Tag

cash offer

Anticipating Multiple Offers? Have Your Home Pre-Inspected

Going From a Royal Carriage Back to a Pumpkin [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Any Realtor who’s represented a Seller in multiple offers knows the...
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Can You Say, “Feeding Frenzy?”

Bloomington Rambler Gets 56(!) Offers, Sells for 25% Over Asking Price If you’ve never been in multiple offers, here’s a quick shorthand: 2-3 is stressful; 6-8 is a three-ring circus; and more than a dozen is a proverbial zoo. So, I literally don’t know what to call what just happened at 800 E. 86th Street,...
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Why Sellers Anticipating Multiple Offers Are Smart to Have Their Home Pre-Inspected

Minimizing the Risk of Going Back to Square One (or Worse) [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Any Realtor who’s represented a Seller in multiple offers...
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The Pandemic Housing Market: Return of the Lowball Offer??

Alternative for Would-Be Sellers: Taking a Break “The recipe is cash and balls: Throw in a very low offer and see what sticks. No guts. No glory.” –“As Coronavirus Cases Grew, Some Wealthy Buyers Still Bought Multimillion Dollar Homes”; The Wall Street Journal (3/26/2020). [Note to Readers: The views expressed here are solely those of...
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How Much of a Discount For Cash?

Quick Answer:  “It Depends — But Usually Less Than Buyers Think” “At the closing table, the Seller will walk away with a check ” and whether the money comes from the Buyer or the lender doesn’t matter.” –“Do Home Buyers Who Pay Cash Get a Discount?”; The Wall Street Journal (11/4/2010). The answer to the...
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Getting the Edge in Multiple Offers

“Good,” “Better,” and “Best” Inspection Timetables The best way for a Buyer to prevail in multiple offers? Easy. Come in with the highest price and the lowest financing risk — or none, in the case of a cash offer.   See, “Tiebreaker in Multiple Offers:  the Buyer’s Loan Officer.” But that doesn’t mean there aren’t other ways Buyers can make...
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