In the land of contingencies there are many to choose from. - Such as:
- Contingency to sell your home before you close on another.
Contingent upon buyer obtaining proper financing.
Contingent upon seller to pay X amount toward buyer's closing costs.
Contingent upon a satisfactory home inspection.
Contingent upon the house appraising at purchase price or higher.
Yada, Yada, Yada.......
Many of my buyers are from out of state and make plans in the near future to come check out the listings I have sent them.This all takes a considerable amount of researching both the buyers and the listings to find the perfect home. Usually, they are very excited about visiting our beautiful state.
Local buyers get in the car and get over there fast to check out the property so they can be the first ones to get an offer in. In our area, home sales have only dropped 11% compared to at least a 24% nationwide average. I have still had to present offers in a multiple offer situation this year.
I have one client that closed and moved into a house sight unseen. Only pictures and a few phone calls after I toured the home sufficed for them to write an offer. Nice properties priced right don't stick around.
I do know of an agent that wrote an offer for his client"Contingent upon touring the seller's home". It was newly listed and he knew that numerous agents had called the listing agent to make appointments to view the house that day. His offer was accepted and his client got the house. The other agents didn't have much of a chance. Many of their clients were not prepared to write an offer on the spot without more research.
Many times I have to try to find a replacement house after the out of town buyers get here and the home they were fixated on the Internet so long is already under contract. I'd love to write an offer for them"contingent upon touring the seller's home" if I know it is perfect house for them and they will be here soon.
Hey....did I just wake from a dream? I thought I had found just the perfect house for you...
Disclaimer: The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Lizette Fitzpatrick and Prudential Don Foster Realtors. Lizette Fitzpatrick and Prudential Don Foster Realtors are not responsible for the accuracy or content provided by The Community.
Lizette,
Congratulations on your feature! Whatever works to get the job done! :)
Suzanne - It's the first time it has ever happened. I'm shocked...now I am no longer in stealth.
Jay - That's great! Thanks for the comment!
I have no hesitation selling a house sight unseen. We've sold half dozen of them in the last 5 years or so.
Good job.
I found and bought a condo for my mother-in-law in Akron, Portage Lakes, Ohio. She lived in Phoenix for 45 years and was coming back to family. We closed and paid for this condo, sight unseen; my first one and my mother-in-law to boot! She loved it and is very happy, thank the good lord. Regards all, DavidC, & still loved by my wife!
We sure have all kindes of contingencies. We work through them all with smiles.
Rosemary - I'm lucky to have such wonderful clients.
Sally - You trusted your intution. Thats why it worked out so well for you.
Gary - The good old days are still here...they just don't happen everyday. Thanks for your comment!
Miriam - Good point! The agent showed the home within hours of the offer and I believe it was full price.
Carole - I agree with you on that one. You and I are in tune with our intution too! I hope to have many more like this as the years roll by.
Teri - Yes, it's truly exciting and fun to work with clients that trust me.
Lenn- You've got it going on! It's teriffic that you experience this also!
Leigh - I'm with you on that. Most seller's know it will work out.
David - You sound like you got some good deals there. Thanks for stopping by!
Ron - You have a fantastic attitude. I bet your clients love you!
Lizette,
Ain't life grand, when you can think outside the box? Congrats on the sale... I had a similar situation about 12 yeas ago, when the internet was just up and running... I had a home sell where the buyer bought it from the virtual tour... He DID send his agent over to verify that there was no trick photography, but the first time he even walked on the property was after the closing. We were ALL blown away by this - now it happens alot...
This happened to me with an out of town buyer who didn't find anything and was leaving town when a brand new listing came on the market that wasn't being shown until the following Sunday. I made the offer with the same contingincy. The sellers agent would not even consider the offer until my buyer saw the place. My buyer stayed another day saw the place confirmed the full ask offer all cash. Sellers agent still would not accept the offer. They kept showing and showing shopping our offer until they got another offer and then finally called to see if my buyer would go higher. My buyer was furious and so was I.
In new construction the buyer rarely gets to see the property ..it is not built yet, they buy off a brochure and floor plan. Many of the new developments here don't allow any contingincies.
Patrick - I bet that was quite a moment for you! I hope we can have more of the same.
Brad - I love your contingency. I think I will steal that one to use on my next client offer to make the selling agent's head twirl around and pop off!
Joan - You are such a sweetie!!!!!!!! Thanks!
Judi- One might show up on your doorstep when you least expect it.
Kim- She was smart to trust your judgement. I bet you two are good friends now also.
Donna - That does make sense and I do see how it could be written like that. Great point!
Mitchell - Stuff like that makes me angry too. It's no wonder some agents make us all look bad. Thanks for sharing!!!
Lizetta
I avoid commenting to posts that are esoteric to your profession. It wouldn't be right since I really am an outsider. I'm simply stopping by to congratulate you for the featured post.
Lizette,
Congratulations on being featured. I have to agree that you do have to establish great rapport with a customer for them to buy the property without looking at it first. Personally, it happened 3 times in my career. In all the 3 cases, there was a similar pattern: I knew what buyers wanted and did not want, we had clear lines of communication, and it was a great deal price-wise...
I also closed on a deal this past May with some clients I obtained via the internet from Germany. They happened upon my website and called me up. No one else would return her calls she said. The husband was in the German military for 35 yeares and retiring. I never met the buyers in person (only pictures they sent) and we had 1-2 hour conversations by phone some days. They didn't see the house until after signing a mail-away closing once they entered the states (no contigencies to see it first) I took several pictures of the homes/street views/you name it and they came to trust me. The mortgage broker involved is the best in town too which helped any possible trust issues go away. I got a little anxious the day they were to arrive but they were more than satisfied once they saw their new home....whew! Sooo...It can be done.
The best of luck to you...
Brad - You always bring liquid sunshine to my blog!
Bill - What a great story. I don't blame you for being a little nervous when they finally arrived. Those were some long hours to be on the phone!
Thesa - I'm flattered you will share this idea! I like the name of "preview contingencies".
Rosemary - The dream is alive and well over here! I hope you get to see one too.
Susie- I did take a few extra pics of the street in front both ways and the views from the back deck. I wanted them to see what would be around them. They have turned into good friends and have purchaced an investment duplex since they arrived also.
Adrian - It's cool that some people feel they can actually trust in this day and time. I think people can tell a lot about you if they have good intuition. Yeah...I know not too many areas are still seeing those multiple offers. I like to win on those!!
For those out of town clients, in addition to the photos & videos you take, why not provide some aerial photo links ( so they can zoom in and out and move around) from places such as:
Microsoft Terraserver
Or
Google Map Satellite photos
Is that your car pulling into the driveway, Lizette.
I like the new picture. Reminds me I need to update mine one of these days.