Comments on: Paying More Than Asking Price For Your Home http://www.rerockstar.com/2010/buyers/paying-price-home/ "Your all access pass to San Antonio real estate." Wed, 04 Jan 2012 12:52:26 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: rerockstar http://www.rerockstar.com/2010/buyers/paying-price-home/comment-page-1/#comment-2298 rerockstar Wed, 22 Dec 2010 16:32:31 +0000 http://www.rerockstar.com/?p=2070#comment-2298 Mathieu - Gazump? I love that word - never heard it before. If an offer is made and accepted and than a higher offer came in, you could cancel the prior contract in order to accept the better offer. You could place it in "back-up contract" status - in other words, you can accept it and it will become the primary contract if the first one falls through, but you would be liable to the first buyer if you canceled the sale. Mathieu – Gazump? I love that word – never heard it before. If an offer is made and accepted and than a higher offer came in, you could cancel the prior contract in order to accept the better offer. You could place it in “back-up contract” status – in other words, you can accept it and it will become the primary contract if the first one falls through, but you would be liable to the first buyer if you canceled the sale.

]]> By: Mathieu http://www.rerockstar.com/2010/buyers/paying-price-home/comment-page-1/#comment-2289 Mathieu Wed, 22 Dec 2010 02:59:47 +0000 http://www.rerockstar.com/?p=2070#comment-2289 Wow! In my native country, Australia, this would possible be called gazumped and is illegal if another offer has been made and accepted. Is this similar in the USA? I am not saying this article is suggestion gazump in this situation, however, if it were, is it illegal? Wow! In my native country, Australia, this would possible be called gazumped and is illegal if another offer has been made and accepted. Is this similar in the USA? I am not saying this article is suggestion gazump in this situation, however, if it were, is it illegal?

]]> By: Richard Dillon http://www.rerockstar.com/2010/buyers/paying-price-home/comment-page-1/#comment-2125 Richard Dillon Tue, 23 Nov 2010 09:33:02 +0000 http://www.rerockstar.com/?p=2070#comment-2125 All of this is true and the methods of buyer beware is as true today as it was in the past. Ensure you remain true to your top price, ensure you do your homework and consider why you are buying. If it is a lifestyle choice and you plan to remain in that home for at least 10 years, then the considerations are different if you are buying as an investment. Of course, that statue may be the difference between exceeding your budget and maintaining your original goal. Location, location, location. All of this is true and the methods of buyer beware is as true today as it was in the past. Ensure you remain true to your top price, ensure you do your homework and consider why you are buying. If it is a lifestyle choice and you plan to remain in that home for at least 10 years, then the considerations are different if you are buying as an investment. Of course, that statue may be the difference between exceeding your budget and maintaining your original goal. Location, location, location.

]]> By: rerockstar http://www.rerockstar.com/2010/buyers/paying-price-home/comment-page-1/#comment-2056 rerockstar Wed, 27 Oct 2010 16:53:29 +0000 http://www.rerockstar.com/?p=2070#comment-2056 Rodeny - As with any older post, when I receive a comment I go back and read the post to see what my thoughts were at that given moment. I re-read this one and I have to say, my thoughts on recent trends still stand firm. Here in San Antonio, the pre-approval is more or less a requirement. I haven't seen anyone who accepts an offer without one. Rodeny – As with any older post, when I receive a comment I go back and read the post to see what my thoughts were at that given moment. I re-read this one and I have to say, my thoughts on recent trends still stand firm.

Here in San Antonio, the pre-approval is more or less a requirement. I haven’t seen anyone who accepts an offer without one.

]]> By: Rodney Ash http://www.rerockstar.com/2010/buyers/paying-price-home/comment-page-1/#comment-2053 Rodney Ash Wed, 27 Oct 2010 13:46:39 +0000 http://www.rerockstar.com/?p=2070#comment-2053 With foreclosures cash is king as you say in your post. With non foreclosures I would look for ways to make the offer stronger outside of raising the price. Things like... letting the seller determine the closing date, shorten the contingency times, providing a pre-approval letter just to name a few. Rock star post as always. With foreclosures cash is king as you say in your post. With non foreclosures I would look for ways to make the offer stronger outside of raising the price. Things like… letting the seller determine the closing date, shorten the contingency times, providing a pre-approval letter just to name a few.

Rock star post as always.

