Margaret Rome's Blog

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Go Ahead And Submit The Offer

Go Ahead And Submit The Offer

 

 

 

 

As a listing agent, I encourage offers and tell the buyers and  the agents 

"You can't insult me with an offer."

 

In turn, I will NOT allow the  home owner to be insulted.

                                                                

 

 

Submit offer to Margaret Rome

 

The seller does not have to accept a low offer and it might be a good way to start negotiations.

How many times have we heard.."I don't want to give my house away?"

It is my job as a listing agent to explain and present any offer.

 

 

 A written offer  shows that the buyer is interested in making a purchase.

Submitting an offer takes time.

Time to obtain a lender letter,  time to provide  proof of funds, and time to read, sign and understand the  40 plus pages.

 

Then there is the earnest money deposit, coordinating dates for loan application, settlement, inspections  etc..

 

Please don't call or email the listing agent asking... if the  seller will take X amount.

 

 

 

Go Ahead And Submit The Offer

   

 

 

Margaret Rome 410-530-2400

 

 Search All Active Listings

 

Sell Your Home With Margaret Rome

Broker-Owner HomeRome Realty 

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Author of Real Estate the Rome Way

mrome@HomeRome.com

410.530.2400

 

 
Comment balloon 20 commentsMargaret Rome, Baltimore Maryland • September 05 2015 06:15PM

Comments

Excellent post, Margaret Rome, Baltimore Maryland to encourage offers. Most people don't realize all the steps from offer to SOLD.

 

Posted by Mary Yonkers, Erie/PA Real Estate Instructor (Alan Kells School of Real Estate/Howard Hanna Real Estate) over 3 years ago

Mary Yonkers As a real estate instructor, you certainly know all the steps to get from a listing to and offer and to the settlement table.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 3 years ago

Thanks, Margaret Rome, Baltimore Maryland Without the offer no one gets to the settlement table.

Enjoy holiday weekend.

Posted by Mary Yonkers, Erie/PA Real Estate Instructor (Alan Kells School of Real Estate/Howard Hanna Real Estate) over 3 years ago

Very well stated, Margaret. I hate getting calls asking, "what will the seller accept." Put it in writing and we'll take it from there.

 

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) over 3 years ago

Lottie Kendall Thanks for stopping by.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 3 years ago

Many people want to know what a seller will accept before they submit an offer.  The only way to find out is to either submit and offer to negotiate or wait to see what someone else paid for it

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals, CT 203-206-0754 ) over 3 years ago

Hi Margaret...When I'm asked what I think the seller will accept, I say I have no idea but it's going to take an offer to find out. 

I had a seller tell me he was surprised that I would even bring him such a low offer and I reminded him that I was required to submit all offers. We negotiated it to the point where the seller was very happy and continued to be through settlement.

Kate

Posted by Kate Elim, Realtor 540-226-1964, Selling Homes & Land a (Dockside Realty) over 3 years ago

Margaret - I am always telling buyers agents to submit an offer and we will take it from there. I don't know what my sellers will accept until we actually get a complete offer in writing, so go ahead and submit.

Posted by Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor (Good Company Real Estate www.ChandlerRealEstate.weebly.com) over 3 years ago

Margaret Rome, Baltimore Maryland I never understood that why buyers agent should call and ask the listing agent on will seller accept the offer for $X?

We are in the world where we have to show the proof - not only for funds but we all want proof of MOTIVATION! And that can be done by submitting an offer.

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners) over 3 years ago

Hi Margaret -- a written offer is an invitation and there is no reason to be insulted if everything is in place.   If you really want to hear a response - put it in writing...

Have a great Sunday and a fun radio show!

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 over 3 years ago

Michael Jacobs would you like to call in? The number is 410-922-6680 12- 1 East coast time. 

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 3 years ago

Margaret - Thanks for the offer but I have an appointment at 9:30AM(my time) -- I'll try to pick up the podcast later.   

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 over 3 years ago

Michael Jacobs You have an open invitation.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 3 years ago

We have a document visible only to REALTORS in our listings that gives them precise instructions about this, and several other topics.  Attempts to circumvent the process are met with autoresponders and crickets! :-)

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (BVO Luxury Group @ Keller Williams Arizona Realty) over 3 years ago

Tony Marriott Would you share that document with me?

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 3 years ago

Margaret, I totally agree.  I prepare my sellers (in past markets) for low ball offers, but that it shows the buyer likes the home enough to go through the hoops to get the offer rolling.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) over 3 years ago

I agree and as long as it is a well written offer, it's a great way to begin negotiations.  In my experience, the low offers are not usually well written and you can tell that it is just a template.   I will usually test the agent that sent the offer by asking a question when I confirm receipt of the offer.  Most of the time I won't even hear back from the agent, which leads me to believe it was never a serious offer in the first place.

Posted by Brian England, MBA, GRI, REALTOR® Real Estate in East Valley AZ (Arizona Focus Realty) over 3 years ago

IT kills me when people are offended... you never know where negotiations will go!

Posted by Rob Thomas, Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro (Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954) over 3 years ago

You and I are so alike in how we approach things like this.  I am the same way.  If a seller starts to get upset, I may say, "It's better than the offer we had yesterday," which is always none.

Posted by Chris Ann Cleland, Associate Broker, Bristow, VA (Long and Foster REALTORS®, Gainesville, VA) over 3 years ago

Read Tony Marriott Follow up post

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 3 years ago

Participate