September is upon us and if you want to sell your home before the year’s end, there are a few things you should know! Get a Great Agent – Oddly enough, I happen to know one, so can help you with this step. Call me for the inside scoop! However, if you DO want to…Read More »
Is earnest money required to make a contract effective? I sent my client’s offer to purchase a home to the listing agent. The agent said he wouldn’t present the offer until I sent an earnest-money check.
Here’s a quick reference cheat-sheet that will help you determine easily (depending on product: FHA, VA, Rural or Conventional) what the waiting periods are.
Listed 2 weeks and only 1 showing. Most homes in the area average $340,000, and we are listed at $179,000. Older home with only 1 bath but has been updated thru out. In great showing condition! How long before home starts showing, or should we go ahead and lower our price?
Providing an incentive works, and the simple answer would be yes. However, you still need to look at your specific situation. What are the comparable home sales in your area suggesting? What is your current competition doing? The purpose of the bonus is to motivate the buyer’s agent to show your home, and the increased showing activity will help produce a reasonable offer.
“A short sale is a situation in which the seller…1) owes more money on the loan (and any other liens on the property) than the sale of the property will likely produce on the market, and 2) is unable or unwilling to bring money to closing.”