]]> By: Doug Francis http://www.rerockstar.com/2010/buyers/paying-price-home/comment-page-1/#comment-1586 Doug Francis Thu, 18 Mar 2010 00:57:54 +0000 http://www.rerockstar.com/?p=2070#comment-1586 This is also where having a professional manner and asking questions of the listing agent can really help when deciding how to tweek an offer. "So my folks are non-contingent..." "Really, their loan approval now just depends on the appraisal and it looks like you priced it well" flattery helps start a conversation. "I can send it over as a pdf, is that ok?" Be organized because organized people like to work with organized people, and the other offer may have been written on the hood of a car! There are too many "x- factors" that make one offer rise to the top to discuss since they are trade secrets (you haven't taken that class?) .-= Doug Francis´s last blog ..<a href="http://www.dougfrancis.com/2010/03/the-real-estate-market-catches-a-hint-of-spring-2010/" rel="nofollow">The real estate market catches a hint of Spring 2010</a> =-. This is also where having a professional manner and asking questions of the listing agent can really help when deciding how to tweek an offer.

“So my folks are non-contingent…”

“Really, their loan approval now just depends on the appraisal and it looks like you priced it well” flattery helps start a conversation.

“I can send it over as a pdf, is that ok?”

Be organized because organized people like to work with organized people, and the other offer may have been written on the hood of a car! There are too many “x- factors” that make one offer rise to the top to discuss since they are trade secrets (you haven’t taken that class?)
.-= Doug Francis´s last blog ..The real estate market catches a hint of Spring 2010 =-.

]]> By: The Ten Best in RE.net This Week: Mar. 13, 2010 Edition http://www.rerockstar.com/2010/buyers/paying-price-home/comment-page-1/#comment-1560 The Ten Best in RE.net This Week: Mar. 13, 2010 Edition Sat, 13 Mar 2010 18:13:00 +0000 http://www.rerockstar.com/?p=2070#comment-1560 [...] ) Paying More Than Asking Price For Your Home – In today’s market sometimes you are going to need to go over asking price to get what you [...] [...] ) Paying More Than Asking Price For Your Home – In today’s market sometimes you are going to need to go over asking price to get what you [...]

]]> By: rerockstar http://www.rerockstar.com/2010/buyers/paying-price-home/comment-page-1/#comment-1554 rerockstar Thu, 11 Mar 2010 19:03:29 +0000 http://www.rerockstar.com/?p=2070#comment-1554 Vicki - In a similar fashion I ask them to run the scenario of what happens if they get beat out and don't get <em><strong>this</strong></em> house. If I detect any sort of sadness on their part, I move to get them thinking harder about it. If I feel like they're right on the edge of either side, I'll often call the agent to see if we can get a few hours extra. It's a terrible feeling when you lose a house to someone else. No one likes it, even when they are okay with not getting the house. .-= rerockstar´s last blog ..<a href="http://feedproxy.google.com/~r/Rerockstarcom/~3/Aw6dp10EDVc/" rel="nofollow">Building A New Home In San Antonio? Consider this…</a> =-. Vicki – In a similar fashion I ask them to run the scenario of what happens if they get beat out and don’t get this house. If I detect any sort of sadness on their part, I move to get them thinking harder about it. If I feel like they’re right on the edge of either side, I’ll often call the agent to see if we can get a few hours extra.

It’s a terrible feeling when you lose a house to someone else. No one likes it, even when they are okay with not getting the house.
.-= rerockstar´s last blog ..Building A New Home In San Antonio? Consider this… =-.

]]> By: Vicki Lloyd http://www.rerockstar.com/2010/buyers/paying-price-home/comment-page-1/#comment-1553 Vicki Lloyd Thu, 11 Mar 2010 18:55:21 +0000 http://www.rerockstar.com/?p=2070#comment-1553 Hi Matt - It's always tough for a buyer to figure out what to offer when they know it's a multi-offer situation. After running comps and going over the pros and cons of why they like it, I usually advise them to come up with the number that they would still feel good about buying it, but would not kick themselves if they lost it by $1. Hi Matt –

It’s always tough for a buyer to figure out what to offer when they know it’s a multi-offer situation.

After running comps and going over the pros and cons of why they like it, I usually advise them to come up with the number that they would still feel good about buying it, but would not kick themselves if they lost it by $1.

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