2. Some big defect will be discovered at the inspections and nobody will pay to fix it
oops that's two fears! and as we all know we could fill a book.
I believe, as Scott does, that the Buyers' biggest fear is the fear of loss. One of my old real estate teachers once said that "the fear of loss is a bigger motivator than the prospect of gain." I really believe that is true in any market, but especially in this one where short sales predominate and Buyers wait for months for a response from the Seller's lender. Meanwhile, anything can happen.
All the best,
Maggie Hawk, REALTOR
Watson Realty Corp.
Did I mention the offer in july was in 2010 and the reply was in september 2011?
Sometimes I forget to point out a little detail like it was over a year to get a no reply while I missed out on a lot of other houses.
It happens. Why should I bother to make an offer that will not even be looked at for over 2 seasons if the bank moves fast?