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Pebble Singha ..'s Blog

By Pebble Singha .. | Agent in Encino, CA

How to write a winning offer in a sellers market

A seldom discussed phenomenon often occurs when home buyers decide to write a purchase offer. This is how it goes .Say you've been house hunting for weeks. You notice one home has been for sale almost six months without any offers. You figure the home is overpriced, and you might be right. But you go look at it anyway. You fall in love. It's the perfect home for you, and you figure you can get a great price because the seller is undoubtedly desperate for an offer. This is your lucky day. So, you whip out the checkbook, write an earnest money deposit and and sign the purchase contract. Your buyer's agent then delivers the offer to the seller's agent.That night you're dreaming about the home. You toss and turn, thinking about how you will arrange your furniture, which color you might paint the bedroom. The next morning your agent calls to say the house has been sold to somebody else.How did that happen? You're astonished, then angry, and later, depressed. You wonder if the seller had a buyer in his back pocket all along. How did you get deceived?
You weren't. What typically happens -- and I can't explain why -- is the minute you want to buy a home, so do three other people. I do this everyday and i am atonished at it just as you are. It's extremely common for the seller of a dated and neglected listing to suddenly receive two, three or more offers, all within minutes of each other.Here is my Tip: When you find a home to buy, write your offer immediately. Ask your agent  (PEBBLE SINGHA)to call the seller's agent to find out if there have been recent showings and whether anybody else might be writing an offer.rest of the article click belowhttp://pebblesingha.com/RealtorWebPage?custompage_id=1360383946

pebble Singha

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