Buyers... sorry that offer is pending .... so one buyer wants to go out EVERYDAY

And the buyer says ..... can we go out looking EVERYDAY???

The market is so confusing right now that it is almost that you have to take the buyers out to view properties at least 2 times a week!  The properties are not staying on the market long, the offers are going way higher than the listed price and therefore the offers are in Pending before you can set up an appointment to go out and view it.  Is this a good thing? What about your other buyers and other things you have to do during the day?

It is a good thing for the seller and the listing agent, but it is unfortunate for anxious buyers if there is no time to get the offers submitted before they are gone.

Fannie Mae has changed the way of their listings:

• 3-5 days on market before they will consider the offers ** this include the NSP buyers (assisted)
• Offers up to 15 days will only be for the owner occupied buyers
• After 15 days investors offers will be considered

Although we don't agree with all of Fannie Mae rules, these are a few good changes.

FHA buyers have enough competition and restrictions to their purchase -- this change should help them get at least a chance at the listings.  FHA will not lend on flips that are younger than 90 days.

While it is almost impossible to take one buyer out EVERYDAY... it is wise to go often so your buyer does not miss the buying opportunity.

Need an agent?  Give us a call...

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