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Reply to "Protection Against Flaky Buyers"
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[quote=Anonymous]OP: We have sold three homes. I strongly think you need a new agent. When you "accept" a contract you take your home off the market, which means prospective buyers are turned away. So therefore, do not rush to accept an offer. There is always going to be 'something" on the inspection. Then their agent will open a big discussion about how you need to remedy that or disclose it to every other buyer. True and not true. We made the acceptance period very short --24 hours -- and then were completely ready to close them right out of the contract. I, the owner said, "If you can find another home just like this one for xx amount less, then you better run right over there and buy it." That tended to sober them up when they realized that any other house would have the same or similar problems. The deals closed. We sometimes had a problem with the agent bringing in clients whose fanatical paperwork was not looking sufficient to purchase the home -- ie, they couldn't afford it. No reason to take your home off the market for these offers -- they will just fall through. remember this is your one and only home and it is just a transaction to your agent.[/quote]
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