Hurry Up & Wait In a traditional sale, Buyers can usually expect to hear a response to their offer within 24 hours — ideally much faster. So, how long do would-be Buyers of Fannie Mae properties have to wait? As long as 10 days. Stale MLS Status Which is why it’s only fair to such...Read More
Hurry Up and Wait Every day you see one more card You take it on faith, you take it to the heart The waiting is the hardest part —”The Waiting“; Tom Petty, lyrics In my original post, “The Waiting (is the Hardest Part),” I discussed the various kinds of waiting that people frequently have to...Read More
Testing an Unrealistic Seller It seems to be happening a lot in today’s housing market: Buyers find something they like, but — based on the Comp’s — the Seller’s price appears to be high. What to do? One option is to simply wait. Overpriced listings have a way of coming down to earth, and Buyers...Read More
Managing Client Expectations Real Estate Rule #1: It’s not a done deal till the Seller leaves the closing with a check. Real Estate Rule #2: It’s not an offer till the listing agent has it in hand. One of the most exciting pieces of news a listing agent can deliver to a Seller is that...Read More
“Love at First Sight?” Probably Not Is there such a thing as a “too-fast offer,” especially in a Buyer’s market where lots of homes are sitting? The short answer: actually, yes. Most Buyers seriously contemplating a home will go through at least twice, just to double-check their first impressions, see it with fresh eyes (vs....Read More
Hurry Up and Wait If you’re a prospective home Buyer who initiates a deal just before Christmas — especially if it’s a bank-owned property — you’re likely to get everything wrapped up a week into the New Year (if you’re lucky — I’ve got one in progress now). If you’re a Buyer who initiates a...Read More