Home, Land, Property Buying and Selling - Should I Call the Seller?
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FirstTymeBuyer
07-02-08, 04:33 PM
My wife and I are first time homebuyer's and we've found a property that we really like. The seller's agent took her time to get back to our agent, and when she did, she says that the seller wants to wait until mid-day tomorrow, to see if more offers come in. The house has only been on for 3 weeks and it is priced to sell. We put an offer in that's 30k less than asking.
I got some advice from a semi-friend to look up the seller's personal contact info and call them. Leave a message or talk to them and say that "My wife and I would fit perfectly in this house," and stuff to that effect.
I want to be proactive and show the seller that i'm intereseted, but i don't want to insult either her agent or mine, or even possibly risk losing the house altogether because she was shocked that we called.
So, should i call or not??:confused: :confused:
I got some advice from a semi-friend to look up the seller's personal contact info and call them. Leave a message or talk to them and say that "My wife and I would fit perfectly in this house," and stuff to that effect.
I want to be proactive and show the seller that i'm intereseted, but i don't want to insult either her agent or mine, or even possibly risk losing the house altogether because she was shocked that we called.
So, should i call or not??:confused: :confused:
Gunguy45
07-02-08, 04:38 PM
Don't beg...unless you are in one of the very few markets that are still hot. Or if your wife says she wants it no matter what. If they get other offers, they'll come back and let you know, to give you a chance to go higher.
FirstTymeBuyer
07-02-08, 04:44 PM
That's kinda what i'm afraid of. But what about the seller saying "Hey these people are really nice, and interested, i'll accept their offer, because they went the extra mile."
New Jersey has an abundance of homes and not many people buying. If we don't get this one, we'll find another.
However, my wife's patience level gets lower with each passing hour. It used to be days, now it's hours...once we sign, she'll most likely be counting the minutes till we move in.
New Jersey has an abundance of homes and not many people buying. If we don't get this one, we'll find another.
However, my wife's patience level gets lower with each passing hour. It used to be days, now it's hours...once we sign, she'll most likely be counting the minutes till we move in.
DIYaddict
07-02-08, 04:45 PM
Not the pro around here but you have shown the seller you're interested by putting in an offer, right? I highly doubt they would thinking you're not.
You put in 30k less than asking. If I was the seller and could wait around for more offers, I would wait to see what else comes in. Most likely, I'd take the highest offer and then go from there.
Since you have an agent, ask the advice from him/her. You don't necessarily have to do what they say but most times they get a good feel for things.
If I was the seller and you called me (and I'm usually a nice person :D ) I'd say "ok...thanks, I'm glad" and then think that was weird but nice. Wouldn't make me lean less towards you though. I'd just want to sell my house for more...or at least hope for it.
Waiting mid-day tomorrow isn't too long nor too bad.
Just an opinion.
BTW: Welcome to the DoItYourself.com forums :)
You put in 30k less than asking. If I was the seller and could wait around for more offers, I would wait to see what else comes in. Most likely, I'd take the highest offer and then go from there.
Since you have an agent, ask the advice from him/her. You don't necessarily have to do what they say but most times they get a good feel for things.
If I was the seller and you called me (and I'm usually a nice person :D ) I'd say "ok...thanks, I'm glad" and then think that was weird but nice. Wouldn't make me lean less towards you though. I'd just want to sell my house for more...or at least hope for it.
Waiting mid-day tomorrow isn't too long nor too bad.
Just an opinion.
BTW: Welcome to the DoItYourself.com forums :)
twelvepole
07-02-08, 04:47 PM
Buyers and sellers are represented by agents. Buyers do not call sellers. The seller plans to counter by mid-day tomorrow. Sellers do not care how nicely buyers would fit in their house. They just want to sell at a price that they can live with.
FirstTymeBuyer
07-02-08, 05:04 PM
Ok, so i won't call. :D
Next question:
Because tomorrow is the day before a 3-day holiday weekend, and most lawyers are off - Technically even if we do agree and sign, the seller can still show the house until the contract comes out of attorney review sometime next week, correct?
Next question:
Because tomorrow is the day before a 3-day holiday weekend, and most lawyers are off - Technically even if we do agree and sign, the seller can still show the house until the contract comes out of attorney review sometime next week, correct?
Gunguy45
07-02-08, 05:42 PM
If they send you a signed counter offer, and you agree and send it back.....boom...yer done. Thats presuming you have some sort of time stamp or proof of postmark. If it's all being done by fax, then that is normally accepted as proof of time. Make sure you have your fax set to print confirmations after each send or receive.
Its not as bad as you think...calm down..it's just a house...as you stated..theres lots more out there. It's your first house..it's natural to get excited...but do that when you move in. Now is the time to be cool, calm and patient.
Its not as bad as you think...calm down..it's just a house...as you stated..theres lots more out there. It's your first house..it's natural to get excited...but do that when you move in. Now is the time to be cool, calm and patient.
nap
07-02-08, 06:35 PM
they can continue to show the house until the closing unless somebody included such an odd reqruirement in the contract.
they do need to let those viewing the house there is a contract on the home.
They can even take and even sign purchase agreements as long as they are contingent upon the failure of your sale.
I'm not used to the attorney review thing but I would suspect that the date and time the contract is agreed to by both parties pending the attorney review is the moment the contract is enforcable, pending any contingencies included (which I presume the attorney review would be one of several).
What that means is, it is still the sellers house and they can continue to show it until it becomes your house. They can sign contracts for sale (as stated above) but your contract is primary and unless something happens to cause it to fail, they cannot sell the house from under you.
they do need to let those viewing the house there is a contract on the home.
They can even take and even sign purchase agreements as long as they are contingent upon the failure of your sale.
I'm not used to the attorney review thing but I would suspect that the date and time the contract is agreed to by both parties pending the attorney review is the moment the contract is enforcable, pending any contingencies included (which I presume the attorney review would be one of several).
What that means is, it is still the sellers house and they can continue to show it until it becomes your house. They can sign contracts for sale (as stated above) but your contract is primary and unless something happens to cause it to fail, they cannot sell the house from under you.