Three Reasons You Should Write A Real Estate Offer Today - don't waste a moment or you may loose your dream home!
I hate that this market demands that buyers make decisions
so quickly, but it is my job to let you know what the market is actually
like. The last thing I ever want to do is to rush any client. We have seen the
disappointment that can result when someone misses out on a truly exceptional
home, and I am working to be proactive instead of reactive. Simply
put, well priced homes move FAST in Kansas City / Prairie Village / Leawood /
Fairway / Brookside.
If you are not willing to act swiftly, your competition for
the home may be. It’s can be devastating to lose a great house
because the offer did not get in fast enough, but it does happen – more often
than you think. On the flip side, we have also had our clients win
out because other buyers have hesitated and they did not.
Accordingly, when the house is the right house, I do encourage
my clients to act swiftly. To ensure you are ready to go when "your
house" comes on the market, be sure to be PREAPPROVED with a great lender.
Use a lender you trust, they will be your partner throughout this sale
process and you need to ensure they are working for you.
The following are three reasons why it may be important
for you to write the offer today:
1) Avoiding a bidding war / Get a
better price! Sometimes if you get an offer in quickly, you will
be able to get it accepted quickly at a slightly lower price than if you waited
and the situation became a bidding war. We have seen this often occur with
REOs (foreclosures). Take this as an example how about your client’s
offer is the first offer, gets put into the computer portal that evening before
the REO agent leaves the office, and the next morning when they check their
email, it is already accepted. Gone. Our client is celebrating as
the 10 other higher offers that poured in that evening and the next day are put
aside, the deal is done and you won!
2) They just did a price reduction!
When a seller does a price reduction it is highlighted for those
searching for a home. With most MLS systems and specifically both our Reece & Nichols system
and Heartland
MLS, an automatic email alert will be sent to buyers who are actively
looking for that type of home, and the home will appear in the “hot sheet”
search that most buyer’s agents run first thing every morning. Even a
modest price reduction can dramatically increase the attention that a listing
receives. If the price is now appealing, or you think the owner will now
be receptive to your offer, get that offer in quickly before someone else has
the same idea.
3) Your offer may deter other buyers!
Buyers dislike bidding wars, so many will shy away from a home with an offer
already on it. With thanksgiving "Black Friday" around the corner
think, would you rather fight with 20 others for 1 TV or be the first in line
to get it. In our Kansas City market, buyers are not expecting bidding
wars, unless the property is EXCEPTIONAL! Often the presence of another
offer will make buyers and their agents shy away. Accordingly, your early
offer may keep others from even bidding. (Note this does not hold true
for low ball offers, if you submit a low ball offer, the listing agent will
simply tell other buyer’s agents that the offer they have in hand is low and it
will not generally deter other buyers from bidding.)
If you are looking to sell and list your home or to put an offer in on a new home, now is the
time and the Bubb Cribb Team would love to help you!
The Bubb Cribb Team at Reece & Nichols would love to be your neighborhood experts in buying or selling your home in the stalwart Kansas City locations, of Union Hill, Hyde Park, Brookside, Sunset Hills, Waldo, Mission Hills, Prairie Village, Overland Park, Fairway, Leawood and more; please contact Christopher Cribb, Megan Bubb Cribb or Eric Bubb for assistance!
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