Offer Submitted | The Waiting
by Osman Parvez
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Our first offer for 2018 was submitted last night. It’s on a very attractive fresh listing and multiple offers are on the table. Right now, the listing agent is going through the offers and comparing them to each other. Our offer is strong. We’ve followed up to see if there were any questions or concerns. At this moment, we don’t have anything to do but to wait for a response.
It’s common that the offer prices will come in very close to each other, which means “soft” factors come into play. If one of the offers is cash, that’s usually the winner, but some cash buyers try to low-ball which can sway the deal. Agent reputation definitely matters and we have a very good one in the Boulder real estate community. Many sellers will give up a little cash to offer the house to an end-user instead of an investor, which is why we include a personal note.
After review, the listing agent will almost certainly recommend one of the offers over others, and most likely there will be no counter, just an acceptance. Many of our clients are surprised by this, but it occurs to maintain deal momentum. Protracted negotiations are rare, especially with multiple offers and high volume Realtors. However, if a counter is presented, it will most likely be verbal and we won’t have much time to react.
We’ve advised our clients to sit tight and enjoy the warm weather in Boulder today. We’ll be in touch as soon as we hear anything. In the meantime, we can enjoy the late, great Tom Petty.
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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Testimonials
We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.
Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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