In these days of rampant Thinventory in various parts of the country....sometimes Buyers have second thoughts about the offer they wrote. Was it strong enough ? Should they have shown the Seller more sincerity with more earnest money ? Could they have closed earlier ? Should the price have been higher ? How can a Buyer fix those "second guesses"....the woulda, shoulda, coulda and didn't the first time they wrote the offer ?
As Broker Associates in Wisconsin...we can only answer what we can do in Wisconsin....and what we see done more often in these days of "thinventory."
After an offer is written the Buyer(s) and their agent may have a discussion that goes like...."What IF....I/we would have......name that part of the offer.... increased earnest money, price, shorten inspection deadline,had a more flexible closing date etc. " Oh those nasty second thoughts that swirl in the Buyer's head after the offer has been sent to the listing agent !
When will the offer be presented ? In these days of multiple offers....that is an important fact for the Selling Agent to know....and relay to the Buyer(s).
Hmmm...it's only 2 p.m. and the offers are not being presented until 6 p.m. That is plenty of time to have the Buyers "counter their own offer" if they choose to strengthen it in some way. The agent uses the same form that is used for a "regular" counter offer...in Wisconsin, it is a WB-44, and changes whatever part of the offer that the Buyer wishes to add strength to the offer before it is presented. Voila ..A second thought FIXED !
This can be the difference between winning and losing...getting the dream house or not...and one more tool to combat the battle of Thinventory running throughout the country.
This is a professional service post brought to you by Sally K. & David L. Hanson, Broker Associates with Keller Williams Realty honored to be of service for all things real estate in Kenosha, Racine, Walworth, Milwaukee, Waukesha, Ozaukee, Washington and Jefferson counties.