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what to do when you get an unsolicited offer for your home: ask joe - earphone offer price

by:Bodio Electronic     2020-04-25
what to do when you get an unsolicited offer for your home: ask joe  -  earphone offer price
My house is not for sale, but a couple left a letter in my mailbox that included an offer to buy my house.
Can they do that?
As it is currently a hot seller market in many parts of the province, some buyers are frustrated by the competition and are using creative ways to find their homes.
This includes writing personalized letters to homeowners and sometimes attaching quotes to see if they are interested in selling the house.
It shares an interesting story for homeowners at the table, and sometimes this approach can be good --
Time people who have already planned to move.
If you live in a particularly desirable community with few houses for sale, you may see more in these types of letters or offers.
There are no rules to prevent potential buyers or their reps from leaving a letter in your mailbox.
If you do not want to receive them, you may consider posting a sign "no bidding" at your door.
When you receive a quote like this, this is what you are thinking about, as in any other real estate transaction, it is important to know the situation.
The prospect of selling your house without having to clean, stage, or prepare an open house can be attractive.
But you will want to know about any trade
Interests that may be involved.
First of all, you will want to know if the buyer is represented by a real estate professional.
If so, remember that the salesperson or broker will represent the buyer in their best interests.
In this case, you may want to consider hiring a real estate professional to work on your behalf.
You may find their guidance helpful for services such as building market value for your house and negotiating with buyers.
And, as you may remember from my column last week, the services you get from real estate professionals may vary depending on your needs, commissions or fees payable can vary depending on the level of service provided.
Before hiring a real estate professional, you will want to make sure that you are satisfied with the services that will be provided and the commissions or fees you will need to pay.
It is also a smart idea to involve your real estate attorney early in the process to ensure that all details are taken into account and properly documented.
Next, you will want to take a look at the details of the offer to see if it meets your needs and expectations.
The quotation is in-
Matches the current comparison near you?
How much deposit does the buyer provide?
When will the deposit be provided and where will it be kept until it is closed?
When do buyers want to move-in?
Do you have enough time to find a new place to stay?
You will consider the biggest trade. off of all.
While selling your house
The market "has an advantage and a disadvantage that you can't ignore.
If there are no other potential buyers, you don't know if your house can be sold for more money or on more favorable terms.
It may be exciting to receive an active offer from your home, but you need due diligence to make sure it looks just as good.
Before deciding whether the offer is the one you should accept, you will want to stay calm and go through all this information.
Joseph Richer is a registrar of the Ontario Real Estate Commission (RECO).
He is responsible for overseeing and enforcing all the rules of the Ontario real estate professional.
Email an issue with askjoe @ reco. on. ca .
Find more tips in reco. on.
Ca, follow on Twitter @ recohelp or YouTube. com/RECOhelps .
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