Its little wonder that Dallas-Fort Worth is such an inviting place to live and why so many families are attracted to the area. The local economy is booming, with affordable median home prices and job growth second only to New York. The Metroplex is currently ranked as the #1 growth market in the U.S.
The strength and stability of the local DFW economy is based in its diversity. The area is home to a wide range of industries, from transportation, technology, trade, aviation, oil and gas and advanced services, providing startup and relocating companies with a favorable business environment where they can flourish and prosper
Showing posts with label deals. Show all posts
Showing posts with label deals. Show all posts
Wednesday, June 25, 2008
Tuesday, May 27, 2008
Marketing your listings
When you interview your next agent to sell your home, it is imperative that you ask them how extensive their marketing program will be. A comprehensive marketing plan will include direct mail, print advertising, signage, latest technology utilizations and most important extensive online marketing packages.
To see an award winning home selling marketing plan, call J.J. today. His 180 point marketing campagin has been successful in selling millions of dollars in listings.
To see an award winning home selling marketing plan, call J.J. today. His 180 point marketing campagin has been successful in selling millions of dollars in listings.
Monday, April 28, 2008
The Value of Successful Home Staging
The Value of Successful Home Staging
by Debra Allen
Have you ever walked into a beautifully decorated model home and been captivated by it? Did you find yourself dreaming of bathing in that spa-like bathroom, cooking meals in the gourmet kitchen or curling up with a book in that luxurious reading nook? If so, then you have been the successful target of the secret weapon called staging.
As a real estate agent, you know that staging your real estate listings will result in a faster and more profitable sale, but who can you trust to manage this important process for you.
You want the best possible price for your home, but do not want to pay more than your return to achieve this. You need expert and objective home staging guidance that comes from experience and a highly trained eye in order to compete in a buyers market. What you seek is the experience of an Accredited Staging ProfessionalTM (ASPTM).
Staging can entail simple tasks like removing clutter. Clutter eats equity. Stagers aren't maids or house-cleaners; they don't do repairs or paint. Rather they create a neutral, harmonious, spacious, and beautiful environment. They often set tables for dinner so that a prospective buyer can envision themselves in the property having a family dinner.
Think of staging like detailing a car. A smart auto seller would detail a car before selling it to add value. That's precisely what staging can do for a house. As a REALTOR®, I think that staging helps; it makes the property stand out. In turn, good staging can determine which properties sell fast and which do not. It is no longer a market where staging helps the property sell for more. In today's market, it enables the property to have more potential of selling at all. It's a buyer's market, so make your home stand out by creating a sophisticated ambiance.
While some sellers may be hesitant to spend more money on staging in a down market, this is the winning way to get a property sold; and often for a higher asking price.
Professional stagers can see your house as buyers will, and they'll set the scene so that buyers can imagine living there. They're likely to simplify or streamline the furniture in a room for better traffic flow and to enhance its spaciousness. They may neutralize a too-personal color scheme or add touches of color or accessories where needed. In vacant homes that feel cold and lack visual landmarks, stagers often bring in rental furniture to create warmth. This helps Buyers mentally move in and feel that when it's time for them to move in, thy will be able to kick back and relax.
REALTORS® and sellers can hire stagers by the hour or the room. Homeowners typically pay from $200 to $3,000 depending on the level of service required. But the pay-off in time saved and higher sales price can be nice. If all your listings looked like model homes, do you think you'd have an easier time selling them? And do you think they might command a higher selling price? Statistics show this to be true.
Buying a house is largely an emotional decision because people are not just purchasing a home; they are buying a dream ... a lifestyle. If you can help them with their vision so they don't have to rely completely on their imagination, you positively impact how they feel in the home, which will be reflected in the sales price and number of offers you receive. All human beings want comfort, excitement, prestige and love, and all these are at work in the psychology of the home purchase. Effective staging maximizes those feelings, creating an atmosphere that makes people want to linger and imagine themselves living in the space. Ultimately, staging creates a home the prospective buyer will not be able to live without.
People today have busy lives, they want to walk in and look at a home and say, "This is mine. I can move into this home without doing anything."
Published: February 27, 2008
Born in Bremen, Germany, Debra Allen brings a unique international perspective to the Arizona real estate market.
