or even that night.

Apr 27, 2015 09:05 AM #5
Rainmaker
1,495,397
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Sometimes, they do ask for a discount, but I had the situation few times when cash offers suddenly turned into purchases with financing.

Apr 27, 2015 04:52 PM #6
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