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First-time Home Buyers Don't Be Afraid To Make An Offer

First-time home buyers, don't be afraid to make an offer.  If nothing else you are getting practice.

I was referred two buyers about ten days ago from clients with whom I just closed a purchase about three months ago.  Their budget is around $325,000 which is nothing for the Los Angeles area, certainly in terms of a house, and a condo is not going to be in the most desirable area at anywhere near that price.

I sent a bunch of listings, in various more affordable areas, most of which were condos. Then, suprise  surprise, a house came on the market at $318,000, in a slowly up and coming area, Mt. Washington.  It is tiny. Probably around 600 and something square feet (additions were not included) and they said they would like to see it.
Mt. Washington

I met them today, for the first time, at the house.  It is absolutely adorable.  Tiny but adorable.  The grounds are what make it.  The owner is an avid gardener and has done a lovely job.  The house seems to be in great condition and there is potential.

This is the first house my buyers have seen and they are ready to make an offer.  

That is the way to do it.  You see something you like you make an offer.  It just came on the market and there are already a couple of offers.  No wonder at that price!
Mt. Washington

These are the perfect buyers.  They love it and they want to buy it. 
Mt. Washington

Let's see what happens.  But whatever does, they know how it feels to put together an offer.

 

 

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Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

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Comments

Good luck with the buyers, let us know what happens with them and if they get the condo. I'm in a similar situation and my buyer has yet to make an offer. The deadline is approaching for the tax credit, so they better move quickly!

Posted by Taylor Shults, Realtor®, GRI (Watters International Realty, LLC) over 2 years ago

Ah Good luck Jane,  I love these kinds of buyers - they come, they like, they make  an offer.  The house sounds adorable!

Posted by Mary Douglas, REALTOR ®, Red Feather Lakes, Colorado (United Country Ponderosa Realty) over 2 years ago

Thank you, Taylor.   It is actually a house, which is amazing for the price.

Mary, thank you.  These are great buyers.  The best kind.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) over 2 years ago

Good luck Jane. Buying the first home they've seen would be fantastic.  I always enjoy reading your blogs.

Posted by Haris Dedic, Mount Prospect Real Estate (Prime Realty Group 847-878-2588) over 2 years ago

Thank you, Haris.  You are too kind.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) over 2 years ago

Good job Jane!  Sometimes a house just "feels" right. I hope they get the winning bid!

Posted by Jen Bowman - Atlanta GA Realtor - Cobb County - Smyrna, Vinings, Marietta (Keller Williams Realty Cityside) over 2 years ago

Jane, I always figure if I get booted out of the first attempt, the next offer will be a breeze to write up and the buyer will be more  realistic on all areas...the fear of loss is a great motivatior. I hope you won the bid and your buyers live happily ever after!

Posted by Jane Cross (Homes By Cross serving Charlotte NC Real Estate Needs) over 2 years ago

Wonderful advice, Jane, for first time buyers!  I have met many that are scared and it is our job to ease those fears.  It sounds like you did all the right things and I hope this works out! YAY!

Posted by Leesa L. Finley -Wake Forest NC REALTOR® Wake Forest NC & Raleigh NC Real Estate (Circa Properties - Your Wake Forest NC Homes Specialist) over 2 years ago

Jane,

When I bought my first house - it was the first one I looked at. AND, I made the right decision. I wasn't in real estate at that time. I told the Realtor I wanted to make an offer and he looked at me like I was nuts. But, you just know when it's the right one!

Good luck to your Buyers!

Posted by Lori Cain - Midtown Tulsa Real Estate www.tulsahomeforsale.net 918-852-5036 (Chinowth & Cohen Realtors ) over 2 years ago

Jen, thanks.  This will be an interesting excercise. 

Jane,  they buyers are actually in love with this home and are giving it all they've got.  Thanks for dropping by.

Leesa,  thanks.  I hope they buyers do get it,.

Lori, you are right.  This house reminds my buyers of where they are from, the Applachians.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) over 2 years ago

Good thing you were on top of the new listings Jane. Everything sounds perfect and I hope it closes that way too.

Posted by Lee & Carol Barbour, Realtors® Murphy, NC Homes For Sale (Mountain Living Team - Coldwell Banker High Country) over 2 years ago

Hi Jane - I know that feeling all too well of being in love with a home and hoping it all goes well.  Truth be told - we actually lost the bid for the home we loved and days later were told it fell through and today we are in our dream home, that very home that we fell in love with at first sight - great things can happen and I'm hoping that your clients will get their dream home.  Keeping my fingers crossed for them. ~Anne Marie

Posted by Anne Marie Malfi, Real Estate Marketing Consultant/Virtual Asst, Bucks County,PA (Malfi Marketing Solutions ~ for real estate professionals) over 2 years ago

Carol, thanks for your kind thoughts.

Anne Marie,  There is another post about the vagiaries of making offers on something you love. I'm glad yours worked out well.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) over 2 years ago

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