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Making an Offer

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Is It Risky to Make an Offer Without an Appraisal Contingency?

Is It Risky to Make an Offer Without an Appraisal Contingency?Is It Risky to Make an Offer Without an Appraisal Contingency? When bidding on a desirable home, buyers often wonder what it takes to win in a multiple offer competition. The winning offer usually has the highest price, the fewest contingencies and the quickest close. Absent competition, most home purchase contracts include contingencies...

 

Sat Oct 12 2002
Views: 76


Is It Wise to Buy a Home Without Contingencies?

Is It Wise to Buy a Home Without Contingencies?Is It Wise to Buy a Home Without Contingencies? Recently the San Francisco Bay area housing has been competitive. So competitive that some buyers have been making contingency-free offers in order to make their offers more attractive to sellers. Normally a residential purchase offer, also called a purchase contract, includes contingencies...

 

Sat Oct 12 2002
Views: 77


Is It Wise to Buy in a Softening Market?

Is It Wise to Buy in a Softening Market?Is It Wise to Buy in a Softening Market? A couple of years ago, home buyers were confident about making an investment in the housing market. With prices racing higher at a break-neck pace, how could they go wrong? Now, the housing market is softening. Home values may not increase much, if at all, for a while. In some areas, prices will..

 

Sat Oct 12 2002
Views: 71


On the Bubble: What is a Contingent Sale Offer?

On the Bubble: What is a Contingent Sale Offer?On the Bubble: What is a Contingent Sale Offer? Repeat homebuyers are faced with a dilemma: Do they buy first or sell first? If you buy a new home before selling the old one, you could end up owning two homes at considerable expense. However, if you sell your existing home first, you might have to move to an interim rental if you can't...

 

Sat Oct 12 2002
Views: 111


Plan Your Negotiation Strategy in Advance, Determine the Highest Price You're Willing to Pay

Plan Your Negotiation Strategy in Advance, Determine the Highest Price You're Willing to PayPlan Your Negotiation Strategy in Advance, Determine the Highest Price You're Willing to Pay Some people are born negotiators. They'd negotiate the time of day if they had the opportunity. Many people, however, feel uncomfortable negotiating. If you fall in the second camp, think of a home purchase negotiation as a dialogue between you and...

 

Sat Oct 12 2002
Views: 95


Prepared to Make an Offer? Ensure a Successful Transaction and Outcome, Do Your Homework

Prepared to Make an Offer? Ensure a Successful Transaction and Outcome, Do Your HomeworkPrepared to Make an Offer? Ensure a Successful Transaction and Outcome, Do Your Homework Finding a home you like enough to buy is exciting. It can also be frightening. What if you pay too much, or buy a home you end up hating? To ensure a successful home buying experience, do your homework before you make an offer. It's useful to make a..

 

Sat Oct 12 2002
Views: 86


Should You Accept a Backup Offer?

Should You Accept a Backup Offer?Should You Accept a Backup Offer? One buyer suffered through sleepless nights after she accepted backup position on a property she wanted to buy. For days, every time the phone rang, she held her breath in anticipation wondering if this was the call to inform her that she got the house. She didn't get the house and a few months later she...

 

Sat Oct 12 2002
Views: 70


What Are the Essential Elements of a Purchase Agreement?

What Are the Essential Elements of a Purchase Agreement?What Are the Essential Elements of a Purchase Agreement? Making an offer on a home you want to buy is an exciting experience. But no matter how elated you are, be sure to focus your attention on protecting yourself properly in the transaction. To do this, your offer (also called a purchase agreement) should include all the provisions,.

 

Sat Oct 12 2002
Views: 79


What Are the Pros and Cons to Back-Up Offers?

What Are the Pros and Cons to Back-Up Offers?What Are the Pros and Cons to Back-Up Offers? A back-up offer is an offer to buy a home that has already sold to another buyer. If the first deal doesn't go through, the back-up buyers move into primary position and proceeds with the home purchase. It's common to find back up offers in hot markets where several buyers make offers on a...

 

Sat Oct 12 2002
Views: 77


What Contingencies Should I Include in My Offer?

What Contingencies Should I Include in My Offer?What Contingencies Should I Include in My Offer? What a difference a year makes. Last year, sellers called the shots. Buyers paid over the asking price for listings that were in short supply. Multiple offer bidding competitions were common. Buyers not only paid record high prices, they waived the contingencies they would otherwise have...

 

Sat Oct 12 2002
Views: 79


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