Online Home Buying
Everyday we get a lot of inquiries about relocation to the Dallas area
People come from this site, Plano blog, our listings, referrals and the many sources from the Internet we use to market and advertise our services.
One source we use to market our listings is Craigslist. We submit a professional flyer presentation every 45 days because that’s the timeline
they have set.
About two weeks ago we had a very interesting prospect inquire about one of our listings from Florida. They were downsizing.
Here’s how the story played out.
I received an email about 2 hours after the flyer was posted.
The question was asked…
“Please send us more information and would our seller be interested in leasing the property.”
So we emailed MLS info, webpage, map and virtual tour etc.
We went back and forth a few times and then they made a low ball offer without even seeing the property and compared the other property on the same street and told us what he could buy it for.
BTW – the other property was a bad floor plan and needs updating.
Lots of Bad Wallpaper!
Our seller was not going to take the low ball offer, so our buyers from Florida were making a trip to the area and we made an appointment
to show the property.
They came and stayed about an hour and we all still tried to negotiate an offer, possibility of a cash deal. We still ended up being too far apart by 20K – so it just wasn’t going to work.
We have dealt with many folks that want to represent themselves from the internet and that’s fine. You can sell your own house too.
There are a few of things to be aware of before you do this:
1. You need to know who is representing who.
2. Get pre-approved or have proof of funds before you make an offer, it has much more credibility that way.
3. Don’t give up too much information about yourself, just the facts.
4. Know the correct comps of the neighborhood – as much as I love the new property value sites they are far from accurate!
5. If you are dealing with an experienced Realtor, you might want to ask how many transactions they have completed, so you know who you are dealing with.
6. Possibility of using an attorney to help you with a contract.
The one thing that a Realtor who works a particular neighborhood brings to the table is the knowledge of viewing every home in an area and really does know the true value in comparison to others. Knowing the competition is worth its weight in gold. The other thing is the motivation of the seller, to know how you should approach an offer.