Make Your Offer HEFTY HEFTY HEFTY, NOT Wimpy Wimpy Wimpy!

Reblogger Nick Vandekar, 610-203-4543
Real Estate Agent with Long & Foster Real Estate Inc 610-225-7400 PA License - AB067198

This is an excellent post by Candice A. Donofrio from AZ about making offers that are attractive to a seller. Everything in this post is so true that I had to repost it for any Tredyffrin Easttown or Main Line buyers who are not being successful with their purchase offers.

If a house is not selling it is often said it is the price, lower the price and it will sell. Likewise, if your offers are not being accepted, it may be the price, but it also may be the terms you are inserting into the contract. Think like a seller, what is goingto be attractive to them? And, please, just because the mortgage lender told you you can get a 6% assist think that sellers in the hot Main Line and local area markets are going to be falling over themselves to give it to you if they do not have to.

Need help

Nick Vandekar, lives and works in and around Tredyffrin Easttown School Diustrict and the Main Line, for help buying on or around the Main Line contact Nick Vandekar, Selling the Main Line with Long & Foster Real Estate Inc., office 610-225-7400, cell or text 610-203-4543, email Nick@VandekarTEam.com, website www.SellingTheMainLine.com.

Original content by Candice A. Donofrio AZ BR 528507000

I was in the grocery store yesterday and heard the checker talking to a stocker:

 

"Hey Joe, did you get your house yet?"

 

"Just lost the third bid!"

 

 

Hah! You couldn't PAY ME ENOUGH to get in on THAT conversation, but I knew exactly what was going on.

I don't do much residential, but our market here is flowing just like the Mighty Colorado that runs through it . . .

 

I thought to myself, "His agent is letting him make stupid offers! He'll NEVER get a house till he gets REAL!" LOLZ

 

Why would I think this, being a Mohave County AZ commercial real estate broker?

 

Because after selling hundreds of residential units in my earlier years, and handling a few residential units annually for valued clients, I know exactly what it looks like.

 

Agents do their buyer-clients NO FAVORS making wimpy wimpy wimpy offers! 

 

And it's not ALWAYS about 'sticker price'.

 

Wimpy wimpy wimpy:

 

Low deposit, low return. Too-small earnest deposit is a terrible idea! You might as well say 'I can't scrape up enough skin to even BE in this game!' In almost all instances, the deposit is 'soft' until contingencies are cleared. So what's the problem? Make your deposit 'on the high side of customary for your area' . . . there's a reason it's called 'earnest money' - to demonstrate you're for real.

 

Dirty laundry. Contingency contracts may or may not be doable in your area, but too many 'subject tos' will decrease the buyer's desirability. 

 

Moon and stars. If needing help with CCs, why further bend over the seller with a lowball if the house is priced right to begin with?

 

 

HEFTY HEFTY HEFTY:

 

Give to get. Think like a seller. What can you concede on that won't kill you, but might make the seller perk up? Shortened due diligence period or escrow? Buy your own home warranty? 

 

Quality qualifying. A reputable lender in the local area can help you make inroads. MAKE SURE the lender is willing to engage with the listing broker. A lender who is unreachable or not forthcoming with basic information is a confidence-buster. They should be able to answer the question, "Is there any reason the borrower would have any problem closing this deal?" with a resounding "NO". They should also be able to state that proper and current application documentation is in. 

 

Prove it. If paying cash, a funds letter from your bank stating that you have available funds to make this purchase will be necessary. Don't make us guess whether you have the dough!

 

Spic and span. A clear contract in plain language with no contradictions or ambiguities will reduce the need for analgesics and help your cause.

 

So . . . make your offer too sexy for Milan, New York and Japan! 

 

 

And too HEFTY for a 'no'!

 

Google Me!

 

Deal Estate.

Bullhead City 86442, Fort Mohave 86426, Mohave Valley 86440

SEARCH FOR ARIZONA COMMERCIAL REAL ESTATE
On The Beautiful Colorado River ~~~

www.RealEstateBHC.com

www.CommercialBHC.com

http://facebook.com/NextWaveREI

866-228-2643

Candice A. Donofrio, Owner/Designated Broker

Certified Commercial Sales Specialist

 

ALL WORDS AND IMAGES ARE INTELLECTUAL PROPERTY OF CANDICE A DONOFRIO AND NEXT WAVE REAL ESTATE INVESTMENTS AND MAY NOT BE USED WITHOUT PERMISSION. C.2010-2020

Don't even think about it.

 

 

 

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Topic:
Real Estate Best Practices
Location:
Pennsylvania Chester County Devon The Main Line
Groups:
Chester County, PA
Delaware County, PA
Montgomery County, PA
Posts to Localism
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Tags:
main line realtor
selling the main line
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tredyffrin easttown realtor
tredyffrin easttown homes for sale

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Rainmaker
769,135
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Hopefully Joe's agent will get real and help him get a house! LOL

Nov 21, 2019 09:54 AM #1
Rainmaker
3,746,156
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Nick. I read Candice's post this morning and thought it was great too.

Nov 21, 2019 09:59 AM #2
Rainmaker
1,300,723
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nick Vandekar, 610-203-4543 - This is so true. I had an agent out of NY make a bid on my home and the first thing he said was that he lost out on 3 other offers. I knew where this offer was going to come in! Sure enough, he was 80K  off the high bid. Now he can say he lost out on 4 homes!

Nov 21, 2019 01:10 PM #3
Rainmaker
3,041,276
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nick.

Candice is right on target, pity his agent doesn't educate him 

Nov 22, 2019 01:38 AM #4
Rainmaker
2,709,875
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

A great choice for a reblog, Candice A. Donofrio definitely knows what she is doing and I always enjoy her posts!

Nov 22, 2019 07:22 AM #5
Rainmaker
825,492
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Candice A. Donofrio if he doesn't and actually goes on line he might just find someone else who can help him get the house he wants.

Sheila Anderson it was and I like her style too.

Sheri Sperry - MCNE® makes you want to shake your head.

If he doesn't soon I guess he is going to lose him pretty soon James Dray 

Brian England she does know what she is doing and often her posts make me smile and decide I need to be more out there like her. I wanna be Candice may very well become a #.

Nov 22, 2019 08:13 AM #6
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Rainmaker
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Nick Vandekar, 610-203-4543

Tredyffrin Easttown Realtor, Philly Main Line
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