In today’s wacky market, many listings are asking for very specific things to be included with an offer to purchase a property. This may be things such as a certain contract form, or a set amound of escrow deposit, or a certain type of loan pre-approval.
Whether you like it or hate it, the seller gets to set the parameters under which they will accept an offer and sell their house.
We especially see this in bank-owned or “REO” properties as well as pre-foreclosures where the lender will need to approve the sale.
When I am selling a property, I always put in the listing that I want offers on a Far/Bar form only. This is because this is the contract that I am most familiar with and understand all of it’s clauses. When an agent submits an offer on any other form, I immediately have doubts about the brain-power of an agent that can’t read simple instructions, and I start to doubt whether this agent is savvy enough to get his/her buyer to the closing table or not.
Please don’t be the one the listing agent is wondering about…read the listing and follow the instructions that are spelled out. If you or your buyer aren’t WILLING to give what the seller is requesting, then move on to another house.
By the way, if it’s your listing and the seller is asking for silly things, keep in mind that you may have a harder time finding a buyer…in this market they can just go find something else where the seller is being more reasonable!
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