Q - What do I need to do to get my offer accepted?

There is no simple answer to this question. The best advise is to make your offer as simple and clean as possible. The more you ask for the less the seller is going to want to accept your offer. When dealing with a corporate seller (REO, Bank, etc.), realize that they are national or international in some cases. For example, customary charges in your market place may not be customary to the seller.

This is a standard question we receive on every property that has multiple offers on it. This is by far the worse question you can ask. By asking it, you are not acting in the best interest of your client.

1. We do not know what the seller wants to accept.
2. Giving a price would be unfair to the other offers.
3. We have a fiduciary duty to our seller, not your buyer.
4. Do your homework. Check sold comps and active listings.
5. Price is not the only factor sellers use to pick an offer.

    Q - Why do my buyers need to pre-qualify with xyz?

Banks are not in the business of owning property. Most banks price based on either a 30, 90 or 120 marketing strategy. It is in their best interest to know that the buyer is truly qualified to buy the property. The last thing a seller wants is for a property to fall out of escrow due to an unqualified or under qualified buyer. This saves everyone money and time in the end.

Our policy is as follows:

1. All complete offers are submitted the day they are recieved. If an offer is sent durring a weekend day or holiday, it will be sent the following business day. Do not argue with us that banks are open on Saturdays. You are thinking of banking branches.
2. All complete offers are submitted the day they are recieved. If an offer is sent durring a weekend day or holiday, it will be sent the following business day. Do not argue with us that banks are open on Saturdays. You are thinking of banking branches.
3. Incomplete offers will be held until all parts of the offer are recieved. Without a complete package, we are unable to give all of the details to the seller. In instances where the buyer/buyers agent insisted on submitting their offer, the seller rejected the offer instantly.

For the most part properties are sold "As-Is, Where-Is". This means that what you see when you look at the property is what you are buying. Durring the pre-listing period, we update the seller with photos (most of the time over 70 photos are provided), several BPO's and inspections. Durring this time we also give the seller information on the marketability of the property; will it qualify for financing, what repairs are needed, what is the estimated sales price with or without repairs? Don't assume that by submitting an FHA financed offer on a property without appliances and missing flooring that the items will be fixed when an appraiser notes them as a condition to fund a loan.