by ILGM Ninjas | Jan 28, 2015 | Buyers, Negotiations, Selling
In southern California where the majority of Realtors use CAR’s residential purchase agreement to make an offer, there have been a number of changes to the contract for 2015. (CAR = California Association of Realtors). One of the biggest changes – which...
by ILGM Ninjas | Feb 8, 2013 | Negotiations
It never hurts to put an offer in. And you won’t know unless you try. Yes, the sellers may be unrealistic and they probably have a strong emotional attachment to their home; the home does hold a lot of value to them. But the good news is that with an overpriced...
by ILGM Ninjas | Feb 7, 2013 | Backup Offer, Real Estate Advice, Short Sales
If the bank does not approve the contract, and submits a counter, and the buyer subsequently walks, then the seller will not necessarily have to relist the property. Once the current contract is canceled, the seller can accept the new offer and it will be submitted to...
by ILGM Ninjas | Feb 4, 2013 | REO
When making a decision on how much to offer there are several things to consider. 1. What are the comps? Have your agent (and it shouldn’t be the listiing agent) pull the comparable sales in the area. Determine what you think the value of the property is. 2. Now...
by ILGM Ninjas | Jan 29, 2013 | Negotiations, REO
When it comes to REOs (or bank owned properties) the banks are much speedier than when responding in a short sale. The reason being, the bank is the actual seller in this situation and they have set the price themselves. REOs work much like standard sales with more...