What exactly is an Irrevocable Period in Real Estate? As Real Estate Agents, we use the term all the time, but most Buyers and Sellers are likely not entirely sure exactly what this ‘irrevocable period’ is. Simply explained, the irrevocable period of an offer is the time during which that offer can no longer be changed […]
Tag Archives | Negotiating
Buying a House in Thunder Bay after an Open House
So, you are considering buying a house in Thunder Bay, and you went through an Open House this weekend, and you loved the house, and now you want to buy it- what do you do next? For many home buyers who have not yet sat down with a Real Estate Agent to discuss the process of […]
Negotiations- Tactic VRS Real Skill
There is a new tactic emerging amid real estate negotiations in Thunder Bay, and I’ll refer to it as the ‘The Ransom Demand’, as that is the most interesting way that I’ve heard my colleagues refer to it. While I can’t speak for the Agents that are utilizing this tactic as a means to an end, what I […]
Listing Price: Ask For More, And Get Less
When it comes to listing price, one of the most common myths amongst home sellers is that if they price their home higher than what it is actually worth, they will be more assured of actually achieving their target price during the negotiating process. For instance, Seller Smith wants to list his home at $285,000, […]
Sale Pending; What it Means and What it does not Mean
It happens all of the time; the phone rings, and it’s a Buyer on the other end who has driven by a For Sale sign, is responding to an add in the Real Estate News, went to last weekends Open House, or was just perusing MLS looking for a new home. This particular Buyer has […]
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