Getting Buyers and their Realor/Agents to make an offer!! Can I buy a home with a Bankruptcy?
September 21st, 2007 . by Mike KellyHow long does it take a buyer to offer?
You can not quantify this action. My last 8 transactions all closed 98.5% of asking price and sold within 14 days of listing. I have four other properties which are going into 60+ days with NO offers. Think about an incentive with a specific time frame expiration.More… $10,000 in closing costs or Interest Rate buys down for an accepted offer within 14 days from today!! Fear of loss is the oldest motivator of them all! I’m buying a truck and the Seller of a very nice Dodge Quad Cab said she had another buyer who didn’t quibble about price but had to finance the truck. My wife, who REALLY wanted this truck and which was REALLY priced right, whispered to me, “I don’t want to loose this!” We paid full price because it WAS a great truck, low miles, superb condition and priced perfectly. I felt no qualms in giving the Seller full price! Take away ALL the obstacles to an offer. Make it easy to show, a pleasure to show! Give them a reason to show it, offer them something if they offer now! Have all reports done NOW! Remember, the more roadblocks you throw up to a prospective buyer, regardless of the market, always hinders the flow of offers.
Can I buy a home after a BK of one year ago??
Sure you can! But you’re not going to be looking for your dream home but a house with the best terms! In our area of Northern California we have a 1/3 of our listings which our vacant. I could get you into any number of scenarios. My big question for you is why the BK? Is there some credit reestablished? And WHY DO YOU WANT to buy a home? I do not believe home ownership is for everyone. Some folks should rent! That’s it! You went BK so the bigger question may be can you really handle your finances and live in a credit world?
