So I told you earlier in the week, my husband and I are in the process of buying a new (to us) home. As a real estate agent, it’s always good to go through the home buying and selling process every so often to remind yourself of some of the fun things that your clients go through each time they buy or sell. No two contracts or experiences are the same, so an agent who knows the ins and outs of it and can do a little empathizing is always a nice thing to have.
So far in our journey we have followed the steps I outlined for you, in a previous blog, to the letter. We are firmly pre-qualified for our loan, we narrowed our search down by what we were looking for and we went out and found the property we want to buy. We went back to the office and wrote up our winning offer and now……. We wait! So normally there is a response time that is added to an offer that states what time the buyers would like to know whether or not you are going to accept their offer or counter offer or if you’ve chosen another offer instead. Once this response time expires, the buyer is no longer bound by their offer. So what happens when they don’t respond to your offer by the designated time?
To answer that question I would probably ask you another question. What do you want to do? If you are so in love with the house that you are willing to wait to hear from them, we would either write an addendum to extend the response time or just sit back and wait for their response. If we had found another house that we liked better, we could then make an offer on that new home and let this one go. As your agent, I would always want to chat with the listing agent to find out what was going on. In our circumstance, the buyer is trying to get details from the builder of their new construction home as to when they are going to finish so that we can write in a good closing date for everyone. We don’t want anyone to be homeless, so it is in our best interest to wait. Most of the time a simple phone call can help answer the questions about the delay and help everyone make better decisions.
If this is the biggest of our challenges in buying a home – well, it’s just not much of a challenge is it. Pretty much guaranteed that there will be something a bit more interesting in the process of buying or selling a home, but for now, you can just follow along with us on our journey to ownership on a new home and glean any little tidbits we can share. As always, we are here to be a resource for you and to help you get all of your real estate related questions answered! Please don’t hesitate to reach out to us via phone, text, or email! Visit our website by clicking here and you can find all our contact information, search for homes that are listed on the MLS, or get a free/instant home valuation to help you determine what your current home might sell for in this market.
Want to see more Gilbert homes listed for under $300,000? Click on any of the pictures or the link below.
Your Red Door Real Estate Team was founded in 2016 by Chelsea Anderson & Katie Evans when they joined forces to take the real estate world by storm! We specialize in traditional residential real estate which means we help sellers sell and buyers buy homes in and around the Phoenix Metropolitan Area.
Your Red Door Real Estate Team is known for helping sellers sell for 99% of list price in only 37 days on average which compared to the average agent nets our sellers 2% more money in less then half the time on the market. What does this mean for you as a Seller? More Money in YOUR pocket!
Our Buyers meet with us too for us to understand their situation and create a custom buying strategy to help them understand current market conditions and how they fit into that market and what opportunities we can create to capitalize on. What does this mean for you as a Buyer? Power! We want to set you up so you can compete with the best qualified buyers to win the contract on your dream home!
This is an unbelievable opportunity to get a home THIS W
"We were so nervous about buying our first home and had no idea about all the rules and regulations involved in the process. Chelsea and Pam put our minds at ease and explained everything to us one step at a time. They are perfect for any first time homeowners who aren’t up to speed on what to expect! We had plenty of interesting and challenging situations arise, and if it wasn’t for Chelsea and Pam, we would have had no clue as to how to handle them. Thank you both for all your support and we couldn’t be happier now that we found our dream home!"