RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

A Multitude of Tips for Multiple Offer Situations – Pt. 2

September 21, 2016 1:51 am


Multiple offer situations, or cases in which more than one competing offer is placed on a home, can be challenging for a home seller.

Knowledge is half the battle when navigating the multiple bid minefield. Below are insights and tips from the National Association of REALTORS® (NAR) all sellers should be mindful of:

• In a multiple offer situation, your listing agent will share various negotiating strategies for you to consider—you might accept the “best” offer, for example, or you might inform all potential buyers that other offers are “on the table” and invite them to make their “best” offer. You might instead “counter” one offer while putting the other offers to the side, or “counter” one offer and reject the others.

• Each of the approaches above has advantages and disadvantages, and though your agent will explain them to you, it is ultimately your decision as to which strategy to take. Inviting buyers to make their “best” offer may produce an offer (or offers) better than those “on the table,” or it may discourage buyers who feel they’ve already made a fair offer and cause them to break off negotiations. Bear outcomes like this in mind as you weigh your options.

• A multiple offer situation will inevitably become a one offer situation, leaving other buyers disappointed. Fair and honest treatment throughout the process, as well as prompt, ongoing and open communication, will help buyers—successful or not—walk away without ill will.

Keep in mind, most importantly, that your agent’s guidance is based on experience, and is no guarantee as to how any particular buyer will react. Above all, your best line of defense is an agent seasoned in multiple offer situations.
 

Published with permission from RISMedia.


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What to Buy (and Not to Buy) in September

September 20, 2016 1:48 am


The perfect storm of Labor Day, back-to-school and end-of-summer clearance sales make September ideal for bargain-hunters. From consumer watchdog DealNews.com, here’s the scoop on what’s best to buy in September—and what purchases to put on the back burner:

Summer Apparel – No surprise here—retailers ranging from big-box outlets to designers blow out summer styles in September. Pro tip: Buy for your family now and stow it for next year.
 
Grills/Patio Furniture – Like summer apparel, leftover grill and patio furniture inventory goes on sale in September. Look for items stacked at the front of hardware and home stores for the best bargains.
 
Big-Screen TVs – The best big-screen buys in September are on mid-size models (the perfect size for apartments or dorm rooms), but larger sizes are often marked down, as well.
 
Mattresses – Historically, the best times to purchase a new mattress were in April or May—but Labor Day sales are becoming another contender. Pro tip: Double-down on a deal by using coupons on top of sale prices.
 
Laptops – Seventy-five percent of laptops are discounted considerably for back-to-school season. Big-box electronics providers are your best bet for the best deals.
 
Previous-Generation iPhones
– There are appreciable savings to be had on older iPhones in September, when the new model typically rolls out. Rock-bottom bargains on these devices can be found on online auction sites, like eBay.
 
Textbooks – Both buyers and sellers of textbooks can expect deals in September, when need is highest.
 
DealNews.com advises shoppers to hold off on buying washers, dryers and other large appliances, as well as some electronics, in September. While the month brings decent sales on these items, Black Friday sales in November have historically yielded better savings.
 

Published with permission from RISMedia.


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