Does getting several offers mean you listed your home at too low a price?

Question: “My neighbors just listed their home and I know they got several offers the first week. Do you think that means they should have asked a higher price?” Answer: Not necessarily. Yes, homes that are priced too low usually attract multiple offers.  However, even in today’s “normal” market, you can also get multiple offers
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Accepting Offers from People Who Haven’t Seen Your Home

Question: “My condo is listed for sale and I got an offer from someone who hasn’t even seen it yet. Should I accept it?” Answer: It depends… If you just put your condo on the market, I’d say NO. You don’t want to take it off the market during this prime early time and risk
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Advantages of Cash Offers on San Diego Homes

Question: “Gary, a question. As the seller, what is the difference between a cash offer and one where the buyer gets a mortgage? Essentially, what’s in it for me? Are my closing costs lower with cash?” Answer: Your costs aren’t lower. What’s in it for you is: Your sale is more certain Possibly a shorter
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Is It Legal to Pretend to Have Other Offers?

Question: “My wife and I have our home for sale and just got an offer. My agent said to get the price up, we should basically pretend to have other offers and make something called a multiple counter offer to the buyer. I have a very bad feeling about this and really don’t want to.
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Is an Offer Considered Accepted if It’s After the Expiration?

Question: “I offered on a house and the sellers countered back, giving me 24 hours to respond. I did accept it, but a couple of days after the deadline. I saw the sellers when I had my home inspection and all seemed fine. They even told me they’d leave me the refrigerator, which wasn’t even
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Can Sellers Add a “Cancel if I Get a Better Offer” Clause?

Question: “Since a buyer can inspect a home and cancel for any reason, it’s like having an option to buy the home. As the seller, can I get an option like that so that I can cancel if I get a better offer? If not, how is that fair?” Answer: Literally, yes, you could have
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Can Sellers Cancel a Counter-Offer?

Question: “Gary, I made an offer on a home. The seller sent me a counter offer good for three days, but just two hours later they said they were cancelling it because they were taking another offer. Is that allowed? Aren’t they locked for the three days?” Answer: Sorry to tell you, the seller was
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How Do Homesellers View Contingent Offers?

Question: “My wife and I want to buy a house. We don’t want to list our condo unless we have a house to buy. So we’ll have to buy contingent on selling our condo. How do homesellers look at contingent offers?” Answer: A bit cross-eyed. Homesellers do not love contingent offers because they must wait
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Make Sure Your Home Offers Are Realistic

Question: “I found a fixer-upper house in Del Mar listed at a good price. It needed a lot of repairs, which I took off the price and made an offer. But the seller rejected it. Any advice on how to convince them to take my offer?” Answer: Yes, raise your offer. I could be wrong,
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How Much to Deposit When Making a San Diego Home Offer

Question: “How much is a normal deposit when you make an offer on a house?” Answer: A typical deposit is 1-2% of the purchase price. But just because it’s typical doesn’t necessarily mean it’s the approach you should take. Offering a bigger deposit, say over 2%, is a way of making your offer appear stronger
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