Recieving Offers On Your Home
Once we get offers on your home is when the fun begins. HI I'm Judy Ballard with Illustrated Properties and Christies International Luxury Marketing Specialist. I also am one of the 1% of Realtors nationwide to have earned the Master Certified Negotiation Expert designation.
,. Once we receive offers on your home there are a few essential components that need to be done prior to us discussing the offers. I vet all of the buyers by calling the agent and lender and making sure that the buyer is truly qualified, we verify funds, ask critical questions, and find out how motivated and in love with your property the buyer is . During this process I also am learning about the buyer's agent and lender to see how much experience they have and if they've properly educated the buyer and also get an idea as to how they are going to be to work with. Believe it or not, the buyers agent is just as important to ensuring the deal will close as the buyer's qualification. I am then ready to discuss to the offer and review terms. I will give you our advice on the offers in regards to the pros and cons of each, but ultimately you make the decision as to which offer to take and what to counter. Now if we have more than one offer, there is another process that we go through, we give an offer deadline date, then we do a counter offer to ALL of the offers requesting them to give their highest and best offer. Once we have those, we meet with you to discuss which of those offers you would like to counter. Generally, this gives us an opportunity to get a higher price from the buyer and better terms for you because we as picking from the "cream of the crop" so to speak.
At this time the buyers can choose to accept our terms or to counter us back. You have the opportunity to choose which offer you would like to take at this time and again we will advise you as to the pros and cons. Once we come to terms, we are now officially in escrow. Watch the next video to see understand what happens now and what to expect regarding timelines etc. Understand that in most cases if you are dealing with a loan, the average timeframe to close on a home is about 30 days, give or take. If you're dealing with cash, you can close in a little as 7 days. Feel free to call me with any questions you may have and as always make it a great home buying or selling day.
