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Although I grew up in the west of Ireland, I have lived on Chicago's North Shore for almost two decades. I have a deep respect and appreciation for the opportunities that my adopted country has given me and my family. My husband, Brian Moran, is a professor at Northwestern University. We are the proud parents of one son, Noel aged 17, High School junior, Special Olympics athlete, and the center of our universe. We live in the leafy suburb of Glencoe and consider ourselves blessed to live the life we are living.
For my seller clients, my goal is to sell their property for the highest price in the shortes possible time. Sounds easy but it takes knowledge and experience to maximize profit. For my buyer clients, my goal is not just to find them a home that meets their needs, is within their budget, and in their desired location, but also to help them acquire that piece of property on terms that are as advantageous to them as possible.
You can contact me at Trish.Brophy@cbexchange.com
Trust Trish with all of your Real Estate needs.
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When you are dealing with real estate, a contract has to be in writing, signed by both parties, and "consideration" - usually money - has to have been given. An offer is just that - an offer. If the offer is not signed by the buyer, then the seller cannot accept the offer and make it binding on the buyer.
Having said that, in the real world, sellers rarely accept the offer as first presented by the buyer - any counter by the seller negates the offer by the buyer so the seller cannot afterwards go back and say, no wait, I accept that first offer. Typically, an offer is made and then negotiations are handled verbally until an agreement is reached. Then it is up to the agents to get signatures as quickly as possible. Until both buyer and seller have signed the contract, it is not binding and the property could be sold to someone else who comes in with a better offer.
With the increase in the use of computers, I have seen a number of agents use the computer generated contracts without buyer signatures as a way of "getting the ball rolling". - Fri Apr 25 2008, 20:16
Another thing to remember is that the buying public now look online before they ever go to see a house in person. On average, houses are getting far fewer "actual" showings - those people who come to see the house have given it, at least, a preliminary thumbs on online. The average home buyer when looking for a home these days goes to see far fewer homes than, for example, 10 years ago.
So to get back to your question, if your house does not generate a flurry of showings when it first comes on the market, you need to consider whether the house is priced appropriately given its size, condition, and location, and given the current market conditions. - Fri Apr 25 2008, 07:18
$1,000 as initial earnest money with the Purchase Agreement - earnest money brought up to 3-5% of agreed purchase price typically within 48 hrs of satisfaction of attorney/inspection issues. The earnest money can also be a specified dollar amount, e.g., $20,000, it all depends on what is agreed between the parties. - Tue Apr 8 2008, 06:59
The seller might consider helping you purchase the home by offering you a mortgage or second mortgage on the property. Sounds like you are really only interested in renting though. - Sat Apr 5 2008, 09:11
Talk to a lender or mortgage broker. You can do it online if you prefer. Only takes a few minutes. - Sat Apr 5 2008, 09:09
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