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Why Wasn’t My Offer Accepted?

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We often run into people that are “TRYING” to buy a house in our area of California (The Temecula Valley).  People who have signed offer after offer to get either no response or multiple counter offers- pushing them out of obtaining the home they want. Eventually these Buyers either start making random offers on houses they don’t even really want- just trying to get one which doesn’t usually solve the problem or they burn out completely on the process.  And they go back to renting, discouraged and not building equity in a home of their own.

In super hot real estate seasons this happens.  Lots of offers.  Lots of chaos.  Only the strong and cash rich get the best houses. Insider trading so to speak, etc.  There are seasons. ( roughly 2011-2013 in our area ) And you have to know what season you’re in when you go out to purchase a home (or sell one).  In some cases only certain areas of the market are being affected by the season. You have to know this too.

But what if the season is neutral?  It’s not a buyer or sellers market right now so a reasonable offer and reasonable negotiations should net you the home you want.  Mortgage rates are awesome, Sellers have gained equity back.  So why isn’t your offer being accepted?  Here are some issues to consider:

  • OFFER IS TOO LOW TO BE TAKEN SERIOUSLY  Unless you have some insider information that the Seller is desperate or they have verbally opened themselves up to a low price…this is dangerous territory.  You run the risk of insulting the Seller and now we are on slippery footing.  Your Realtor should provide you with recent sales around the home so that you are educated on value.  Make reasonable adjustments for upgrades/downgrades and put together a serious offer.  If it’s determined that the house is not priced right to begin with- it usually indicate that the Seller isn’t being serious yet either and well, there’s nothing to be done about that yet.
  • YOU HAVE MULTIPLE OFFERS OUT  Unless you are an investor buying up multiple homes…you shouldn’t have more than one offer out. Every offer you sign is a good faith promise to purchase (if the home passes all your inspections)  Why would you be promising to purchase more than one home at a time?  If I’m the listing agent and I find out you have offers out on more than one house?  You won’t be taken seriously.
  • YOU’RE NOT PRE-APPROVED  Listen the market is faster and smarter than ever before.  You need to be armed with the exact loan dynamics you are planning to purchase this home with.  This information needs to be in writing, submitted with your offer and it needs to be verifiable.  Your financing needs to be clear in your offer to purchase.  If you go house hunting before you have this we run the risk of not being able to obtain the home you want because we can’t prove (yet) that you are capable of the purchase.
  •  YOUR REALTOR IS NOT A PRO  Here are some examples of how your Realtor can cost you the house;
  1. Poor Communicator-  If you have any issues communicating with your agent- this could be an indicator that your agent may have trouble communicating with others, other agents and ultimately-communicating your offer satisfactorily.
  2. Not Accessible- Is your agent part time? Only available nights and weekends? Doesn’t answer their phone or return their calls quickly?  Your agent needs to be 100% accessible during the negotiation stage of your offer.
  3. Not Experienced- There are exceptions to this- we all had to get through our first sales.  But I would argue that most aspects of our business (real estate) cannot be taught.  They have to be learned through trial and error.  Are we better Realtors after 15+ years in the trenches?  Absolutely.

So long story, short- The average days on market in the Temecula Valley have moved into the 30-60 day margin.  This clearly indicates that the market has leveled and has become a more neutral ground for Buyers and Sellers to negotiate in.  If you’re making offers and they are not getting accepted…take a look at this list.  If you determine that a professional, full time real estate team may be the answer…give us a call, text or email at (951) 522-0518 and april@teamgreer.com

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Connecting Qualified Buyers and Sellers in the Temecula Valley since 1998!

Mortgage Don’ts

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Some helpful financial tips for when preparing to purchase a home and take out a new mortgage:

DON’T

APPLY FOR NEW CREDIT Changes in credit can cause delays, change the terms of your financing or even prevent closing.  If you must open a new account (or borrow against retirement funds) please consult with your loan officer first. Please know you would not be the first person to lose their house by buying a new car while in escrow!
CHANGE JOBS DURING THE PROCESS Probationary periods, career or even status changes (such as from a salaried to a commissioned position, leave of absence or new bonus structure) can be subject to very strict rules. It is not uncommon for the loan company to call your employer very close to your closing date to verify or even re-verify your terms of employment!
MAKE UNDOCUMENTED DEPOSITS  Primarily large but sometimes even small deposits must be sourced unless they are identified.  Make copies of checks and deposit slips.  Keep your deposits separate and small.  Avoid depositing cash.  The lender will continue to collect current bank statements all the way until closing!
EVER BE AFRAID TO ASK QUESTIONS  If you’re uncertain about what you need or what you should do, call your loan officer or real estate professional and seek guidance.

Ready to take the first step and find out what type of loan program might be right for you?  Would you like to know what your current buying power is?  Not sure if it’s the right time?  We are happy to provide you with a list of local, professional and proven loan officers to help fill in the blanks.  Just email us a request at april@teamgreer.com and we will send it right over.

We’ve been connecting qualified Buyers and Sellers in the Temecula Valley since 1998.  This includes, Temecula, Murrieta, Menifee, Sun City, Wildomar, Winchester and Lake Elsinore.  We’re just a phone call away.  (951) 522-0518 for April or (951) 522-6308 for Gary and we’re here to help!

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Why Do I Need a Realtor?

