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You decided to list your property because you’ve already moved out and it's now ready to hit the market. Things are going great and there are many inquiries about it. You are lucky enough to get an offer on it as the market seems to be slowing down...
You decided to list your property because you’ve already moved out and it's now ready to hit the market. Things are going great and there are many inquiries about it. You are lucky enough to get an offer on it as the market seems to be slowing down a bit but maybe not on your apartment. Things seem to be going so great and the buyers are signing tomorrow and then suddenly radio silence from the other side. Well maybe they are signing the next day, you hope. But then very quickly you realize the deal is going sideways and just as quickly as it came it’s gone. We talked about what to do when deals fall through on the buy side so this week we wanted to address the sell side.
Communication and time are everything in a deal and so when time goes too long from an accepted offer to a contract being signed or if you stop hearing from the other side you will know you are in trouble. These are the signs of potentially you won’t be getting a signed contract so between an accepted offer to contract signing you want to keep up-to-date on what is going on to try to mitigate this.
Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com
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