Buyers Hesitate To Write Offers On a House, Consequences?
A scenario we are seeing as of late, buyers hesitate to write offers in a timely manner, consequences? Well, yes, in a spring Sacramento market, homes sell faster than in the winter. A listing located in Midtown Sacramento we already put in escrow. Of course, now another couple who had seen it 4 times didn’t write soon enough. They submitted an offer a little too late, and are trying to get into back up offer position.
Another listing in Natomas, the buyer wrote three consecutive offers; however, the first two were not viable. Of course, another offer comes in! Now, they are competing in a multiple-offer situation. If the first buyer had written a substantial offer instead of writing lower offers, they would have been in contract long before today.
When buyers hesitate to write offers, in a timely manner, consequences almost always happen in Sacramento real estate. Time will tell if they are the successful buyer. Waiting can cause buyers to lose an opportunity or can drive the price up. When you have multiple offers, demand can create a feeding frenzy.
As buyers hesitate to write offers in a timely manner, consequences for both of these properties happened. One lost out and the other faces multiple offers. Buyers, a bit of advice, always write your offers quickly. Just because a property isn’t sold today, it doesn’t mean it won’t be sold tomorrow.
If you want to buy a house and beat out other offers we will guide you to write offers as soon as possible. This could help you to avoid this scenario above. Call Weintraub and Wallace Realtors at RE/MAX Gold Real Estate 916-233-5769.
— JaCi Wallace