In just three years with Prudential Arizona Properties, one of the fastest growing real estate firms in the U.S., Debra has distinguished herself from the pack. An outstanding professional, Debra is committed to attaining the highest levels of education and real estate specific training. Her industry designations include the following: ABR (Accredited Buyer Representative), GRI (Graduate, Real Estate Institute), ASP (Accredited Staging Professional), Relocation Specialist, and the e-Pro (Internet Real Estate Professional) designation awarded by the National Association of Realtors®.
Her access to professionals around the world has led Debra to be a Multi Million Dollar Producer since 2004, averaging $3.8 million in sales annually and anticipating lucrative business opportunities in a shifting market. Prudential Arizona Properties recognizes that it has a "winner" in Debra. As such, the company recently awarded Debra for her sales performance and client service in 2006.
by Debra Allen
Have you ever walked into a beautifully decorated model home and been captivated by it? Did you find yourself dreaming of bathing in that spa-like bathroom, cooking meals in the gourmet kitchen or curling up with a book in that luxurious reading nook? If so, then you have been the successful target of the secret weapon called staging.
As a real estate agent, you know that staging your real estate listings will result in a faster and more profitable sale, but who can you trust to manage this important process for you.
You want the best possible price for your home, but do not want to pay more than your return to achieve this. You need expert and objective home staging guidance that comes from experience and a highly trained eye in order to compete in a buyers market. What you seek is the experience of an Accredited Staging ProfessionalTM (ASPTM).
Staging can entail simple tasks like removing clutter. Clutter eats equity. Stagers aren't maids or house-cleaners; they don't do repairs or paint. Rather they create a neutral, harmonious, spacious, and beautiful environment. They often set tables for dinner so that a prospective buyer can envision themselves in the property having a family dinner.
Think of staging like detailing a car. A smart auto seller would detail a car before selling it to add value. That's precisely what staging can do for a house. As a REALTOR®, I think that staging helps; it makes the property stand out. In turn, good staging can determine which properties sell fast and which do not. It is no longer a market where staging helps the property sell for more. In today's market, it enables the property to have more potential of selling at all. It's a buyer's market, so make your home stand out by creating a sophisticated ambiance.
While some sellers may be hesitant to spend more money on staging in a down market, this is the winning way to get a property sold; and often for a higher asking price.
Professional stagers can see your house as buyers will, and they'll set the scene so that buyers can imagine living there. They're likely to simplify or streamline the furniture in a room for better traffic flow and to enhance its spaciousness. They may neutralize a too-personal color scheme or add touches of color or accessories where needed. In vacant homes that feel cold and lack visual landmarks, stagers often bring in rental furniture to create warmth. This helps Buyers mentally move in and feel that when it's time for them to move in, thy will be able to kick back and relax.
REALTORS® and sellers can hire stagers by the hour or the room. Homeowners typically pay from $200 to $3,000 depending on the level of service required. But the pay-off in time saved and higher sales price can be nice. If all your listings looked like model homes, do you think you'd have an easier time selling them? And do you think they might command a higher selling price? Statistics show this to be true.
Buying a house is largely an emotional decision because people are not just purchasing a home; they are buying a dream ... a lifestyle. If you can help them with their vision so they don't have to rely completely on their imagination, you positively impact how they feel in the home, which will be reflected in the sales price and number of offers you receive. All human beings want comfort, excitement, prestige and love, and all these are at work in the psychology of the home purchase. Effective staging maximizes those feelings, creating an atmosphere that makes people want to linger and imagine themselves living in the space. Ultimately, staging creates a home the prospective buyer will not be able to live without.
People today have busy lives, they want to walk in and look at a home and say, "This is mine. I can move into this home without doing anything."
Published: February 27, 2008
Born in Bremen, Germany, Debra Allen brings a unique international perspective to the Arizona real estate market.
In just three years with Prudential Arizona Properties, one of the fastest growing real estate firms in the U.S., Debra has distinguished herself from the pack. An outstanding professional, Debra is committed to attaining the highest levels of education and real estate specific training. Her industry designations include the following: ABR (Accredited Buyer Representative), GRI (Graduate, Real Estate Institute), ASP (Accredited Staging Professional), Relocation Specialist, and the e-Pro (Internet Real Estate Professional) designation awarded by the National Association of Realtors®.
Her access to professionals around the world has led Debra to be a Multi Million Dollar Producer since 2004, averaging $3.8 million in sales annually and anticipating lucrative business opportunities in a shifting market. Prudential Arizona Properties recognizes that it has a "winner" in Debra. As such, the company recently awarded Debra for her sales performance and client service in 2006.
Saturday, April 19, 2008
Average Joe Still Can't Afford a House
Article attributed to Bankrate.com
Between 2000 and mid-2007, the median home price soared 64.9% to $229,200. The median income, meantime, rose just 16.6%. For would-be buyers, the math doesn't work.
One of the worst things about today's real estate market is that there doesn't seem to be any silver lining in that big black cloud.
Normally, you'd think dramatically falling prices would make homeownership possible for more moderate-income families.
But even with homes more affordable, the median price in many markets is still out of reach for a median-income family, according to "Paycheck to Paycheck: Wages and the Cost of Housing in America," a study by the Center for Housing Policy, or CHP, in Washington, D.C.
Comparing housing costs in 210 metropolitan areas with the wages earned by workers in 60 occupations, the study found that homeownership is often unaffordable for workers in each of the five-fastest growing occupations -- registered nurses, retail salespeople, customer-service representatives, food-preparation workers and office clerks. Registered nurses, who typically have high salaries, were unable to purchase a median-priced home in 108 of the markets.
"Even with the housing downturn, the drop in prices still just isn't enough for many workers in traditional backbone occupations to afford houses," says Rebecca Cohen, a CHP research associate.
In many parts of the country, housing increases have outpaced wage growth for almost a decade. Census data released in 2006 revealed that between 2000 and 2005, the burden of housing costs grew sharply.
The Housing Affordability Index measures the cost of housing against median family income. The National Association of Realtors, or NAR, which calculates the index, considers that the typical family makes enough money to buy the typical used home, assuming a 20% down payment and a traditional 30-year mortgage.
In 2000, the NAR pegged the index at 129.2, meaning the typical family had 129% of the income necessary to pay for the typical used house. That figure dropped to 104.9 in June 2007, even though the 2000 median family income of $50,732 rose to $59,157 during the period.
That's because the median price of a home in 2000 was $139,000, but by June 2007 prices peaked at a whopping $229,200. In those seven years, the median price of homes increased 64.9%, while median incomes rose just 16.6%.
Between 2000 and mid-2007, the median home price soared 64.9% to $229,200. The median income, meantime, rose just 16.6%. For would-be buyers, the math doesn't work.
One of the worst things about today's real estate market is that there doesn't seem to be any silver lining in that big black cloud.
Normally, you'd think dramatically falling prices would make homeownership possible for more moderate-income families.
But even with homes more affordable, the median price in many markets is still out of reach for a median-income family, according to "Paycheck to Paycheck: Wages and the Cost of Housing in America," a study by the Center for Housing Policy, or CHP, in Washington, D.C.
Comparing housing costs in 210 metropolitan areas with the wages earned by workers in 60 occupations, the study found that homeownership is often unaffordable for workers in each of the five-fastest growing occupations -- registered nurses, retail salespeople, customer-service representatives, food-preparation workers and office clerks. Registered nurses, who typically have high salaries, were unable to purchase a median-priced home in 108 of the markets.
"Even with the housing downturn, the drop in prices still just isn't enough for many workers in traditional backbone occupations to afford houses," says Rebecca Cohen, a CHP research associate.
In many parts of the country, housing increases have outpaced wage growth for almost a decade. Census data released in 2006 revealed that between 2000 and 2005, the burden of housing costs grew sharply.
The Housing Affordability Index measures the cost of housing against median family income. The National Association of Realtors, or NAR, which calculates the index, considers that the typical family makes enough money to buy the typical used home, assuming a 20% down payment and a traditional 30-year mortgage.
In 2000, the NAR pegged the index at 129.2, meaning the typical family had 129% of the income necessary to pay for the typical used house. That figure dropped to 104.9 in June 2007, even though the 2000 median family income of $50,732 rose to $59,157 during the period.
That's because the median price of a home in 2000 was $139,000, but by June 2007 prices peaked at a whopping $229,200. In those seven years, the median price of homes increased 64.9%, while median incomes rose just 16.6%.
Monday, March 31, 2008
This is the best week.....
