Any thoughts on Time-limited Offers?

[Rowlens Melduni]

I’m interested in buying a hot property that is currently not listed. The agent strategy is to create hype up to the point of listing Several days from now. The property at this point is listed as an upcoming listing.

Any thoughts about making a solid time limited offer to expire prior to the day of listing?

[Kris L.]

I suppose it doesn’t really hurt to try...

[Jessica Stevenson]

@Rowlens Melduni

Definitely doesnt hurt to try. Besides the strong offer price, think of any other creative ways to make your offer just a little sweeter for the seller. Let them know you are open to negotiation and look forward to working with them. If this is a sentimental sale for them (i.e. they've owned it for 30 years), let them know what your plans for the property are so they know it'll be in good hands.

[Derek Carroll]

@Rowlens Melduni

If it’s a hot property I’m seeing sellers/sellers agents ignoring any deadlines. It’s worth trying but if there are 5 other offers at similar pricing same day then yours isn’t so exciting anymore. Almost always will be a best and final round.

[Wayne Brooks]

Sellers would be foolish to sell the property before it is even listed. 

[Rowlens Melduni]

Thank you all for your thoughtful advice and invaluable comments...appreciate all. I do feel obligated though to throw a little nitro I my engine before entering the race. Lol. The seller allowed me to do a walk thru and I feel comfortable making a full price offer along with my earnest money and preapproval letter, but will set my deadline 2 days prior to listing. If the seller does not counter or accept my offer before the deadline then I am out.

Then what if he comes back later after the listing date with an offer to reconsider my original offer. Do I play hardball and risk losing the deal or just accept to buy at my original full price offer?