Friday, July 20, 2007

It Pays to Wait


I've compared the search for Mr. Right to looking for "just the right house" in previous posts. Now I can see a similarity in the patience needed to wait for "just the right offer." As we reach mid-summer and the area market begins to slow just a little, the big multiple offers are not seen as often.
Mr. Wrong showed up earlier this week with a poorly written offer on my townhouse listing. The price was low, the down payment minuscule, and the deposit check was copied on the wrong side. The buyers also asked the seller to take care of extra items, and to allow an unusually long contingency period. After the agent left, we decided to wait for something better.
Here we are, only two days later, with the perfect contract in hand. A wonderful professional buyers' agent, a solid contract at an excellent price, and terms to make any seller happy. Tomorrow, we can begin to look for a new home for the seller, knowing that her place really is sold.

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