Comments on: Selling Real Estate In A Buyers’ Market? Here’s How To Turn The Tables http://bawldguy.com/selling-real-estate-in-a-buyers-market-heres-how-to-turn-the-tables/?utm_source=rss&utm_medium=rss&utm_campaign=selling-real-estate-in-a-buyers-market-heres-how-to-turn-the-tables Real Estate Investing Through Purposeful Planning Sun, 20 May 2012 02:11:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: BawldGuy http://bawldguy.com/selling-real-estate-in-a-buyers-market-heres-how-to-turn-the-tables/#comment-3699 BawldGuy Sat, 16 May 2009 17:10:39 +0000 http://www.bawldguy.com/?p=2505#comment-3699 Ah, variations on a theme. I've done the same thing dozens of times. Dad used to call it the 'Put up or shut up clause'. :) Ah, variations on a theme. I’ve done the same thing dozens of times. Dad used to call it the ‘Put up or shut up clause’. :)

]]> By: Thesa Chambers http://bawldguy.com/selling-real-estate-in-a-buyers-market-heres-how-to-turn-the-tables/#comment-3698 Thesa Chambers Sat, 16 May 2009 06:16:05 +0000 http://www.bawldguy.com/?p=2505#comment-3698 I have not tried this in the current market - I did regularly practice this during the better times. Every time the buyer went for it... and I must admit there was many times the transaction did not close - and the seller kept the funds... and a couple times the Earnest money exceeded $20k. I have also asked for additional earnest money to be deposited and released non-refundable for an extension... just another thought to this great post. I have not tried this in the current market – I did regularly practice this during the better times. Every time the buyer went for it… and I must admit there was many times the transaction did not close – and the seller kept the funds… and a couple times the Earnest money exceeded $20k. I have also asked for additional earnest money to be deposited and released non-refundable for an extension… just another thought to this great post.

]]> By: Guest Post - Being a Seller in a Buyer’s Market at tvanderwell on SmartHippo.com http://bawldguy.com/selling-real-estate-in-a-buyers-market-heres-how-to-turn-the-tables/#comment-3697 Guest Post - Being a Seller in a Buyer’s Market at tvanderwell on SmartHippo.com Wed, 29 Apr 2009 06:49:26 +0000 http://www.bawldguy.com/?p=2505#comment-3697 [...] Selling Real Estate In A Buyers’ Market? Here’s How To Turn The Tables · BawldGuy Talking Disclosure: In order to avoid hurt feelings I’ve taken some liberty with some of the facts of the example used. These changes are insignificant as they relate to the main theme. They’re required, in my judgment so as to protect the privacy of others. You’re free to continue reading now. [...] [...] Selling Real Estate In A Buyers’ Market? Here’s How To Turn The Tables · BawldGuy Talking Disclosure: In order to avoid hurt feelings I’ve taken some liberty with some of the facts of the example used. These changes are insignificant as they relate to the main theme. They’re required, in my judgment so as to protect the privacy of others. You’re free to continue reading now. [...]

]]> By: Straight Talk About Mortgages and Real Estate : Guest Post - Being a Seller in a Buyer’s Market http://bawldguy.com/selling-real-estate-in-a-buyers-market-heres-how-to-turn-the-tables/#comment-3696 Straight Talk About Mortgages and Real Estate : Guest Post - Being a Seller in a Buyer’s Market Wed, 29 Apr 2009 01:47:53 +0000 http://www.bawldguy.com/?p=2505#comment-3696 [...] Selling Real Estate In A Buyers’ Market? Here’s How To Turn The Tables · BawldGuy Talking Disclosure: In order to avoid hurt feelings I’ve taken some liberty with some of the facts of the example used. These changes are insignificant as they relate to the main theme. They’re required, in my judgment so as to protect the privacy of others. You’re free to continue reading now. [...] [...] Selling Real Estate In A Buyers’ Market? Here’s How To Turn The Tables · BawldGuy Talking Disclosure: In order to avoid hurt feelings I’ve taken some liberty with some of the facts of the example used. These changes are insignificant as they relate to the main theme. They’re required, in my judgment so as to protect the privacy of others. You’re free to continue reading now. [...]

