In a competitive real estate market where multiple offers are common on the best houses, a buyer has to do what a buyer has to do to win a house.
Sometimes that means bumping off another buyer!!
Hey, you do what you gotta do, you know???
Now before you think the worst, there wasn't anything violent going on here.
The home in Mason's Squire's Gate was listed as "Active" in Cincinnati MLS when we went to visit. It was one of several we saw that afternoon, and when we finished discussing the homes and the pros and cons of each one, it was the home in Squire's Gate that was the winner.
A four bedroom 2.5 bath 2 story home with an open floor plan and plenty of updates, there was a lot to like about this home. Add in the nice deck and the greenspace behind the home and there was even more to like. Now consider that most of the homes in the community cost more, so there was good value support for the home. And as if that wasn't enough, Cottell Park is literally around the corner.
So an offer was written and sent over. I didn't have a lot of details from the listing agent regarding the seller's needs, but we did have a preferred occupancy date, so that was used in the offer to increase the appeal. We kept the offer uncomplicated and sent it over.
And then the wrinkle. The home was under contract BUT the other buyers had a contingency with a 24 hour notice clause. We got a verbal counter from the sellers that we could work with, so we updated our offer and that forced the other buyers' hand. They had 24 hours to drop their contingency or our offer would terminate theirs. So we had to wait, but mid-afternoon the next day the listing agent let us know that our offer was being accepted and the other offer was terminated. We'd bumped off the other buyers.
The loan officer is doing his thing. Title services have been ordered and the home inspection has been scheduled for Monday. We're moving quickly to meet a short closing date and looking forward to a smooth process to the closing table.
Ready to talk Cincinnati area real estate? Just give us a call at 513-520-5305 or email Liz@LizSpear.com.
We look forward to hearing from you!
Bill & Liz aka BLiz