Leave a Message

By providing Market Real Estate your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

Thank you for your message. We will be in touch with you shortly.

Sellers playing the field for Backups

July 15, 2021

Sellers playing the field for Backups

Not every real estate transaction is going to close escrow. Things happen, like buyers changing their minds, loosing their jobs, or simply winning the lottery and moving to Maui. As a seller, it’s important to be prepared for the potential cancelation of an escrow. More importantly, it’s crucial that the listing agent have a plan for this situation.

Part one of the plan to cultivate backup options is to price the property correctly. This allows the seller to negotiate with more than one party. An over priced listing will not allow a seller to play the field in search of the best qualified buyers. If there is no field, then there are no backups!

Part two of plan as a listing agent is to have backup viable options. It’s important to stay on good terms with the buyers and agents who did not get their offers accepted. By the way, this is not easy. Buyers become emotionally invested in the property they’ve offered on. Letting those that didn’t get their offer accepted know that they’re your first call if the current deal falls apart is critical. On the same note, a good buyer’s agent who didn’t their offer accepted will stay in touch with the listing agent. It’s important for the buyer’s agent to stay top of mind.

Part three of the plan is to avoid going back on the market. We don’t want to go back to the market unless we have to do so. A backup buyer will think they’re getting the inside track and an exclusive chance at getting back in on the property. Once you’re back on the market you’ll loose that critical leverage.

We work all day and every day to make sure that our clients transactions close. Take advantage of our expertise and ensure you have a plan B.

Recent Blog Posts

Stay up to date on the latest real estate trends.

Navigating San Diego's Real Estate Market: Your Best Opportunities Right Now

August 19, 2024

Unlocking Real Estate Opportunities: VA Mortgages and Today's Market Trends

August 19, 2024

The DST is Ideal For Aging Investment Property Owners

February 15, 2024

Perch Wealth, Featured in BIZNOW, explains DSTs

Mortgage Rates, Home Values & The Rental Market

September 28, 2022

Mortgage interest rates play a huge role in home values. These rates are now at 2002 levels, up sharply from all time lows in 2021. The average 30 year fixed mortgage … Read more

Out of State Investing

April 7, 2022

Let’s face it… A lot of real estate investors are priced out of California, and prices are continuing to climb. Here is an example. In 2012 an investor could purchase … Read more

Out of State Investing

April 6, 2022

Let’s face it… A lot of real estate investors are priced out of California, and prices are continuing to climb.

Use a Liquidator Instead

March 16, 2022

Market Real Estate specializes in selling inherited properties. Oftentimes our clients have a quite a project on their hands. One of their biggest concerns is what to … Read more

Use a Liquidator Instead

March 15, 2022

Market Real Estate specializes in selling inherited properties.

Pre-Sale Improvements that Add Value

January 6, 2022

We highly recommend a fresh coat of paint. Paint creates a huge return on investment. The “in-style” colors seem to change fairly quickly these days. We went from tans… Read more

Let's Talk

You’ve got questions and we can’t wait to answer them.