It has been a busy few weeks, showing houses, discussing the pros and cons of each with our client who was looking for something specific. A duplex or triplex multi-family unit.
After several weeks we thought we had found the place, we wrote and presented a contract, after looking at local comparative sales and the condition of the home and how it showed only for the seller to let us know they were rejecting our offer and did not want to accept less than $5,000 less than their asking price. We were significantly below that threshold. After more discussions between my client and myself we decided to let it sit and see what happened. Amazingly they reduced their price, well below that number they mentioned. Was this the house we put under contract - NO!
Other homes came up that were of interest, one the condition was not great, and then on Saturday a property became active. We looked at it, and I am grateful I have a client who when she sees what she likes can make a quick decision. I drove home, wrote up the contract and sent it over to the listing agent.
I heard back quickly, and after some minor negotiation about including an appraisal gap contingency, which we were willing to include we were told they were accepting our offer and cancelling future showings and the Open House that was planned for Sunday.
Moving quickly, knowing the brokers who owned the real estate firm on the other side, all these things help to make a deal work and give the listing agent confidence they can work well with you. Good and clear communication always helps a deal flow smoothly.
Now to organize the inspections, and move through the due diligence period whilst getting the title ordered and the mortgage commitment cleared. There is far more to being a buyers agent or a property search consultant than just opening a door.
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