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Serving Queen Anne & Magnolia Since 1919
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JUNE 14, 2017
when selling a home: What is the reasoning behind this? If you are planning with buyers also and to sell your home, many of them work or are in the market long hours making it to buy, you are likely difficult for them to familiar with the visit a property right concept of the offer away. Once they have review date. For those seen the property, and not familiar, the offer decide it is one on review date refers to which they would like Ken Graff to submit an offer, it the practice of placing a property on the may be necessary to CB BAIN market, but waiting a do a pre-inspection (as REAL ESTATE set period, often one opposed to making week, before reviewing the offer subject to any offers on the property. an inspection contingency). If More often than not, I advise there is time before offers are my selling clients to use the due, I can line up a qualified offer review date strategy. inspector or inspectors, giving In my experience, it is best my clients the opportunity to to expose properties to the thoroughly investigate the market for at least one week to property to their satisfaction allow as many potential buyers prior to submitting an offer. to see it (online, in person or When advising my selling both) as possible. I do high clients, I emphasize the quality photos and video for desirability of the “clean my listings and I use a service break” from the buyer. An offer to push my listings to multiple from a buyer that has done a websites. There can be a lag thorough investigation of a time of two or more days on property, or can do so after many websites, something offer acceptance, is much beyond my control, from the more likely to facilitate the time I make the listing active clean break as opposed to an until the time it appears on offer that blindly waives the some websites. To ensure as right to do an inspection. many eyes as possible see It should be noted that just “the product”, waiting to because an offer review date review offers allows maximum is given on a listing, the seller internet exposure. The same is not obligated to stick to that holds true for allowing as many date. It isn’t uncommon for people as possible to tour the me to see listings go pending home, and to give them time before their stated offer to do their due diligence prior review date. Someone comes to submitting an offer. I work along with an “offer they can’t
refuse”, and the seller decides to accept. It is the seller’s property and they have the right to do this. I recommend to sellers to stick to their stated date of offer review, but of course that isn’t my decision to make. I have listed many properties in Queen Anne and Magnolia that have received multiple offers on the date of offer review. In several cases my sellers have received offers prior to the offer review date, or I have been approached by buyer’s agents asking if my sellers would be open to an early offer. It usually is some variation on this; buyers will make an aggressive offer, and state that it must be accepted prior to the offer review date or they will not submit the same offer on the date of offer review. In my experience, this is usually a bluff. A recent Magnolia listing of mine had 14 offers on the date of offer review. Despite my telling buyer’s agents, at the instruction of the sellers, that they would not entertain early offers, 3 offers came in prior to the date of offer review. While all three were terrific offers, my sellers would have accepted an offer less desirable to them had they accepted any one of them. All three parties then submitted offers on the offer review date, and none was as ➧ SELLING Page R4
May Homes Sales in Magnolia Address
Bed
Bath
Sq Ft
Year Built
407 Halladay St 2508 13th Ave W
4 4
2.5 1.75
2,860 2,394
214 W Howe St 1020 W Ruffner St 4 W Lee St 1633 6th Ave W 1622 9th Ave W 3021 13th Ave W 502 Crockett St 403 W Comstock St
3 4 2 4 4 5 3 5
1.5 3.5 2.5 2.5 3.0 4.0 2.5 4.0
2,602 3,590 2,131 2,510 3,190 4,790 3,700 5,148
Original Price
List Price
1914 1905
Days on Mkt 7 11
$1,098,000 $1,150,000
$1,098,000 $1,150,000
1904 2006 2006 1904 1900 2007 1921 1909
7 1 6 7 14 6 7 2
$995,000 $1,250,000 $1,395,000 $1,298,000 $1,590,000 $1,395,000 $1,595,000 $3,585,000
$995,000 $1,250,000 $1,395,000 $1,298,000 $1,590,000 $1,395,000 $1,595,000 $3,585,000
Sold Price $1,130,000 $1,200,000 $1,250,000 $1,325,000 $1,400,000 $1,460,000 $1,554,665 $1,555,000 $1,575,000 $3,700,000
Information supplied by Northwest Multiple Listing Service
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What to do to stop unwanted phone calls (StatePoint) Whether you use a landline, mobile phone or both, you’ve likely received those pesky robocalls -- phone calls that use a computerized auto-dialer to deliver a prerecorded message. As a consumer, here is what to know about this common annoyance to your home or personal line. • Robocalls are often illegal. However, keep in mind that some robocalls are permitted, such as companies you have done business with under certain circumstances, medical appointment confirmations and school closing calls. Political and charitable calls are among others that also may be allowed, along with banks and telephone companies, provided those companies make the calls themselves. Remember, many robocalls illegally disguise, or “spoof,” their Caller ID information or violate other rules. • Advocates are (c) auremar - Fotolia.com working to mitigate the problem. For example, NTCA–The Rural Broadband Association and its members of more than 800 independent, community-based telecommunications companies are working to provide information to the Federal Communications Commission (FCC) Robocall Strike Force to further develop and implement solutions to detect, assess and stop unwanted calls from reaching customers. • Never respond to a robocall. The Federal Trade Commission (FTC) recommends that if you receive a robocall, simply hang up. They also warn consumers not to press any number to speak to a live operator or to unsubscribe from the list, as this will tell the robocaller that it’s reached a live number. • Don’t give out personal information: If you receive an unsolicited call from any company, including one you do business with, tell them that you will not give them information ➧ PHONE Page R4
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