Easily Remove Currency in the Offer To Purchase Real Estate

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How to Remove Currency in the Offer To Purchase Real Estate

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are you thinking about buying a home in 2023 and you want to know how to write the best offer possible then this episode is for you hi Im Josh Alexander and your host of Orange County housing market news your One Stop Shop for all things Orange County real estate so if you want to be able to successfully buy or sell a home in Orange County this year make sure you hit that like And subscribe button okay so now lets go ahead and go over the top five ways to structure your offer in 2023 to give you the best chance of success when youre trying to purchase your home lets go ahead and get into it [Music] so you dont need to be a housing expert to understand that going into 2023 we are in a completely different housing market than we were in just a year ago so it makes sense that buyers are going to need to structure their offers differently in order to have success in todays market so right now theres one big difference between last years Sellers and this years sellers in terms of w

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Do sellers usually counter offer?

The best-case scenario when you submit an offer on a home is that the seller accepts it with no conditions. However, its normal for sellers to respond with a counteroffer, which means theyre open to begin negotiations.

Can a seller ask for more money after accepting an offer?

Yes. Imagine a situation where the seller got multiple full-price offers and is setting up for a bidding war. That seller might counter all of the appealing full-price offers, asking each suitor for a best and final bid, or request a specified higher price.

What is a reasonable counter offer on a house?

You can increase your asking price by enough to still get as high as your list price after paying the buyers closing costs. If your list price is $200,000, and the buyer offers $190,000 with $6,000 toward closing, you would counter with something between $196,000 and $206,000, with $6,000 for closing costs.

Should I counter a cash offer on a house?

When a seller gets a lowball offer, or an unreasonably low offer on the house, they should always counter. For the seller, the act of countering an offer tells the buyer that theyre still interested in selling to them if they improve the terms of their deal.

Can you negotiate a cash offer?

It should be a price tag higher than their quote, but slightly lower than your listed price. Most cash buyers are flexible and willing to negotiate, especially if they like your house. You can as well stick to your listed price, assuming you priced the property fairly from the start.

How do you remove earnest money from a contract?

Earnest money is refundable if the buyer has the proper contingencies in place, like an inspection or financing contingency. If contingencies have not been completed or removed, the buyer can use them as a way to get out of the contract with their earnest money deposit intact.

Why would a seller not counter offer?

Seller Rejected Offer Without Counter Typically, when a seller rejects your offer they come back with a counteroffer to potentially negotiate a deal what works better for them. If your offer is rejected without counter, it might mean that your offer was too low to be considered by the seller.

What can terminate an offer to purchase?

An offer terminates in one of seven ways: revocation before acceptance (except for option contracts, firm offers under the UCC, statutory irrevocability, and unilateral offers where an offeree has commenced performance); rejection; counteroffer; acceptance with counteroffer; lapse of time (as stipulated or after a

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