|
|
All Real Estate Agents Are Not Created Equal
**Important things to look for in a Real Estate Agent**
When selling your home, one of the most important services your real estate agent can perform is helping you set the listing price. Most people approach a sale thinking they have a pretty...
Avoid mistakes that could cost you thousands.
Selling your home can be an exhausting experience. Last minute walk throughs, inconvenient calls, price adjustment and the possibility of being stuck with two mortgages are real concerns. If you are not completely prepared you could end up losing...
Becoming A Battle Hardened Real Estate Veteran Without All The Scars
As part of a new web site that we just launched, www.GetPreconstructionDeals.com, I get repeated requests asking if a particular deal is good or not. While we can’t answer this for individual projects, we can certainly look at what HAS to get done...
The Miami Condo Market
The Miami condo market is very diverse and offers a large number of different solutions for those interested in purchasing or renting a condo. People from all over the world are attracted to the vibrant Miami area and its supreme climate for...
What Is The Best Deal For A Mortgage?
Few of us invest the time and effort into researching and securing the best deal for a mortgage to purchase our home.
We invest a lot of time and effort into finding the perfect property in the best location and with as many of the features from...
|
|
|
|
|
|
|
|
Timing Clauses Stop Sellers From Inciting Bidding Wars
It is no secret that the current real estate market is hot, hot, hot. Sellers can receive multiple bids for their property on the same day. In the rush of the moment, your emotions can carry you into a bidding war. Using timing clauses can help avoid such a situation and protect you from buyer’s remorse.
Timing Clauses – Drop Dead!
A timing clause is inserted in an offer to avoid open-ended bidding wars. You do not want your offer to be “on the table” indefinitely. Such a situation inevitably leads to a bidding war where sellers “auction” up the price of home to a sellers benefit. To avoid this, you should choose to put a “drop dead date” on your offer. You would include language that says something like, “This offer is open until withdrawn or until 9:00 P.M. on Tuesday, June ____, 20__, whichever comes first.”
Let’s look at an example of how a hypothetical situation might work out.
Say the asking price of the home is $995,000. Your offer is $995,000 with a drop dead date of September 1, 2005. On August 29, 2005, the seller informs you of a competing bid for $1,000,000. While your immediate reaction is to panic and up your offer, you should instead calmly ask to see the competing offer. If the seller drags their feet or won’t produce it, the bluff is
called. Now the seller has to make up their mind before the 1st. They may decide not to accept your offer, but at least you will have avoided bidding against yourself. Alternatively, if the seller produces a competitive bid, you will know where you stand and make an informed decision on whether to raise your bid.
Timing clauses are fairly standard practice in most parts of the country. Make sure you use one to force the seller to make a decision. You don’t want to be left twisting in the wind.
About the Author: Raynor James is with http://www.fsboamerica.org - providing FSBO homes for sale by owner. Visit our "sell my home" page at http://www.fsboamerica.org/seller.cfm to list and sell your home for free for one month. Visit http://www.fsboamerica.org/buyer.cfm to see homes for sale by owner.
Source: www.isnare.com
|
|
|
|
|
Real Estate, Property, Land and Homes for Sale, lease and rent ... |
Comprehensive real estate and property listings. Includes information on buying and selling, tips on building, an auction timetable and other helpful ... |
www.realestate.com.au |
  |
Real Estate | Homes for Sale | Houses for Sale | MLS Listings ... |
RealEstate.com provides home listings , homes for sale , REALTORS , house listings , apartment locating services. We have Florida real estate , Texas ... |
www.realestate.com |
  |
REALTOR.com: Real estate listings & homes for sale |
Search for a new home or find mortgage rates, real estate agents, and relocation services throughout the US, Canada, and Puerto Rico. |
www.realtor.com |
  |
Real Estate on Yahoo! Real Estate - Homes, Mortgage Rates, School ... |
Yahoo! Real Estate is the most comprehensive place for real estate, housing market information, school reports, local mortgage rates and more! |
realestate.yahoo.com |
  |
Find Your Home Value, House Values and Prices on Yahoo! Real Estate |
Yahoo! Real Estate - Free instant home values and comparable home valuations for millions of houses. Check your home's price or any house value. |
realestate.yahoo.com |
  |
Real Estate, Houses for Sale, Rentals, Commercial and Businesses ... |
Real Estate, Houses for Sale, Rentals, Commercial and Businesses for sale at Realestate.co.nz. |
www.realestate.co.nz |
  |
Real Estate - Buy, Sell or Rent a Home - New York Times |
Online real estate listings for properties in New York and nationwide. |
www.nytimes.com |
  |
Century 21 Real Estate Agents and Brokers |
Agency with franchised offices throughout the United States, Canada, Europe, Latin America, the Middle East and Asia. Find local offices and agents, ... |
century21.com |
  |
Zillow - Your Edge in Real Estate |
Zillow provides a free Home Valuation Tool for Real Estate enthusiasts. Whether you're an agent, broker, buyer of investment property or first time ... |
www.zillow.com |
  |
STLtoday - Homes |
Real estate agent revels in the boom in downtown St. Louis living ... [more real estate news as seen in the St. Louis Post-Dispatch] ... |
www.stltoday.com |
  |
Real estate - Boston.com |
Boston Real Estate - Search the Boston Globe and Boston.com for Massachusetts Real Estate, Boston Condos, Land for sale, Vacation Rentals and more. |
www.boston.com |
  |
ABCs of Real Estate |
Real Estate ABCs consumer tips, hints, and resources for home buyers, sellers, and mortgage borrowers. |
www.realestateabc.com |
  |
washingtonpost.com - Washington DC real estate, Maryland real ... |
Washington, DC, Virginia and Maryland homes, real estate news and headlines. [Registration required] |
www.washingtonpost.com |
  |
Coldwell Banker Real Estate Corporation |
Real Estate from Coldwell Banker ®. Buying a home, selling a home, or finding a real estate agent is easy with Coldwell Banker. Find a home, sales associate ... |
www.coldwellbanker.com |
  |
Detroit News Online | Real-Estate |
Sellers around the state have been frustrated with the slow sales patterns of Michigan real estate over the past year or two. But buyers have been enjoying ... |
www.detnews.com |
  |
Newsday.com - Long Island Real Estate for Nassau County and ... |
In a real estate market increasingly defined by niches, ... Real Estate Resources. Search by school district for recent home sales in Nassau and Suffolk ... |
www.newsday.com |
  |
Real Estate for Sale, Rent and Share @ Domain.com.au |
Real Estate for Sale, Rent and Share @ Domain.com.au. Houses and apartments for sale or rent all over Australia. Thousands of properties in Sydney, ... |
www.domain.com.au |
  |
Luxury real estate news and features - Forbes.com |
Luxury real estate news and features at Forbes.com. Core topics include real estate, mansions, condos, co ops, oceanfront realty, second homes, ... |
www.forbes.com |
  |
Real Estate News - Prices, Mortgages, and Calculators from CNNMoney |
Latest on mortgages, refinancing, & home tips from CNNMoney.com. Calculators for refinancing, mortgage payments and more. |
money.cnn.com |
  |
Los Angeles, California, national and world news, jobs, real ... |
Los Angeles' leading online source for local, state, national, world, entertainment, and sports news. Plus jobs, real estate, cars and shopping information ... |
www.latimes.com |
  |
|