So, i've been receiving continuous messages from this one realtor of a place we checked out.
He's been sending me text message after text message saying how motivated his client was, how much of a good deal it is compared to the last sale, and flexible they were on closing dates.
So, why the big desperation?
Well, the owner of this house that we saw had their eye on another property, however it was subject to sale to the property we just visited.
This is the one thing that i do hate about 'Subject to Sale' offers....lets call them s2s.
Instead of seeing how much the market will bare, people (owners and realtors) are rushed to sell their property just so they can beat the clock and purchase the next thing in front of them. What this entails can also leaving a lot of money on the table. On top of that, you're giving buyers the upper as they'd probably find out that this project is the subject property of a s2s offer.
Also, you lose a lot of negotiating ground when you right an offer with an s2s clause.
Now, im not saying that s2s offers are a waste of time, but there is a time and place on when to use them.
1. Make sure your property is on the market.
As a listing agent I will NOT accept a subject to sale offer if the property is not on the market. I want to be able to see that the listing is priced appropriately and it will allow me to follow the market in that area.
2. Understand the market you're buying in.
If you're buying into an area where the market is a tad hotter than a balanced market, you can expect the seller not to respond to an s2s offer. And it's not that they don't want to deal with an s2s offer, but the market in the area will statistically bring in another offer that will be better and without a s2s clause.
richmond realtor
richmond real estate
richmond townhomes
richmond homes for sale
richmond condos for sale
steveston homes for sale
steveston townhomes for sale
ironwood homes for sale
ironwood townhomes for sale