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Updated about 7 years ago on . Most recent reply

User Stats

27
Posts
11
Votes
Vika Bha
  • Windsor, CT
11
Votes |
27
Posts

Making offers on properties

Vika Bha
  • Windsor, CT
Posted

I am having a hard time buying properties. So far, I wanted to place offers on two properties. They were listed on the MLS, I made an appointment with my agent to view them within 1 week. Just within that time period, both times, the properties went under contract before I even saw them. I know the obvious answer is try to see them ASAP but I work full time so I need at least a couple of days. And, the most recent time, I was very interested and wanted to see the property the following day. But, my agent wasn't able to set up an appointment for me to see it until 4 days later and the property sold by then. I am uncomfortable making an offer site unseen especially since I am new. Any advice?

Most Popular Reply

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2,285
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1,995
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Anthony Dooley
  • Investor
  • Columbus, GA
1,995
Votes |
2,285
Posts
Anthony Dooley
  • Investor
  • Columbus, GA
Replied

Your agent now has all of your information required for an offer, including proof of funds and/or a prequalification letter.  The next time you find a property that you want to buy, call your agent and tell them to write a full price offer contingent on physical inspection, loan approval, and appraisal. They can fill out the offer and email it to you to sign digitally. Once your offer is binding, you have bought yourself the time to inspect the property. You must immediately inspect the property looking for reasons NOT to buy it. If you don't find any reasons, buy it. You should at least find reasons to amend the contract for a better price, like repairs, etc.  If you find a good reason not to buy it, withdraw your offer, or renegotiate the contract. This is just one technique.

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