Will The Seller Take $XXXXX.00 For This House?
I get this a lot. Birmingham home buyers and their birmingham real estate agents will often verbally ask if a seller will accept a certain amount for a home that is listed in the Birmingham MLS. Not to be mean or discouraging, my answer is always the same “well I don’t know but if you could put it on paper, I’ll be sure to present it to the seller.”
While it is true that real estate contracts must be in writing, I’m of the opinion that every offer and counter offer should be in writing as well. It’s just good business practice and eliminates or greatly reduces the chances of a miscommunication.
People often take for granted that a home is listed at a price that is higher than what the seller is willing to accept. Sometimes that is true but it varies. The fact is, there are homes for sale that are properly priced and the seller expects that the home will sell for that amount. But again, you just never know until a “complete” offer is submitted.
Even sellers often think that price is the be all end all of an offer, but there are other things to consider such as:
- Is the seller expected to pay any of buyer’s closing cost
- Desired closing date
- Contingencies (inspections, sell of a home, etc)
- Financing terms
- Is it a foreclosure or short sale
- Will there be repair request
- Many more to consider other than just price
- Buyer’s agents if you’ve ever listed a home before you know that verbally asking what a seller will or will not accept generally will not garner you a yes or no answer.
Buyers if you are serious about purchasing a particular home, please have your agent submit a complete offer in writing. Have your agent submit a complete offer in writing.
Birmingham-Hoover Metro Area Rental and Real Estate
I, Charita Cadenhead, am a trusted and competent Realtor®. Bham WIiRE Realty is a small fish in a big pond, but we can swim with the best of them. By continually sharpening my skills and remaining dedicated to my craft, you can trust and believe that every client, without exception, gets the very best service that I have to offer (before, during and after the sale). And that, without compromise, is Bham WIiRE Realty’s promise to you.
Whether you’re looking to buy real estate your sell your existing property, call or send me and email today, so we can discuss how I can best serve your Birmingham-Hoover Metro area real estate needs!
You’ve Got Options!
Charita H. Cadenhead
Bham WIiRE Realty, LLC
(205) 321-1200 – Office
(205) 527-1112 – Direct
(888) 371-8221- Fax