Reverse Offers in Real Estate - A Paradigm Shift for the Northwest Indiana Market !

By
Real Estate Broker Owner with F.C.Tucker 1st Team Real Estate

  I've always felt while sorting through the many BLOGS here on AR, that this is a Big THINK TANK, a plethora of diverse information.

Like abstract art, some posts make you Stop and Think, others may even influence you further than thought,- they may impact your future actions.

Inspired by one such post: REVERSE OFFERS-Who Uses Them? by Jeff Payne, (a former Hoosier.. thanks Jeff :). His Description of the Process, along with the many positive comments from various REALTORS, encouraged us to consider this OPTION for our own Clients. 

This concept, although widespread in other parts of the nation, is not readily practiced in Northwest Indiana.

After thoughtful consideration and some research, we decided that although this was a paradigm shift of how "Normal" transactions look.... Market Conditions of late, call for creative artful strategies :) 

This weekend, after favorable second showing feedback reports from several buyers agents - we wrote 2 reverse offers!!

We met with the individual sellers (2 separate properties) and explained the process and they were very open to this idea, and luckily, so were the Buyer Agents involved ! One REALTOR even thanked us after going over the contact terms offered !

Alas, they are being presented this week, and nothing is for sure, YET. 

But, instead of waiting for something to happen or wondering what happened, we can do one more thing.... To try and stimulate the Real Estate Market to Make Something Happen :) by presenting the Buyer with a Reverse offer from our Sellers!

Please feel free to Contact us @ 219-405-1232 or, click the below to read / subscribe to our email newsletter with valuable Relocation Information.

Jeff & Grace Safrin REALTORS - "Spouses Selling Houses' TM

F.C. Tucker Advantage Realty

Serving Lake County, Porter County, La Porte County, Starke County, Jasper County and Newton County in NW Indiana.

NW INDIANA remains a Great REAL ESTATE MARKET check our past---> SOLD HOMES !

Thanks for Visiting our Blog! To read more about local NW Indiana events, sports, and more, click our blog link below. For more homes for sale view our Other Listings @ www.safrin.net and client testimonials!

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This is just one in a series of Posts For Localism By Jeff & Grace Safrin, F.C. Tucker Advantage Realty, Serving Northwest Indiana...on HOMES SOLD IN A MARKET THAT's NOT SUPPOSED TO BE GOOD....  

Other Posts in this series are:

http://activerain.com/blogsview/441172/Who-is-NEXT-Referrals

http://activerain.com/blogsview/439592/1st-BORN-2nd-Wife

http://activerain.com/blogsview/421935/Tri-Omino-Effect-on

http://activerain.com/blogsview/421330/IN-A-MARKET-THAT

http://activerain.com/blogsview/452527/A-Step-on-the

Disclaimer: The opinions expressed by The ActiveRain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Jeff and Grace Safrin of F.C. Tucker Advantage Realty. Jeff and Grace Safrin and F.C. Tucker Advantage Realty are not responsible for the accuracy or content provided by The Active Rain Community.

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 F.C.Tucker Indiana's largest Real Estate Company Sincerely,

Jeff & Grace Safrin,  Broker / Owners                              Sign Up For Our Real Estate Newsletter

F.C.Tucker 1st Team Real Estate

13 Lincolnway Suite # 203 

Valparaiso, IN 46383         

Office # 219-309-9930

serving Lake, Porter, La Porte, Jasper, Newton & Starke Counties in NW Indiana

 Independently Owned & Operated

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Comments 14 New Comment

Rainmaker
446,670
Jeff&Grace Safrin
SpousesSellingHousesTM
F.C.Tucker 1st Team Real Estate

It's worth a try and if there is positive feedback after several showing's by the same buyer, but no offer yet it is a forward step of progress rather than doing nothing.... time will tell Dave - but it is different that the usual & customary way of practice for sure- thanks for taking time to stop by and for your comments.

Sincerely,

Grace

April 08, 2008 03:57 PM
Rainer
67,172
Keith Perry
REALTOR - West Metro Atlanta
Coldwell Banker
Hi Jeff and Grace, thanks for stopping in on our post. We have used this tool with success in our area and have come up with a formula we use. All our listings are on a lock box that we can track on-line. Multiple showings bring a call to the agent to find out if their client is Pre-Approved. If so we contact the seller and write it up full price and include all seller concessions and send it over. So far we have a 98% SP to LP. We have only done this with move-in ready homes that are priced right. It does not always work out but by being proactive in the process you increase the sellers needs. Hope it works for you, it does make life long clients. :) Happy Selling
April 08, 2008 06:38 PM
Rainmaker
446,670
Jeff&Grace Safrin
SpousesSellingHousesTM
F.C.Tucker 1st Team Real Estate

Thanks for adding this very informative tip to our Blog posts comments- it has given us more insight and I', sure it will help others that stop by here as well. We will try your formula here in IN :)

Thanks again Keith & Robin - appreciate it!

Sincerely,

Grace

April 09, 2008 08:58 AM
Rainer
192,058
Tim Ludemann
Sand Castle Realty Group, Inc.

Great way to think outside the box in this trying time...i need to look into this more because my area doesn't have any idea about this and i would love to be the first...

November 24, 2008 10:41 AM
Rainmaker
446,670
Jeff&Grace Safrin
SpousesSellingHousesTM
F.C.Tucker 1st Team Real Estate

Hello Tim - just do a search on Google or right here on AR for REVERSE Offers and you will be amazed at the plethora of information available on the topic!

My last CRS instructor said it is a concept that was around years ago in slow markets, but vanished in the 90's during the real estate boom - time now to dust it off and bring it back :) we encourage you to be the first in your area- find some open minded lsellers and co-operative agents and try with buyers who see properties twice and like them, yet no offer?

even with 50/50 odds - it's better than doing nothing and waiting :)

Have a great thanksgiving

Sincerely,

Grace

November 24, 2008 11:14 AM
Rainmaker
446,670

Jeff&Grace Safrin

SpousesSellingHousesTM
Talk To Jeff & Grace Today!
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Northwest Indiana Real Estate - Lake, Porter, La Porte, Counties in NW Indiana. A Team Approach To Real Estate. We Are Internet Savvy! We provide you Valuable services and representation in Buying or Selling Real Estate and Relocation services : Competitive Market Analysis of Price, Marketing Plan that sells our Listings, Access to the largest buyer pool via Northwest Indiana Multiple Listing Service, Negotiation of Contracts. Coordination of the many aspects of Closing the Transaction: financing, inspections, insurance, appraisals, surveys, title work, deed, escrow, possession. Page copy protected against web site content infringement by CopyscapeF.C.Tucker 1st Team Team Real Estate serving NW Indiana

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