I am primarily a listing agent in the Destin Florida market. In a normal week, I receive several offers on my properties all around the Emerald Coast. How many of these contracts are filled out correctly? Nary a one. Today I received an offer on a home in Niceville Florida. It was hard to even figure out what the offer was. First, the buyer's agent wrote the purchase price on the contract line labeled "deposit". She left the "purchase price" line blank. Next she checked off "cash with no financing". Next to that she checked "VA financing". She wrote in a closing date of March 31, about three weeks from now, but allowed the short sale lender 90 days to approved the contract. Are you starting to see something amiss here?
To top it off, she included her own comparative market analysis to justify her buyer's price. As if I would forward her price opinion to my seller, to supercede the one I did for them. What was she thinking?
I emailed the agent back, asking:
1. Is the earnest money "deposit" of $200,000 "really" the offer amount?
2. Are the buyers paying "cash" or doing "VA financing", as you checked both?
3. Do the buyer expect to close in three weeks, but allow the lender three months to make the decision?
I have not nit-picked agents' contracts too much in the past, but this year, I am done with being so nice. Now is the prime time to elevate the profession of selling real estate. Fill out your contracts correctly -- or expect a lot of cross-outs and initials until you get it right.
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email Wendy to sell your home or buy a home: firstname.lastname@example.org
Call Wendy Rulnick, Destin real estate agent, to list and sell your home or condo or help you buy a home or rental property on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County- Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. Wendy is a short sale and pre-foreclosure specialist and can help you sell or buy a short sale property in and around Destin Florida and the Emerald Coast.
All Rights Reserved. *Lesson #1 in Real Estate: Learn How to Fill Out a Contract * Contact Wendy Rulnick regarding Destin Florida real estate and vicinity. Copyright © 2009 by Wendy Rulnick.