Tag

offer

Waiting on Fannie Mae

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...
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“The Waiting” – Version 2

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...
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Waiting for the Price to Drop — or Not

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...
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Why It’s Not an Offer Till You Have it in Hand

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...
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The "Too-Fast Offer"

“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....
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Plodding Pace of Year-End Deals

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...
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