]]> By: BawldGuy http://bawldguy.com/selling-real-estate-in-a-buyers-market-heres-how-to-turn-the-tables/#comment-3695 BawldGuy Tue, 21 Apr 2009 16:39:05 +0000 http://www.bawldguy.com/?p=2505#comment-3695 Hey Dan, good to see you here. No offense taken. Notice the post said the property should (better be?) nearing perfection, or at least offer something that would increase relative demand. The buyer's agent? Not sure I'd argue much with your point -- in general. This buyer had been lookin' for awhile apparently. His agent was a six year veteran. It wasn't difficult to get him to agree, nor his client. Hey Dan, good to see you here. No offense taken.

Notice the post said the property should (better be?) nearing perfection, or at least offer something that would increase relative demand.

The buyer’s agent? Not sure I’d argue much with your point — in general. This buyer had been lookin’ for awhile apparently. His agent was a six year veteran. It wasn’t difficult to get him to agree, nor his client.

]]> By: Another Investor http://bawldguy.com/selling-real-estate-in-a-buyers-market-heres-how-to-turn-the-tables/#comment-3694 Another Investor Tue, 21 Apr 2009 14:18:05 +0000 http://www.bawldguy.com/?p=2505#comment-3694 Ironically, in a seller's market no one even thinks to ask for a large amount of hard earnest money. It becomes important when the lister wants to make sure the deal will close. Otherwise the client is tied up in a possibly declining market and could have nothing to show for it after 30 or 45 days. The new trend in foreclosures in Phoenix is for lenders (or more likely listing agents, because the demand is by agent not by bank) to insist on 10 percent earnest money on cash offers. It's non-refundable after the inspection period expires. Keeps those fickle investors from running to a better deal when one pops up. Keeps some buyers' agents' middle fingers permanently raised, too. Ironically, in a seller’s market no one even thinks to ask for a large amount of hard earnest money. It becomes important when the lister wants to make sure the deal will close. Otherwise the client is tied up in a possibly declining market and could have nothing to show for it after 30 or 45 days.

The new trend in foreclosures in Phoenix is for lenders (or more likely listing agents, because the demand is by agent not by bank) to insist on 10 percent earnest money on cash offers. It’s non-refundable after the inspection period expires. Keeps those fickle investors from running to a better deal when one pops up. Keeps some buyers’ agents’ middle fingers permanently raised, too.

]]> By: Dan Connolly http://bawldguy.com/selling-real-estate-in-a-buyers-market-heres-how-to-turn-the-tables/#comment-3693 Dan Connolly Tue, 21 Apr 2009 13:58:43 +0000 http://www.bawldguy.com/?p=2505#comment-3693 No offense Intended, but doesn't this only work with buyer's agents that don't actually represent their clients best interest? I would think they would be either brand new, or totally unethical. Who doesn't know that something might not appraise? No offense Intended, but doesn’t this only work with buyer’s agents that don’t actually represent their clients best interest? I would think they would be either brand new, or totally unethical. Who doesn’t know that something might not appraise?

]]> By: Joshua http://bawldguy.com/selling-real-estate-in-a-buyers-market-heres-how-to-turn-the-tables/#comment-3692 Joshua Tue, 21 Apr 2009 12:58:38 +0000 http://www.bawldguy.com/?p=2505#comment-3692 Great post and idea. I was waiting to see a post on this very topic as the words "buyer's market" weighed on my mind. I've not had the opportunity be a seller of real estate yet but I'll remember this when the time comes. I've learned a lot about the mistakes I made in buying my first property and I won't make them again on the next one. Great post and idea. I was waiting to see a post on this very topic as the words “buyer’s market” weighed on my mind.

I’ve not had the opportunity be a seller of real estate yet but I’ll remember this when the time comes. I’ve learned a lot about the mistakes I made in buying my first property and I won’t make them again on the next one.

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