Maine Real Estate For Sale !

head_left_image

How Big A Deposit, What Size Holds A Property For Sale?

Taking the property off the current inventory of real estate listings, how big a deposit, what sizes holds a property for sale?

Until the buyer can travel from out of state or perform whatever inspection, meet whatever delaying contingencies before finally proceeding to the real estate closing. Log jams, kinks that stop the flow of every day living are dangerous.pondering what to do lake photo

Time is money and delay in real estate marketing is costly.

As a Maine real estate broker who has to explain to the next hot to trot cash buyer that a property they are getting sweet on is already under contract, you want to be as sure as possible.

To uncover all the details, to look for red flags before advising a seller to sign this contract that takes the property out of serious marketing circulation.

What to do, should the seller accept this offer beyond just what is typed in the price blank on the contract software? Think long and hard. Have a seat. Sleep on it.

Before taking the property off the market effectively, careful study of the reasons for the delay in selling need pondering.

Considering the time of year and level of interest in the property also comes into play. Especially for waterfront property in Maine. When buyers may think of ice fishing and snow sledding in the dead of winter. But not eating grilled food on the open deck or tubing behind a jet ski, kayaking on like a bottle calm water.

Whatever makes study of more than the size of the deposit to "hold the property" so the buyer can go through the motions of whatever is needed to satisfy a bank or to provide time to finish up his last property sale in the domino of moving on to a new replacement piece of real estate to acquire. So does how many just like this listing is parked in the inventory. Is it feast or famine and what is the financial situation of the seller who may be just a few heartbeats away from losing the place due to cement shoe heavy economic strains pulling him to the bottom in a low point of his life. real estate vending truck inventory photo

If both the seller and buyer mutually benefit from the delay so be it.

But usually, delays of any kind in a real estate sale can be the kiss of death.

And we all know you take your first offer very very seriously.

Unless there is so so much attached to it that makes the chances of getting to a real estate closing on time or at all pretty dim. Slim to none because the way the contract to sell was structured was loose as a goose and very sketchy.

Nothing good happens the longer the sale is tied up on the operating table and the seller held hostage to death by paperwork, the fulfillment of contingencies. Read full real estate article on How Big A Real Estate Deposit Needed To Hold A Property?

I'm Maine REALTOR Andrew Mooers, ME Broker

info@mooersrealty.com | 207.532.6573

Log on www.mooersrealty.com   www.ownmainerealestate.com

www.youtube.com/mooersrealty

youtube icon chicklet,mooers realty youtube videos  twtter icon chicklet,mooers realty twitter  flickr icon chicklet,mooes realty flickr photostream  facebook icon chicklet,mooers realty facebook page  linkedin icon chicklet,mooers realty linkedin activerain blog rss feed, feed icon mooers chicklet blogger icon chicklet,mooers realty blogger site wordpress icon chicklet,meinmaine blog digg icon chicklet,digg mooers realty  google ning chicklet   mooers realty tumblr site  maine listings real estate logopinterest logo chicklet

 

 

 

Comment balloon 15 commentsAndrew Mooers • August 18 2017 01:36PM

Comments

Great post and advice...I am sure it will assist many folks!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) 3 months ago

Kristin Johnston - REALTOR® Deposits put in the trust account waiting for release at the real estate closing are very important areas to eagle eye in our job huh?

Posted by Andrew Mooers, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) 3 months ago

I do some checking with the lender to make sure things will move forward

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) 3 months ago

We don't work with deposits here on Long Island. We go directly to contract, so buyers better be ready to buy...

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo & Home Sale Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) 3 months ago

Local lenders give us the best results William Feela ...

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400  ... no deposit, no under contract.

Posted by Andrew Mooers, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) 3 months ago

Taking a property off the market at the wrong time can spell trouble. First of all, when a seller takes their home off the market, there are lots of sneaky agents ready to pounce on the owner, tempting them with fake buyers, making promises they can't keep, and giving the seller false hope.

The agent who first listed already put a lot of time into the listing. Is it fair to pull the listing from that agent just when there may be a potential buyer ready to make an offer? That agent already invested a lot of time and money marketing the property. More than half the work was already done.

Andrew Mooers is an agent in the know who knows the ins and outs of Real Estate. He's one of the best in Maine. I would listen to what he says. 

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) 3 months ago

The exposure stops, it is a total eclipse of the marketing when the marketing broadcast goes dark. The buyer that was tracking it figures it sold and when it does come back on the market, they are confused. Figure further on their own that must be something wrong with the property. Mishandling property delicate surgery means time, money, frustration the buyers and sellers don't need.

Posted by Andrew Mooers, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) 3 months ago

Hi Andrew, thanks for the post and advice. Enjoy the rest of your weekend.

Posted by Sybil Campbell, REALTOR® ABR, SFR, SRES Williamsburg, Virginia (Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia) 3 months ago

Thanks Sybil Campbell .

Posted by Andrew Mooers, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) 3 months ago

Great thoughts on the size of a deposit, Andrew.  Sellers need to carefully consider their options when under contract and look for serious engagement from the buyers.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 3 months ago

Thank you Gabe Sanders !

Posted by Andrew Mooers, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) 3 months ago

Ah yes....most especially in a Sellers market...Bigger is Better...write like you mean it and be rewarded with a new home !

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce - Short Sale (Keller Williams 414-525-0563) 3 months ago

Sally K. & David L. Hanson ... You got that right.

Posted by Andrew Mooers, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) 3 months ago

Oh, you're so right, Andrew! Having skin in the game and expeditiously performing Due Diligence is definitely key to keeping the transaction moving.

Have a great week, Andrew!

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) 3 months ago

Money down ... it shows you mean business as the buyer wanting the seller to park the property while you pull off the house out of the hat rabbit trick Debe Maxwell, CRS !

Posted by Andrew Mooers, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) 3 months ago

This blog does not allow anonymous comments