This week is the best week to get your home on the market. It is going to be a very competitive selling environment this selling season. It is important to be one of the first in your neighborhood to get your house on the market.
Call my office today, to get a free copy of my real estate report, "Home Buyers; How To Sell Your Home For the Highest Price Possible".
Call my office today, to get a free copy of my real estate report, "Home Buyers; How To Sell Your Home For the Highest Price Possible".
Thursday, February 21, 2008
Homebuild negotiations
People don't realize that homebuilders do not tell the general public about specials that Realtors know about. When a builder rep sees a family or individual come into their model homes without a Real Estate Agent they smell blood.
Not to say they are unethical in any way. They are just doing their job. That job is to protect the interests of the homebuilder. Get the homebuilder the most for their home. Your Realtors job is to protect your interests and not the builders.
Realtor comissions on a new construction are paid out of a builders marketing fund, NOT added to the price of the home.
Not to say they are unethical in any way. They are just doing their job. That job is to protect the interests of the homebuilder. Get the homebuilder the most for their home. Your Realtors job is to protect your interests and not the builders.
Realtor comissions on a new construction are paid out of a builders marketing fund, NOT added to the price of the home.
Tuesday, February 12, 2008
Coppell
One of DFW's most desierable areas is Coppell. A strong school district coupled with strong resale values has made Coppell one of the areas most desired neighborhood.
Wednesday, January 30, 2008
Sellers: To make repairs or offer credits...
Sellers who anticipate losing money if they sell their home may wonder why they should spend a dime fixing the place up for sale. Isn't this throwing good money after bad? Even sellers with plenty of equity in their homes often figure the way to get the most out of the sale is to cut sale costs to a minimum.
This attitude is directly contrary to the notion that the way to make the most money on the sale of a home is by pricing the property appropriately for the market, and by making cost-effective improvements that will result in a higher sale price in a shorter time.
Job applicants don't show up for an important interview in tattered old clothes if they want to make a good impression, particularly if there were plenty of other qualified applicants. Likewise, if you wanted to get top dollar from the sale of a car you would have the car detailed so that it looked its best. The same principal applies to selling single-family homes.
Today, many housing markets have plenty of homes for sale and far too few buyers. For years, buyers competed with one another in order to buy a house. Now, in general, sellers are being forced to compete with other sellers in order to get their home sold.
Consider the competitive nature of the market when deciding if you're going to improve your home before selling it, and how much you'll invest. Keep in mind that the point of fixing up a home to sell is to maximize your return from the sale. Don't waste money on improvements that have little or no value to buyers.
This attitude is directly contrary to the notion that the way to make the most money on the sale of a home is by pricing the property appropriately for the market, and by making cost-effective improvements that will result in a higher sale price in a shorter time.
Job applicants don't show up for an important interview in tattered old clothes if they want to make a good impression, particularly if there were plenty of other qualified applicants. Likewise, if you wanted to get top dollar from the sale of a car you would have the car detailed so that it looked its best. The same principal applies to selling single-family homes.
Today, many housing markets have plenty of homes for sale and far too few buyers. For years, buyers competed with one another in order to buy a house. Now, in general, sellers are being forced to compete with other sellers in order to get their home sold.
Consider the competitive nature of the market when deciding if you're going to improve your home before selling it, and how much you'll invest. Keep in mind that the point of fixing up a home to sell is to maximize your return from the sale. Don't waste money on improvements that have little or no value to buyers.
Monday, January 28, 2008
Big gains for overnight real estate rates
30-year fixed rate at 5.42%; 10-year Treasury yield at 3.71%
Friday, January 25, 2008
Inman News
Long-term mortgage interest rates rose sharply Thursday, and the benchmark 10-year Treasury bond yield gained to 3.71 percent.
The 30-year fixed-rate average jumped to 5.42 percent, and the 15-year fixed rate climbed to 4.89 percent. The 1-year adjustable rate gained to 5.17 percent.
The 30-year Treasury bond yield was up at 4.39 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.
Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.
In other economic news, the Dow Jones Industrial Average rose 108.44 points, or 0.88 percent, finishing at 12,378.61. The Nasdaq jumped 44.51 points, or 1.92 percent, closing at 2,360.92.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
***
Friday, January 25, 2008
Inman News
Long-term mortgage interest rates rose sharply Thursday, and the benchmark 10-year Treasury bond yield gained to 3.71 percent.
