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My husband and I have been car shopping. What a job!
I just love my 2003 Caravan. It’s roomy, easy for clients to get in and out, and has big windows for seeing the gorgeous Valley County scenery. But, she’s getting old and tired and they don’t make new Caravans in all-wheel drive. Thus the search for the right “work truck”.
This car shopping experience has been a great reminder of what it’s like to be a buyer. And a great reminder to me of the difference between being helped and being sold. Turns out I’m not really a fan be “being sold”. We ended up working with a great guy, Al Gunter, at Peterson Toyota. There wasn’t any pressure – just patience and help. And it paid off. Here is a picture of my new rig 🙂
My favorite part of real estate is helping people to navigate the sometimes rocking terrain of both buying and selling. I really don’t sell anything!
I saw it again this week – an extremely disappointed client (Bill) who missed out on a great buy. It was a bank owned house with a listing price just over $97,000. Bill made a full price cash offer and was sure he’d own his dream cabin soon. But the bank received three other offers and came back to each buyer asking for his “highest and best” offer price. We had no idea what the other offers were and Bill was immediately frustrated because “he’d given them exactly what they’d asked for”. I visited with him about his “disappointment price” (we’ll save that for another blog) and he did raise his offer, but not enough to secure his purchase.
Curious, I did some research on bank owned sales. In the first 6 months of 2011 there were 159 homes sold in Valley County. Of the homes sold, 66 (41 percent) were bank owned. Of the 66 bank owned homes, 19 (29 percent) sold for more than the asking price. THAT IS A SIGNIFICANT PERCENTAGE.!
Have you seen the survey markers defining the corners of the property? In your offer you might want to ask the seller to identify the survey pins. If you make your offer contingent upon your satisfaction with the markers, be sure to get out there and verify the locations and boundary measurements before you close.