Dreams, Backup Offers Can Come True

Dreams, Backup Offers Can Come True

Dreams, Backup Offers Can Come True.  Just before heading out of town for a Little Trip to the Ocean, some of my online marketing paid off.  I received an email from someone who had read my posts and appreciated what I had to offer. 

She was anxious and desperate; the home she loved and had been under contract on was now under contract with another buyer.  After months of looking, learning and knowing the market a house had appeared that met her very specific criteria.  It was in a great location, quiet yet very convenient. It was near her work and preferred shopping and across from a nature reserve. 

This first time buyer was anxious to be affirmed, so she brought some “friends” by to see it.  “Friends” have the best intentions, but usually lack the market knowledge that the shopper and their agents have. 

“Why did you buy there?”  “Why did you pick that style?”  “Why did you pay that much?”  All thoughts that were again, well intentioned but uniformed and lacking from the buyer’s months of market observation and touring homes.  Being a first time buyer, it’s easy to second guess yourself and be influenced by these voices. 

Thinking she’d made a mistake, she rescinded her offer.  Another buyer jumped right in and now the home she selected after months of work was out of reach, or so she thought.  Her agent wasn’t returning her calls or emails and soon she realized she had listened to the wrong voices.  She wanted that house.

After reading several of my posts, and apparently liking what she was reading, she reached out to me.  “Is there anything I can do?”  She asked.  “Have your agent prepare a backup offer, there is no guarantee, but if something happens you are next in line."  “He’s not returning my calls or emails; he’s left the country on a trip.  Can you write the offer?”

After discussing agency with her, and confirming the she had not signed an exclusive buyer’s agreement, we went over the offer she wanted to make.  With Ocean Shoresher direction I wrote the offer from a beach front condo while enjoying the storms surging over the ocean.  The offer was sent for her electronic signature, then forwarded to the Seller’s agent.

The backup offer was signed and returned, but the seller offered little hope that we’d be successful.  The other buyer had a huge down payment and was on track to close. 

When I returned, some other homes came on the market.  I showed her the new listings and discovered she has very specific tastes and needs.  I privately wondered if I would find anything to suit her.  Then, when I least expected it, early one morning my phone goes “Ping” signaling a new email has arrived.  It was from the Sellers, the other offer has fallen through and we are back on!

My buyer is very happy, and so am I.  In a market with low inventory, multiple offers and picky buyers, dreams, backup offers can come true, but you have to write them.

 

Did you like this post?  Do you know someone else who might?  Do you know anyone who might benefit from our services?  Please pass this along to family or friends or contact us, we love to help.

Dan Tabit       206-310-8629    425-868-SOLD(7653)  DanTabit@Northstone.net

One stop Real Estate & Mortgage Services Serving Sammamish, Issaquah, Redmond, Bellevue, Mercer Island and the greater Seattle area.  

Comment balloon 13 commentsDan Tabit • March 07 2013 04:13PM
Dreams, Backup Offers Can Come True
share
Dreams Backup Offers Can Come True Dreams Backup Offers Can Come True. J ust before heading out of town for a Little Trip to the Ocean some of my online marketing paid off. I received an email from someone who had read my posts and… more
Forbes Says Seattle’s The 5th Best City for Good Jobs
share
Forbes Magazine says Seattle is the 5 th best City for good jobs and is the highest ranking city outside the state of Texas. By looking at the current unemployment rate, recent past unemployment, estimated employment growth, per capita income and… more
Inspection Suspense, da da dahhh!
share
Inspection Suspense, da da dahhh! Inspection suspense, da da dahhh! The house is selected, the contract's been agreed upon and now the inspection has commenced. Oh, what suspense! What will the mighty inspector find as he searches… more
Home Buying Step Eight, Writing an Offer
share
Home Buying Step Eight, Writing an Offer You've found the best home available that meets all your adjusted criteria; it's time to write the offer. You will need to decide many things in addition to price. Discuss all the issues with your… more
Home Buying Step Seven, Recapitulation.
share
Home Buying Step Seven, Recapitulation If after your home visits in Step Six, you have found the home of your dreams, skip this step and move to Step Eight, Writing the Offer If you are more confused after seeing some homes, this is… more
Home Buying Step Six, Visiting homes.
share
Home Buying Step Six, Visiting homes This is Step six of Home Buying, 12 Steps and the Serenity Prayer. It's time to see some homes. Your agent has reviewed your criteria and knows the pre-approved price range provided by your… more
Home Buying Step Five, Meet with your Agent
share
Home Buying Step Five, Meet with your Agent If you've been following along you have seen the overview of Home Buying, 12 Steps and the Serenity Pray er, so you have and idea where we are going. You have completed Step One, met with a lender… more
Home Buying Step 1, Pre-Qualifying or Pre-Approval
share
Home Shopping Step 1, Pre-Qualifying or Pre-Approval This is Step 1 of, Home Buying 12 Steps and the Serenity Prayer Buying a home is easily the biggest purchase most will ever make, this is a tried and true cliché. In reality, buying… more
Home Buying, 12 Steps and the Serenity Prayer
share
Home Buying, 12 Steps and the Serenity Prayer Did you ever find yourself in the middle of a mess and wonder, how did I get here? Have you ever been given directions to go somewhere, you try to follow but still end up lost? Have you ever had… more
Sammamish Bank owned and Short Sales
share
I saw a blog post from Sam Debord about the greater Seattle market bank owned homes and began to wonder about my immediate market. The city of Sammamish is a 10 year old city east of Seattle that has grown very quickly the past few years. How… more