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patb.
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June 7, 2009 at 8:29 AM #15837June 7, 2009 at 8:55 AM #411766
4plexowner
Participantmy realtor has always told me that the first offer is the best one
however, taking a contingent offer in a market like this one seems less than intelligent to me
the chances of these people NOT closing escrow is significant (what if mortgage rates go up another 1/2 point – will they still close?)
so all you accomplish by accepting a contingent offer is to tie up the property and exclude a buyer who might actually be able to close escrow now
when I was selling my properties I required that earnest money ‘went hard’ (out of escrow and into my hands) after a certain period – if the buyer didn’t close escrow his earnest money was still mine – this ensured that I was dealing with a serious buyer – if you are determined to lock your property up in escrow with someone who may or may not close escrow, you might consider having their earnest money go hard
June 7, 2009 at 8:55 AM #412468Participantmy realtor has always told me that the first offer is the best one
however, taking a contingent offer in a market like this one seems less than intelligent to me
the chances of these people NOT closing escrow is significant (what if mortgage rates go up another 1/2 point – will they still close?)
so all you accomplish by accepting a contingent offer is to tie up the property and exclude a buyer who might actually be able to close escrow now
when I was selling my properties I required that earnest money ‘went hard’ (out of escrow and into my hands) after a certain period – if the buyer didn’t close escrow his earnest money was still mine – this ensured that I was dealing with a serious buyer – if you are determined to lock your property up in escrow with someone who may or may not close escrow, you might consider having their earnest money go hard
June 7, 2009 at 8:55 AM #412316Participantmy realtor has always told me that the first offer is the best one
however, taking a contingent offer in a market like this one seems less than intelligent to me
the chances of these people NOT closing escrow is significant (what if mortgage rates go up another 1/2 point – will they still close?)
so all you accomplish by accepting a contingent offer is to tie up the property and exclude a buyer who might actually be able to close escrow now
when I was selling my properties I required that earnest money ‘went hard’ (out of escrow and into my hands) after a certain period – if the buyer didn’t close escrow his earnest money was still mine – this ensured that I was dealing with a serious buyer – if you are determined to lock your property up in escrow with someone who may or may not close escrow, you might consider having their earnest money go hard
June 7, 2009 at 8:55 AM #412249Participantmy realtor has always told me that the first offer is the best one
however, taking a contingent offer in a market like this one seems less than intelligent to me
the chances of these people NOT closing escrow is significant (what if mortgage rates go up another 1/2 point – will they still close?)
so all you accomplish by accepting a contingent offer is to tie up the property and exclude a buyer who might actually be able to close escrow now
when I was selling my properties I required that earnest money ‘went hard’ (out of escrow and into my hands) after a certain period – if the buyer didn’t close escrow his earnest money was still mine – this ensured that I was dealing with a serious buyer – if you are determined to lock your property up in escrow with someone who may or may not close escrow, you might consider having their earnest money go hard
June 7, 2009 at 8:55 AM #412004Participantmy realtor has always told me that the first offer is the best one
however, taking a contingent offer in a market like this one seems less than intelligent to me
the chances of these people NOT closing escrow is significant (what if mortgage rates go up another 1/2 point – will they still close?)
so all you accomplish by accepting a contingent offer is to tie up the property and exclude a buyer who might actually be able to close escrow now
when I was selling my properties I required that earnest money ‘went hard’ (out of escrow and into my hands) after a certain period – if the buyer didn’t close escrow his earnest money was still mine – this ensured that I was dealing with a serious buyer – if you are determined to lock your property up in escrow with someone who may or may not close escrow, you might consider having their earnest money go hard
June 7, 2009 at 9:33 AM #412039briansd1
Guest$300k down to $217k.
You should have listened to temeculaguy and dropped to $225k earlier.
June 7, 2009 at 9:33 AM #412283Guest$300k down to $217k.
You should have listened to temeculaguy and dropped to $225k earlier.
June 7, 2009 at 9:33 AM #412351Guest$300k down to $217k.
You should have listened to temeculaguy and dropped to $225k earlier.
June 7, 2009 at 9:33 AM #411801Guest$300k down to $217k.
You should have listened to temeculaguy and dropped to $225k earlier.
June 7, 2009 at 9:33 AM #412502Guest$300k down to $217k.
You should have listened to temeculaguy and dropped to $225k earlier.
June 7, 2009 at 12:40 PM #412098GoUSC
Participant[quote=briansd1]$300k down to $217k.
You should have listened to temeculaguy and dropped to $225k earlier.
http://piggington.com/selling_my_house_part_1
[/quote]Brian what does your post add to this discussion other than stating something the seller already knows? …other than your skills at Monday morning quarterbacking….
Original poster, in this tough market I would get the buyer under contract but negotiate tough if he asks for any significant deductions down the road. You have an uphill road with his contingencies but I would keep the house on the market and keep having people look at the house…
June 7, 2009 at 12:40 PM #412562Participant[quote=briansd1]$300k down to $217k.
You should have listened to temeculaguy and dropped to $225k earlier.
http://piggington.com/selling_my_house_part_1
[/quote]Brian what does your post add to this discussion other than stating something the seller already knows? …other than your skills at Monday morning quarterbacking….
Original poster, in this tough market I would get the buyer under contract but negotiate tough if he asks for any significant deductions down the road. You have an uphill road with his contingencies but I would keep the house on the market and keep having people look at the house…
June 7, 2009 at 12:40 PM #411861Participant[quote=briansd1]$300k down to $217k.
You should have listened to temeculaguy and dropped to $225k earlier.
http://piggington.com/selling_my_house_part_1
[/quote]Brian what does your post add to this discussion other than stating something the seller already knows? …other than your skills at Monday morning quarterbacking….
Original poster, in this tough market I would get the buyer under contract but negotiate tough if he asks for any significant deductions down the road. You have an uphill road with his contingencies but I would keep the house on the market and keep having people look at the house…
June 7, 2009 at 12:40 PM #412343Participant[quote=briansd1]$300k down to $217k.
You should have listened to temeculaguy and dropped to $225k earlier.
http://piggington.com/selling_my_house_part_1
[/quote]Brian what does your post add to this discussion other than stating something the seller already knows? …other than your skills at Monday morning quarterbacking….
Original poster, in this tough market I would get the buyer under contract but negotiate tough if he asks for any significant deductions down the road. You have an uphill road with his contingencies but I would keep the house on the market and keep having people look at the house…
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