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It’s unfortunate that Buyers still try to go it alone on their home buying journey. They don’t realize that at some point a relationship is going to be made with an agent and in some cases it will be completely unintentional. Here are some quick facts to help:

     As your agent, we will be your agent and work 100% in your corner throughout the entire transaction. You need what we have to offer…access to every home you want to see, information to make an educated offer and quality follow through from the professional packaging of your offer to guiding you through the inspection and escrow process to the final delivery of keys on a successful closing.
     You don’t pay us, the Seller does. We work completely for free until the transaction closes and then we collect a portion of the Seller’s proceeds as our fee. This fee is pre-determined and set by the Seller when the home comes on the market and is not a part of negotiations between Buyer and Seller.
     You need to choose us before another agent chooses you. If you are not represented…the agent you randomly call to have a house opened for you or if you walk into the open house of your dreams…you just picked the agent that happens to be there for better or worse.

Would you like to interview us for your home buying journey?  We are happy to sit down with you and go through how and what we will do for you while you are making perhaps the largest purchase of your lifetime.

Contact us anyway that you feel comfortable.  Phone or text at 951-522-0518 or 951-522-6308.  Email at april@teamgreer.com or gary@teamgreer.com  Twitter at AprilSells

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Connecting Qualified Buyers and Sellers in the Temecula Valley since 1998

 

 

42650 Calle Contento, Temecula

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  VIEWS ABOUND $1,335,000

Just Listed in Country Road Estates of South Temecula!  Impressive 5089 SQ FT Single Story with a 5 Car Garage including RV garage with pull through access.  Features include 4 Bedrooms, 4.5 Baths,  and Office.  Home is absolutely gorgeous inside and out with volume ceilings, custom paint,  crown molding and travertine floors.  Gourmet kitchen boasts built in refrigerator, double ovens, 2 sinks, high end range with Wok burner, and slab granite counters. Family Room boasts 180 degree views with full service wet bar including wine cooler and separate ice maker.  This nearly 5 acres is fully fenced with automatic gated entry, circle driveway, beautiful landscape, outdoor kitchen and a very large pad to add another home, horse facilities, etc. with separate entry.

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     view, contento

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To See this Home or Any Other Home for Sale in The Temecula Valley call Gary and April Greer at 951-522-0518 or 951-522-6308

Team_Greer-com

31130 Humbolt Court, Temecula

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  $424,900

Just Listed in Central Temecula!  Spacious Pool Home with 3 Car Garage.  Nearly 2300 SqFt and Features include 4 Bedrooms, 3  Baths.  Home is perfect for entertaining and family gathering inside and out with new Gourmet Kitchen with new cabinets, slab granite counters,  commercial style cook top and vented hood, double ovens!  Huge private yard with sparkling pool, covered patios, above ground spa, waterfalls, porch swing and gas fire pit.   Located on an approximate 1/4 acre corner lot in a cul-de-sac.   Low Taxes and No monthly  HOA fees.  Temecula Valley Unified School District.

  

To See this Home or Any Other Home for Sale in The Temecula Valley call Gary and April Greer at 951-522-0518 or 951-522-6308

Team_Greer-com

Electronic Lockboxes and Your Property

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lockboxWhy We Use an Electronic Lockbox on EVERY LISTING-

  • They are the only type of basic security measure that we can provide when listing your home.  Only Agents in good standing with the Board of Realtors possess an electronic key pad that will open the box.  If something goes wrong with an Agent or they are no longer in good standing- their key pad can be turned off.
  • Electronic lockboxes can be assigned to your property which means that every time the lockbox is opened- the holder of the keypad is identified by name, brokerage and license number along with the date and time the box was opened.
  • Electronic lockboxes can be set for Timed Access which means we can set them to be inaccessible after 9:00 pm and overnight so that there are no accidental showings at night.

This is the safest way to show your home.  Anyone can impersonate a Real Estate Agent.  They can even get cards made.  We urge you to demand that your Real Estate Agent provide an electronic lockbox and then make Real Estate Agents that bring Buyers to look OPEN IT- even if you are home and require “appointment only” showings.

The only reasons that a Real Estate Agent would not provide one is that  1) The Agent doesn’t want to spend the money on them or 2) They do not work primarily in your market area so they are not easy to obtain- which also just boils down to money.

DEMAND AN ELECTRONIC LOCKBOX.  PLEASE.

Are you considering a real estate move in the Temecula Valley?  We’re here to help!  Call us at 951-522-0518 or drop us a line at april@teamgreer.com

Team_Greer-com

 

 

42522 Bradshaw Drive, Temecula, CA 92592

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  $450,000

SEE VIRTUAL TOUR HERE

Just Listed in South Temecula!  Spacious 5 Bedroom + Loft with an extra deep 3 Car Tandem Garage.  Over 2600 SqFt and features include slab granite kitchen counters, stainless appliances, double ovens, upgraded flooring throughout, ceiling fans, etc.  Home is absolutely gorgeous inside and out from the inviting front porch to the spacious backyard!  Property includes energy saving solar system and solar screens.  Built in 2011 just down the street from a neighborhood park and walking distance to schools.  Located in Paseo Del Sol with Neighborhood Pools, Fitness Center, Tennis, Basketball, Sand Volleyball, Monthly activities and miles of greenbelts and walkways connecting to numerous park and picnic areas.  HOA is currently $ 84/month.  Very Low Taxes!

  

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42522 Bradshaw Drive Temecula-large-042-42522 Bradshaw Drive-1500x1000-72dpi 42522 Bradshaw Drive Temecula-large-043-42522 Bradshaw Drive-1500x1000-72dpi

To See this Home or Any Other Home for Sale in The Temecula Valley call Gary and April Greer at 951-522-0518 or 951-522-6308

Team_Greer-com