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Questions About Today’s Real Estate?

Posted by on May 24th, 2012 and filed under Between Friends. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Ask Phyllis!
How to get your offer accepted

Dear Phyllis,
I have been looking at homes for over a year and have made four offers and can’t seem to get a home.  I am not low balling, but making good offers, have a large down payment and am preapproved.  I am feeling very frustrated and nearly ready to give up.  What advice can you offer?
Joe K.

Phyllis Harb is a Realtor® with Prudential California Realty.  She may be contacted at (818) 790-7325 or by email

Phyllis Harb is a Realtor® with Prudential California Realty. She may be contacted at (818) 790-7325 or by email

Dear Joe,
The real estate climate has changed; I have worked with several buyers who took a year (or more) to find the right home.  The fact that you are making offers indicates to me that you are realistic about finding a home.

Patience is a virtue.  Certain price ranges and neighborhoods are highly competitive. When purchasing a home in today’s real estate environment it is critical that you buy one you love.  You may be there for quite some time, and you need to be happy going home at night.   Gone are the days when you can move up in a short period of time.

It seems to me that your issue is getting your offer accepted. Of the four offers you made, why weren’t they accepted?  Was it price? Terms?  Were they all multiple offer situations and the price driven up? You and your Realtor® need to have a sit down and come up with answers and solutions.

When I submit an offer for a client, I ask the seller’s real estate agent questions.  Then I write an offer which meets the seller’s needs to certain key issues such as the duration of escrow and possession.  It is not always about price.  When a homeowner has been in a home for years, it can be very difficult to move and in a multiple offer situation, you might try offering them two weeks to move after closing.  Each situation is unique and your Realtor® needs to ask questions, then the two of you can develop a winning strategy.  Best of luck with your next offer!

Categories: Between Friends

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