Submit Offer Before Seeing A Listing
A seller can require buyers to submit offer before seeing a listing. At first, there can be Realtor pushback. Also, we received many buyer’s agent’s phone calls asking if we could please get them in because their buyer really needed to see it. Other agents saying well, good luck, you will never sell it this way. Of course, we would not disregard our seller’s instructions. After about 10 days, we started getting offers. We have received many offers to date.
This property is a tenant-occupied home. They have been there for more than 10 years. The seller did not want his tenants unnecessarily bothered by people looking who really had no intention of buying. We set up an appointment for the agents and buyers to come and view the property during a 30-minute appointment. It is a two-bedroom, one bath, with inside laundry. Most Realtors were pretty understanding, however; one agent complained about the condition of the property. I’m not sure what he expected for $200,000 in a decent neighborhood.
The tenants have been very cooperative and we respect their privacy. Submitting an offer before seeing a listing is the best showing instruction for these particulars tenants. The phone calls continue as Realtors are now asking if they should offer over list price! My answer: make your highest and best offer as there may not be a seller counter offer.
The property definitely needs work but is a fabulous opportunity for a lucky buyer. If you own a tenant-occupied property, face challenges with showing it and you are not wanting to evict them, call Weintraub & Wallace Realtors with RE/MAX Gold. We can be reached at 916-233-6759.
— JaCi Wallace