Episode #581 - Real Estate Only! When to write an early offer!
Ron and Don Radio
Ron and Don
4.9 • 937 Ratings
🗓️ 14 July 2023
⏱️ 20 minutes
🧾️ Download transcript
Summary
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| 0:00.0 | If you're in Seattle, Seattle, and you need to buy your cellar home, we'll be right there for you because |
| 0:09.7 | we're the realtors that you can trust. So good to riding does a down that come. Don't go anywhere unless you want to |
| 0:30.3 | Don't go anywhere unless you want to to the Ron Don show starring Ron Ron and sometimes me at Ron and Don.com. |
| 0:36.0 | Are you guys what's going on welcome to episode 581 now the Ron and Don show? |
| 0:41.0 | Yeah, it's Friday so it's real estate only it's just one topic |
| 0:45.7 | it's one segment and Iran today let's talk about early offers in the power of an early offer and when in a real estate transaction |
| 0:57.4 | you throw the checkbook down and write an early offer. |
| 1:01.8 | Now I have to say over the past couple years one of my favorite things to do |
| 1:06.3 | was to write an early offer on day one and throw the checkbook down and create as |
| 1:11.6 | much pressure as I can. Before we get to that though, let's talk about |
| 1:15.5 | what an early offer is and a lot of people are saying, well what's the difference |
| 1:19.2 | between an early offer and then I've heard of this thing called an offer review date. |
| 1:24.0 | What's the difference? |
| 1:25.0 | Yeah, let's rewind a little bit and just like set up some vocabulary words and some concepts. |
| 1:29.0 | So if you've been years and years and years where you haven't been buying or selling real estate, these could be a little foreign to you. |
| 1:36.2 | Because there was a time in the specific Northwest when there was no such thing as an early offer because you just people put their houses up for sale and then when someone wrote an offer that was the offer and you sold the house. |
| 1:50.0 | And so what began to happen, what created this whole concept? Well, it was market demand. So there, at a time, you know, I don't know, maybe 15, 20 years in that sort of range, there became neighborhoods in the Pacific Northwest where the demand outstripe |
| 2:07.5 | supply. |
| 2:08.8 | And so sellers were in a weird spot. |
| 2:10.8 | They're like, well, I don't know if I want to take the first offer that comes along. |
| 2:15.1 | What if there's a better offer there and I don't want to do first come first serve? |
| 2:20.0 | So legally, you know, it's part of fair housing, you can't discriminate against a buyer, right? |
... |
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