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Let’s make a verbal offer!

With so much Real Estate inventory around us and so many seemingly desperate sellers, more and more buyers are going on a fishing expedition for the best price by asking their Realtors to pass on a verbal offer.

Which buyer would a seller take more seriously? One who puts his money where his mouth is, of course. If the buyer would look at the transaction from the prospective of the seller then he may be more committed to the deal. As it is, all earnest monies placed on an offer is refundable at various stages of the contract process should the contract not be accepted.

In a quote attributed to Goethe “Until one is committed, there is hesitancy, the chance to draw back-Concerning all acts if initiative, there is one elementary truth that ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would have come his way. Whatever you can do, or dream you can do, begin it. Boldness has genius, power, and magic in it. Begin it now.”

My philosophy is, what’s lacking is serious commitment. As an example I recently had a customer who after getting to the bottom bottom of a great deal (verbal) still did not commit. In addition to two other offers presented with earnest monies, but he still thinks that the bottom has not hit the bottom his escrowed monies is still with our EWM Realty, a decision still not made.

What experiences have the rest of you Real Estate Tomatoes have in regard to this topic? Looking forward to your shared stories.

Tammy Schweitzer

buyaventuracondos.com

schweitzer.t@ewm.com

This entry was posted on Monday, December 22nd, 2008 at 11:34 am and is filed under Buyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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