Benicia CA Real Estate, Vallejo CA Real Estate

First Time Home Buyer, First Offer and it was accepted!!

In today's market every buyer is struggling to get an offer accepted. The first time home buyer's credit is an impetus to buy sooner than later. The problem in our area is NO inventory. We have less than 300 homes for sale in Vallejo and Benicia as of today (9/27/09) per our mls (BARIES). This time last year we had triple the number of homes to choose from.

A buyer sought me out after seeing veiwing my website and corresponding via email. After much discussion, the hunt began for the perfect home. The buyer was very involved with scouting out neighborhoods, driving by potential homes at different times of the day.

When the buyer was ready to put an offer in for a bank owned home, it went pending so we could not even put pen to paper. They were not discouraged and continued looking. There was a home that was a little on the high side but not too much. We went to look at it and the buyer fell in love with the potential.

Of course we were competing with two other offers. I advised the client put forth a very clean offer, meaning do not ask for credits, only ask for normal and customary costs for the seller to pay, use conventional financing, and I wrote a buyer letter to the seller explaining why the seller should choose my buyer.

It happened!! The seller chose our offer and we will be closing in October. The success of this was in large part because of our buyer's attitude and willingness to listen to us. The buyer was prepared with their financing, they did not expect the moon, could handle minor repairs, and they were focused on getting the offer accepted.

I told our client this is unusual in today's market place to get an offer accepted on the first house. However I can say it was because of the team effort and the buyer's willingness to listen and take to heart what I was advising.

Posted By - Melanie - 09/27/2009