Day 9 - March 12, 2007
My appointment from Saturday sent me an email this morning saying that she went to a new home community on Sunday and registered me as her agent. She wants to go down with me and check out the community and possibly write an offer. I said that would be great and I also found 3 homes in the Broadlands area of Ashburn that might also fit her criteria. We made plans to look at those 3 houses this afternoon.
1:30 - 3:00 Showing Property
I usually preview property before I take a client just to make sure we are looking at appropriate homes but I was able to ascertain from the online descriptions and pictures that the three homes would be fine. All three were the same exact floor plan and it was just a difference in lot and upgrades between the three. We went back through one property a second time and my client was ready to write an offer. Problem was she did not have a lender letter and she still has to sell her townhouse.
3:00 - 4:00 Prepare Offer
I get back to the office and call my lender. I have my client call my lender. I have an approval letter within the hour. Having a responsive and reliable lender is invaluable. I put together a contingent offer on the property.
4:00 - 5:00 Sign offer with Client
We go over our offer to buy the property, paragraph by paragraph. I have structured it in a way that allows my client 45 days to sell her house. If she cannot then we are not obligated to buy the house. If the offer is accepted we will have her house on the market the next day. I have explained all the aspects of this offer to my client and she has signed the contract.
5:00 Submit offer to Listing Agent
I have the offer faxed over to the other agent and include the comparables that support the sales price of my clients house. I am trying to build a case that the likelihood of her house getting a contract is high and therefore would be less risky for the sellers.
5:30 - 6:00 Listing Paperwork
My appointment from Friday meets me at the office and we go over the listing agreement. We set a price for his house and he signs all the necessary paperwork. He will go on the market next Monday.
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