News From Terre Haute, Indiana

Real Estate News

June 11, 2012

How to Beat Big Investors to Good Properties

Syndicated — As real estate bidding wars become commonplace, it's important to remember these adages:

1. The early bird gets the worm.

2. Always put your best foot forward.

Especially in areas where inventories are limited, three or more offers may be submitted within the first 24 hours after a property goes on the market. By the time your Day 3 offer rolls in, the deal is done - especially on short sales or bank-owned properties.

How do the early birds get in, tour the property and make offers so quickly? Chances are, they didn't go see the property. That's right. The savvy investor knows the areas in which he wants to buy, he knows what size and type of properties he's after, and he knows what he's willing to spend. So, when he sees a listing that meets his criteria - he's able to pounce. If the offer is accepted, Mr. Early Bird can go see the property; if he doesn't like it, he can back out of the deal, generally at no cost (be sure to read your contract!)

This process may be frustrating for real estate novices, but it's just the way it is. And, honestly, if you don't know enough about your target properties and neighborhoods so that you, too, can make a quick offer - you need to do more homework.

Becoming the early bird means you need to be well-versed with the offer process. Smart buyers know the standard contract terms and many go so far as to arm their real estate agents with signed, blank offering templates. If they see a listing they like, they can have their agent fill in the price and terms and forward the offer - all within hours of when the property first hits the MLS list.

Text Only | Photo Reprints
Real Estate News
Latest News
TribStar.com Poll
AP Video
Raw: Easter Morning Delivery for Space Station Raw: Obamas Attend Easter Service Raw: Space X Launches to Space Station Man Charged in Kansas City Highway Shootings New York Auto Show Highlights Latest in Car Tech Raw: Students Hurt in Colo. School Bus Crash Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: More Than 100,000 Gather for Easter Sunday New York Auto Show Highlights Latest in Car Tech Raw: Greeks Celebrate Easter With "Rocket War" Obama Awards Navy Football Trophy Raw: Massive 7.2 Earthquake Rocks Mexico Popular Science Honors Year's Top Inventions Ceremony Marks 19th Anniversary of OKC Bombing Raw: Orthodox Christians Observe Easter Rite Small Reactors Could Be Future of Nuclear Energy Police Question Captain, Crew on Ferry Disaster Raw: Church Tries for Record With Chalk Jesus Captain of Sunken SKorean Ferry Arrested Miley Cyrus Still in Hospital, Cancels 2nd Show
NDN Video
Jabari Parker's Top 5 Plays From Duke Career Kourtney Kardashian Is a Bikini Babe More Manpower Than Ever Expected At 4/20 Rally Debunk'd: Miley Cyrus AIDS, Cheeseburgers Cause Cancer, Military Warning Bill Previewing the NBA playoffs Raw: Orthodox Christians Observe Easter Rite My name is Cocaine Raw: Space X Launches to Space Station Lohan Gets Candid About Her Sex List The 2014 New York Auto Show Meet Johnny Manziel's New Girlfriend Chelsea Clinton Announces Pregnancy Funny: Celebrating Easter with Martha Stewart and Friends Man Accuses 'X-Men' Director Bryan Singer of Sexually Abusing Him As a Teenager Man hit with $525 federal fine after he doesn't pay for soda refill Lea Michele & Naya Rivera Feuding? Jabari Parker declares for the NBA draft Singing Nun Belts Out Cyndi Lauper New West, Texas Explosion Video Swim Daily, Throwback Thursday
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity