Reply to How do we know whether the agents are not lying?

Forum Index » Real Estate

Reply to "How do we know whether the agents are not lying?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]you ignore what you were told and offer what you want, with a 24-hour expiration date on it.[/quote]

What is the point of a 24 hour expiration date.  The seller knows that we are interested and can come back to us after the 24 hour window to ask whether we are still interested or not.  Unless it is a credible threat such as we will put down another offer for another house after the 24 hour period.[/quote]

the point is putting pressure of the seller to take your offer into consideration and say yes or not (in that case risking that you go away and the seller loses the sale) in a short period of time.  if you do not put an expiration, the seller is going to try to drag things on to get more offers to compete with yours. if the seller has to come back to you after it has rejected your offer, the seller will have to lower the price obviously, and that's why a seller may try to drag things on instead of responding within 24 hrs

a house on the market for 2 months, unless there is a dramatic lowering of the price is not going to get a bidding war. just offer what you think is right, put a 24 hours deadline and see what happens. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics