Warren County Ohio Real Estate News and Observations

Sometimes You Get A Second Chance At A Home!

2nd chance might be the key to getting the keys!Sometimes You Get A Second Chance At A Home!

Murphy's Law can REALLY work against a buyer!  You have plans to see a home this evening, it goes under contract at 3.  It's not under contract, you write an offer on the kitchen counter before leaving the showing....and it went under contract just moments before you crossed the threshold.  MAYBE we lost on a multiple offer situation.  Uggggg.  Arrrrrgh.  Whyyyyyyyyyyyyyy?

But all is not lost.  SOMETIMES you might still be able to get that house, and some of that depends on your personal situation.  If you're a cash buyer or don't have to sell a home to buy, we just MIGHT find out that the accepted offer has a contingency clause that could allow you to become first in line.  You want that house, I'm asking.  The answer will PROBABLY be NO (after all they have an ACCEPTED offer and buyer and they're not going to want to rock the boat), but sometimes they may be willing to bump the first offer out of the way if your terms are more appealing AND they can legitimately bump the first offer.

Failing that, there's another chance that you just might get the home.  Fact is not every accepted offer makes it all the way to the closing table.  Sometimes the buyers bring in Mom & Dad to take a look....and BOOM goes the deal.  Happens way more than you'd expect.  More likely?  Home inspections might just bring up something the buyers just can't live with and the seller won't fix.  Buh bye, back on the market and here's your shot.  Now of course we're asking what happened, and it's a question that it's not unusual for the question to be initially dodged.  They don't want to chase YOU off either, but if they did find something significantly wrong with the MATERIAL condition of the home, by Ohio law they're required to disclose.  And of course you still want to have your own inspections.

And there are a couple of other hurdles for the first deal that just MIGHT clear the path for you.  Financing can fall through (we've had that happen to our buyers and against our sellers, it's NOT common, but it can).  And of course we're always at the mercy of the appraisal, and we've been seeing more of that lately.

Bottom line, we can either write a back up offer to make SURE the seller side knows you want the home, or we can put a tracker on the home in MLS and go after it immediately after it's available again. 

Serving Warren County's home buyers and sellers,
Liz and Bill aka BLiz

REALTORS(S) Serving Warren County Ohio & Adjacent Areas

The Liz Spear Team of RE/MAX Elite
Elizabeth & William Spear
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Direct:  513-520-5305
Direct #2: 513-265-3004     
Fax: 866-302-8418

MailTo:  LizSpear@Go-Concepts.com

Our Website:  www.LizTour.com

 FacebooktwitterWordpressYouTube Pinterest

 

 

 

 

 

 

OUR SERVICE AREA:


View Liz Spear Team of RE/MAX Elite Primary Service Area in a larger map

Comment balloon 5 commentsLiz and Bill Spear • July 31 2015 05:03PM
Sometimes You Get A Second Chance At A Home!
share
Sometimes You Get A Second Chance At A Home! Murphy's Law can REALLY work against a buyer! You have plans to see a home this evening, it goes under contract at 3. It's not under contract, you write an offer on the kitchen counter before leaving… more
The Bank Doesn't REALLY Want To Sell YOU That Foreclosed Home
share
The Bank Doesn't REALLY Want To Sell YOU That Foreclosed Home We don't have that many foreclosed homes for sale in the Warren County area. The market has recovered well, and foreclosures are VERY limited. But lately I'm seeing a trend that I… more
Things To Consider When Buying A Mason Ohio New Construction Home
share
Things To Consider When Buying A Mason Ohio New Construction Home Buying a brand new construction home is a very popular decision for Mason home buyers. And why not? You can get it exactly the way you want it, it's all just a matter of how… more
The Home Was NOT What She Planned To Buy!
share
The Home Was NOT What She Planned To Buy! Sometimes when you start looking for a new home, what you think you want couldn't be further from what you actually buy! That was the case for our buyer Debra today! What was going to be perfect for… more
Choose Your Contract Dates Carefully
share
Choose Your Contract Dates Carefully Our Cincinnati home purchase contracts have some flexibility in that it's POSSIBLE for a home to close early if the stars align and everyone agrees. Note the if EVERYONE AGREES part! It's another reason to… more
Another Buyer Under Contract In Mason's Marival Condo Community!
share
Another Buyer Under Contract In Mason's Marival Condo Community! Our buyers are under contract on a great ranch condo with a finished lower level in Mason's Marival at Weatherstone! While Marival isn't a patio home community, it DOES fit well… more
Mason Ohio 45040 Homes For Sale With A Patio
share
Mason Ohio 45040 Homes For Sale With A Patio When the weather's nice its enjoyable to sit out back and enjoy your favorite beverage, watch the birds and butterflies and just feel the stress ooze out of you. And a great place to do so is on the… more
I Saw The For Sale Sign, Why Can't I Find The Home Online?
share
I Saw The For Sale Sign, Why Can't I Find The Home Online? You're driving down the street and you see a For Sale sign in front of a home that really has curb appeal. You know the neighborhood fits your price range and from the outside the home… more
Should I Use The Real Estate Agent's Recommended Home Inspector?
share
Should I Use The Real Estate Agent's Recommended Home Inspector? Recently in a local community Facebook group someone made the comment to "never use the real estate agent's home inspector because all they care about is staying in the agent's… more
West Chester Ohio Jeannes Creek Water View Patio Home SOLD!
share
West Chester Ohio Jeannes Creek Water View Patio Home SOLD! 8189 Jeannes Creek in the Jeannes Creek patio home community of West Chester now has a new owner! The home below closed Thursday morning with The Liz Spear Team of RE/MAX Elite… more