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Can the Acceptance Date Be a Weekend or Holiday?

Monday, 20 May 2013 by Gary Kent
Question: “My offer was accepted on a weekend.  My lender told me that you always consider the following Monday to be the acceptance date as far as when you start counting how many days you have for inspections and other things.  Is that correct?” Answer: Your lender has an active imagination.  And he’s wrong. Even
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Do “Love Letters” to Home Sellers Work?

Monday, 15 April 2013 by Gary Kent
Question: “I read in the San Diego Union about writing a so-called ‘love letter’ to a seller to convince them to sell you their home. Do those work?” Answer: For many homesellers, it’s all about the price. But you’d be surprised at how many prefer to sell to a homebuyer that they like. It might
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Why Your Higher Home Offer Wasn’t Accepted

Monday, 01 April 2013 by Gary Kent
Question: “Hi Gary. I made an offer on a home and didn’t get it. I know that happens. But I just found out the sale closed and it sold for LESS than what I offered. Obviously I’m upset. The realtor must have done something shady. Who do I report her to?” Answer: I understand your
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Why You Sign the Buyer’s Offer in a Counter-Offer

Tuesday, 12 March 2013 by Gary Kent
Question: [Question from one of my homeseller-clients who is making a counter-offer to an offer we received.] “Gary, I don’t agree to the buyer’s offer. So why am I supposed to sign it when I make a counter-offer?” Answer: Great question! In a legal sense you are rejecting the offer when you make a counter-offer.
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That Offer You Got in the Mail Could Be a Scam

Tuesday, 26 February 2013 by Gary Kent
Question: “I just got a letter in the mail from someone who says he wants to buy my home. I’m a little suspicious. Do you think it’s legit?” Answer: Some are legit, others not. While it could be real, often it’s an investor looking to buy your home way under value. A client called me
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Do Agents Lie & Say There’s a Second Offer?

Monday, 14 January 2013 by Gary Kent
Question: “My wife and I rent and there’s been a house for sale down the street. After driving by it for 4 months, we decided to make an offer. When we did, suddenly the seller’s agent said he had another offer. It seems all too coincidental. How often do agents lie and say there’s a
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Home Offers Aren’t “First Come First Served”

Monday, 29 October 2012 by Gary Kent
Question: [From an agent who sent me the first of several offers I received on a home.] “Can I get something back to acknowledge that we do have our offer in and it is in before any others?” Answer: I’ve been asked this by homebuyers and homesellers. But I was surprised that an AGENT actually
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How to Get Your Offer Accepted Over Cash Buyers

Tuesday, 09 October 2012 by Gary Kent
Question: “My wife and are trying to buy a home, but we’ve lost out to several cash offers. Any ideas for how to get our offer accepted over the cash buyers?” Answer: Here are a few: Offer a higher price (OK, you knew that one) Get full loan approval ahead of time, subject only to
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Can Agents Accept Other Offers Without Countering Yours?

Monday, 01 October 2012 by Gary Kent
Question: “I made a decent offer on a condo and didn’t even get a counter offer to see if I’d go up. They just accepted another offer. Is that ethical?” Answer: It’s most likely ethical. There are some cases where the seller’s agent ignores other offers so he can get his own offer accepted and
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The Downsides of Low Offers

Tuesday, 11 October 2011 by Gary Kent
“Want to get your opinion. We want to buy a home. What’s the downside to making a low offer to see what the seller will take?” Answer: Great question. But what do you call a “low offer”? I’d call an offer within 5% of the market value an “okay offer.” The only downside is you
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