Monday, July 26, 2010

Whatever Happened to Lindsay & Dan?

Just an update from their agent--

Lindsay had been contributing to this blog on her experiences with the sale of their home. They had JUST put it on the market. Then we all got too busy to continue the thread.

They received a strong purchase offer on their home one week after it was listed. They reached a meeting of the minds not long after and it went under contract. The Home Inspection was without incident and they expect to close the first week of August.

Why So Easy? Two Transactions, Incident-Free & Hassle-Free

Finally, two transactions that were incident-free and hassle-free. How and why did this happen? I'd like to hear from readers what were the characteristics of their smoothest real estate transaction ever.

In these two transactions, like all my transactions, I was careful to note phone calls, keep emails, notes from personal meetings, receipts, address requests for information as quickly as possible and respond to phone calls as quickly as possible.

In the first, I was selling my home. In the second I was buying a replacement home. In the first, my home wasn't actually on the market, another agent came to me because our home fit the needs of her client. At first request, having previously considered selling we gave an asking price, and verbally agreed to what we would accept, though the terms needed to be defined. We were not able to agree to the buyers' requested terms because we didn't have a home selected that would replace our current home. So we weren't able to reach agreement.

Two months later, however, we did find a home that met our needs. We acted on it immediately, at the same time going back to the aent who brought us the original offer to find out if her clients were still interested. They were. We accepted their offer and their original terms.

In the second, the purchase of what we hoped would be our replacement home, we looked at the home almost the first day it went on the market and put in our strong offer almost that day. There were other offers submitted and we immediately agreed to increase our offer price. Our offer was accepted, and we moved forward with both transactions.

What actually happened along the way to keep the transactions running smoothly?... more to come in a follow up post.

And by the way, I just don't buy this premise put forth in Wired Magazine: http://www.wired.com/wired/archive/13.05/realestate.html