The 30-year fixed-rate average jumped to 5.42 percent, and the 15-year fixed rate climbed to 4.89 percent. The 1-year adjustable rate gained to 5.17 percent.
The 30-year Treasury bond yield was up at 4.39 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.
Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.
In other economic news, the Dow Jones Industrial Average rose 108.44 points, or 0.88 percent, finishing at 12,378.61. The Nasdaq jumped 44.51 points, or 1.92 percent, closing at 2,360.92.
Stock figures are current as of 7:30 p.m. Eastern Standard Time.
***
Wednesday, January 23, 2008
Refi applications climb 16.9%
Refi applications climb 16.9%
Lower rates fuel rush, but tighter credit could deny many
Wednesday, January 23, 2008
Inman News
Applications for home loan refinancings jumped by double digits last week as interest rates continued to fall, the Mortgage Bankers Association reported today.
The group's market composite index, a measure of home loan application volume, got an 8.3 percent boost last week on a seasonally adjusted basis from the second week of January as refinance applications climbed 16.9 percent during the period. Filings for purchase loans, however, fell 4.6 percent, MBA reported.
Since the beginning of November 2007, refinance applications have risen 92 percent and purchase-loan applications are up 7 percent, according to Jay Brinkmann, MBA's vice president of research and economics. "With tighter credit conditions we do not know how many of these applications will become loans, but it is clear that borrowers are responding to the 40- to 80-basis-point drop in rates we have seen since Nov. 2 across products."
Borrowing costs on all loan products sank again last week, as the average contract interest rate on 30-year fixed-rate mortgages fell to 5.49 percent from 5.62 percent; the average rate on 15-year fixed loans dropped to 4.96 percent from 5.07 percent; and average rates on the one-year adjustable-rate mortgage (ARM) tumbled to 5.51 percent from 5.77 percent.
Points, or loan-processing fees expressed as a percent of the total loan amount, averaged 1.07 on the 30-year loans, 1.22 on the 15-year, and 1.01 on one-year ARMs. These points include the origination fee and are based on loan-to-value ratios of 80 percent.
According to MBA, the refinance share of applications increased to 66 percent last week from 62.7 percent the previous week, and the ARM share grew to 9.3 percent from 9.2 percent.
The Mortgage Bankers Association survey covers approximately 50 percent of all U.S. retail residential mortgage originations, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts.
Lower rates fuel rush, but tighter credit could deny many
Wednesday, January 23, 2008
Inman News
Applications for home loan refinancings jumped by double digits last week as interest rates continued to fall, the Mortgage Bankers Association reported today.
The group's market composite index, a measure of home loan application volume, got an 8.3 percent boost last week on a seasonally adjusted basis from the second week of January as refinance applications climbed 16.9 percent during the period. Filings for purchase loans, however, fell 4.6 percent, MBA reported.
Since the beginning of November 2007, refinance applications have risen 92 percent and purchase-loan applications are up 7 percent, according to Jay Brinkmann, MBA's vice president of research and economics. "With tighter credit conditions we do not know how many of these applications will become loans, but it is clear that borrowers are responding to the 40- to 80-basis-point drop in rates we have seen since Nov. 2 across products."
Borrowing costs on all loan products sank again last week, as the average contract interest rate on 30-year fixed-rate mortgages fell to 5.49 percent from 5.62 percent; the average rate on 15-year fixed loans dropped to 4.96 percent from 5.07 percent; and average rates on the one-year adjustable-rate mortgage (ARM) tumbled to 5.51 percent from 5.77 percent.
Points, or loan-processing fees expressed as a percent of the total loan amount, averaged 1.07 on the 30-year loans, 1.22 on the 15-year, and 1.01 on one-year ARMs. These points include the origination fee and are based on loan-to-value ratios of 80 percent.
According to MBA, the refinance share of applications increased to 66 percent last week from 62.7 percent the previous week, and the ARM share grew to 9.3 percent from 9.2 percent.
The Mortgage Bankers Association survey covers approximately 50 percent of all U.S. retail residential mortgage originations, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts.
Friday, January 18, 2008
Shh! Don't tell anyone....this is our secret!
