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No. 17 Vol. 5
My Life Publications • 1-800-691-7549
May 2021
800-939-JUNK
Pompton Resident Brings The No Truck Tow Truck to Life
NEIGHBORHOOD PROPERTIES 381 Main Rd, Montville 973-334-3341
D Owner/Sales Associate
973.477.9877
Each Office Independently Owned & Operated
A RE/MAX AGENT CLOSES A DEAL EVERY :30 SECONDS HOW SELLERS SCREW UP MULTIPLE OFFERS AND HOW TO AVOID IT
BY: MICHAEL RICE Multiple offers are a seller’s dream. They often lead to a bidding war and bidding wars often lead to a higher sales price. Multiple offers happen by luck or by orchestration. When determining an asking price, there are many strategies a seller can use. If you’re lucky enough to receive multiple offers, you’ll be in a great negotiating position. Relay on your agent's experience.
Rules of the Game
You and your agent are under no obligation to tell the other buyers anything about the other offers. If you’re thinking, Aha! I should just pretend to have another offer – think again.
7 Pro Do's & Don'ts for Handling Multiple Offers
1. Narrow it down to the top 3 or 4 offers 2. Use a bad offer to push up a good offer 3. Don’t fall for the Bully Offer 4. Don’t focus too much on price 5. Have your inspection done prior to listing your house 6. Sell “As Is” 7. Best and Final Offer
by Elsie Walker uring Spring 2020, Pompton Lake resident Laura Jennings found herself working at home, balancing an eight-hour workday with caring for her two-yearold son, while her husband, an essential worker, was at his job. One day, Jennings and her son were looking out the window at what was going on outside. They noticed a tow truck which wasn’t towing a vehicle. She described it to her son as “the no truck tow truck” and started to make up a story about it. In a recent interview, Jennings teased that in the story, “The No Truck Tow Truck has an existential crisis”. A tow truck’s goal is to tow a truck, but it had none. Through rhyming and alliteration, she told the story of how the No Truck Tow Truck helps his friend Tommy Truck and they both benefit: Tommy gets fixed and the tow truck fulfills its goal. Jennings worked on editing her story by retelling it to her son and fine tuning it, then shared the story with her husband. He thought it was good. Jennings felt she was on to something and “beta tested it” with other parents she knew, so that other children heard it. The feedback was very positive and Jennings wanted to make The No Truck Tow Truck into a 10-page children’s book. Jennings is not an illustrator and a children’s book needs pictures. However, she didn’t have a big budget. During the 2021 Superbowl, she saw an advertisement for Fiverr (www.fiverr.com), a place where freelancers market their services. There she found Michelle Vergara, of California, who became the book’s illustrator. Jennings decided to self-publish the book as it would be quicker than looking for an agent and working with publishing houses. Also, the latter might want changes that she didn’t agree with, and with self-publishing, the
author has more control. However, Jennings noted “it [ self-publishing] is costly”. To fund her book, Jennings had a Kickstarter campaign this past March. She refers to Kickstarter as “an incubator for small business ideas”. On the Kickstarter website (www.kickstarter.com), a person can advertise a project he/she wants to fund and is given a month during which the funds can be raised. People who want to see the project done (known as backers) input how much they would contribute to it. Rewards (in this case one was a storyboard of the book) are given for certain levels of contribution. If a project's monetary goal is met by the end of the continued on page 6
Multiple Offers! Bidding Wars!
ON BACK
Trust Your Gut
Choosing the right buyer often comes down to gut instinct. Lean on your agent’s experience. A good agent will be able to guide you to the best buyer who is most likely to close. This involves not only evaluating the integrity of the offer, but many other factors that help determine which buyer is most likely to provide the outcome you desire. for details read the full blog:
https://www.conejovalleyguy.com/sellers-screw-up-multiple-offers/
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