All Posts Tagged With: "offer"
Compare “For Sale,” “Sold” & “Under Contract” Signs
In our area real estate signs say For Sale, Sold and Under Contract. These signs are a shorthand way to explain the contract status of the property — information which may suggest that the property is off the market, on the market or maybe both. For Sale It might seem that a property which is [...]
8Jan2010 | Peter G. Miller | 0 comments | Continued
Can We See Another Buyer’s Offer For A House?
Question: We made an offer on a home. The broker representing the sellers said a higher offer had been received and asked if we wanted to raise our bid. We declined, but here’s the question: How do we know there was another bid or that it was higher? Answer: One of the most difficult issues [...]
16Mar2009 | Peter G. Miller | 2 comments | Continued
Must A Home Seller Accept Our Full-Price Offer?
Question: We made an offer — which was at the asking price — and owner thinks he now can get more and refuses to take our offer. Can he raise the price or does he have to accept? Answer: He does not have to accept — just think of all the homes in hot markets [...]
9Mar2009 | Peter G. Miller | 0 comments | Continued
Must Owners Accept Full-Price Offers?
No. A real estate transaction is complex and involves far more than the purchase price. For instance, you bid full price but perhaps someone bid more. Or, you bid full price but require the sellers to re-paint the first floor — effectively asking for different terms and a discount on the sale price. Why not [...]
8Dec2008 | Peter G. Miller | 0 comments | Continued
Refinance Today! Act Now! (But Watch Your Wallet)
I’m always pleased when people want to help me, when they want me to get ahead. Surely such motivations describe the many folks who write with ideas that will allow me to make smaller mortgage payments and thereby save money, cut costs and better my life. Because such suggestions are made with only my best [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
What’s A Back-Up Offer?
A property is not actually “sold” until a sale closes and title passes to another party. For this reason sellers will often seek a “back-up” agreement in case the original offer falls through. A back-up agreement is a complete sales contract that includes all terms and conditions but it has no effect if the first [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
How could our full-price offer be rejected?
We saw a home we liked and put in a full-price offer with only one small stipulation asking the seller to re-paint a bedroom. The seller now wants us to up our bid. Isn’t the seller required to accept our full-price offer? Answer: You may have made a full-price bid, but you did not accept [...]
28Aug2008 | Peter G. Miller | 2 comments | Continued
Must A Home Seller Respond To Our Offer?
Question: We have made two cash offers for a property and not received a response from the seller even though the property has been on the market for nearly two years. Must the sellers respond? Answer: No. That your offer is in cash does not matter. That you may have made a full-price offer does [...]
23Aug2008 | Peter G. Miller | 0 comments | Continued
Should I Price A Home On The Basis Of Its Rent?
Question: I want to invest in real estate. Is there a way to price homes based on rental values? Answer: No doubt you can compute a return on investment given a purchase price and such factors as improvement costs, net income, the value of depreciation, savings through amortization, and appreciation (if any). But then no [...]
23Aug2008 | Peter G. Miller | 0 comments | Continued
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