Local builder announces their intent to leave Texas
An area home builder has announced their intent to withdraw their homebuilding venutres in the State of Texas.
With these plans, the homebuilder is having a blow out "fire sale" to get all their inventory sold within the next 30 days.
This is great news for local buyers who can capitalize on instant equity. Homes with hard surface counter tops, ceramic tiles, stainless appliances and large and open floorplans are up for sale at drastic discounts.
In one instance, there was a 2700 sf home listed at $240k sold to a lucky buyer for only $170k. Don't miss out on this great opportunity. Call 972-254-2011 for more information.
Thursday, January 17, 2008
Sellers: Prepare to negotiate
The dream scenario for someone selling his or her home is a long line of prospective buyers shouting at the top of their lungs in a protracted bidding war for the home. Unfortunately, that rarely happens. Since the odds are against that taking place, it is best to have a firm grip on what you will consider an acceptable offer for your home.
Here are some questions to ask when evaluating offers:
Is the offer at or near the asking price? Is the offer above the asking price?
Has the buyer included money-eating discounts and costs in the fine print of the offer?
What are the alternatives to the buyer's offer?
Is there time to wait for other offers?
What if no other offers are received?
What if several offers are received?
The best way to sort through the questions is to rely on the advice of a real estate professional, someone who is familiar with the market and the factors that influence it.
Buyers (and sellers) have three choices in any proposed real estate transaction:
No thanks
I'll take it
I'm interested, but here's my offer.
The third choice, the one most frequently used, will initiate a series of counteroffers between the buyer and seller. A counteroffer is nothing more than a new offer. Negotiating is a natural part of any real estate deal. Unlike traditional negotiations, there should not be a "winner" or "loser" in the process. Both sides need to be ready to compromise. Remember, it's not winner take all, and a seller should not take personally any comments made by a buyer. It's just business, pure and simple.
Buyers should be treated with respect, and homeowners should never lose sight of their best interest or their baseline transaction requirement, the standards unique to each owner and which must be met for the home to be sold.
You want your home to attract multiple offers, giving you some flexibility when it comes to choosing a buyer. It is important if you use a real estate agent to make sure your listing agreement provides that your home be included in the Multiple Listing Service (MLS) within 24 hours.
A buyer is not obligated to accept the highest offer. You might want to sell to a better-qualified buyer or seek more attractive terms.
You are free to counter as many offers as you want, but experts advise caution. If you accidentally accept more than one offer, you'll legally be obligated to sell the home to two buyers. Experts advise using a standard counteroffer form that stipulates the counteroffer isn't accepted until the buyer signs it and you accept it.
Here are some questions to ask when evaluating offers:
Is the offer at or near the asking price? Is the offer above the asking price?
Has the buyer included money-eating discounts and costs in the fine print of the offer?
What are the alternatives to the buyer's offer?
Is there time to wait for other offers?
What if no other offers are received?
What if several offers are received?
The best way to sort through the questions is to rely on the advice of a real estate professional, someone who is familiar with the market and the factors that influence it.
Buyers (and sellers) have three choices in any proposed real estate transaction:
No thanks
I'll take it
I'm interested, but here's my offer.
The third choice, the one most frequently used, will initiate a series of counteroffers between the buyer and seller. A counteroffer is nothing more than a new offer. Negotiating is a natural part of any real estate deal. Unlike traditional negotiations, there should not be a "winner" or "loser" in the process. Both sides need to be ready to compromise. Remember, it's not winner take all, and a seller should not take personally any comments made by a buyer. It's just business, pure and simple.
Buyers should be treated with respect, and homeowners should never lose sight of their best interest or their baseline transaction requirement, the standards unique to each owner and which must be met for the home to be sold.
You want your home to attract multiple offers, giving you some flexibility when it comes to choosing a buyer. It is important if you use a real estate agent to make sure your listing agreement provides that your home be included in the Multiple Listing Service (MLS) within 24 hours.
A buyer is not obligated to accept the highest offer. You might want to sell to a better-qualified buyer or seek more attractive terms.
You are free to counter as many offers as you want, but experts advise caution. If you accidentally accept more than one offer, you'll legally be obligated to sell the home to two buyers. Experts advise using a standard counteroffer form that stipulates the counteroffer isn't accepted until the buyer signs it and you accept it.
Friday, January 4, 2008
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