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GREETINGS FROM VERNA ACKER
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MULTIPLE OFFERS ARE COMMON IN TODAY'S MARKET
Being a back-up buyer isn't always bad. Sometimes, in the flurry of
the offer process, buyers have been known to make irrational
decisions. A number of multiple offer transactions fall apart
because of second thoughts or “cold feet.” If you are a back-up
offer, know where you sit in the scheme of things. Be sure to
read the back-up position clause carefully to make sure that you
understand what conditions apply. Some clauses permit the sellers
to negotiate freely with the buyers in first position before canceling
the contract. Back-up buyers may be upset to find the sellers
renegotiated their contract with the primary buyers in order to
reach a satisfactory compromise without giving the back-up buyers
a chance to buy the home. The secondary offer clause in WB-13
states that there can be any number of back-up/secondary offers.
They are in no specific order and that the seller is not obligated to
elevate any particular secondary offer to primary position.
Don't give the seller an ultimatum if you don't mean it. You may
want to buy a home at the lowest possible price. The seller wants
to sell for the highest price. You should not convey to the seller
that you “won't pay a penny more” if it isn't true. In a multiple-offer
situation, the seller might counter another buyer, rather than you,
if they think that you wouldn't be receptive to a counter offer.
If you are interested in a home that you expect to be popular, don't
write an offer with the expectation of receiving a counter. If other
offers arrive at about the same time as yours, you may never get a
chance to respond with a higher offer. One of the saddest things
that can be heard from a buyer who loses the home of their choice is,
“But, I would have paid full price!” In a hot market, it is entirely
possible that you will have to pay over asking. Forget the idea that
“nobody ever pays asking.” Sale prices are often over asking. If
you want a home, don't quibble over a small amount of money for
an obsolete principle.
And, the cleaner your contract the better your chance to negotiate a
better price. A clean contract and a pre-approved buyer is often the
declared “winner.”
(This article is paraphrased from an article from Inman.com.)
NON-TOXIC PEST CONTROL
Traditional pesticides often carry toxic chemicals harmful to pets,
children and other household members. Authorities in Florida have
issued a list of non-toxic pest control methods designed to take care of
the crawlers and still protect your loved ones.
Go to: www.co.broward.fl.us/ppi00200.htm
GREETINGS FROM VERNA ACKER
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The Waterford Union High School will soon be expanded.
Voters approved a $9.65 million building referendum on Tuesday.
The measure will add 68 cents in taxes per $1,000 in assessed property
value. The current district mill rate is $4.23 per $1,000. The expansion
will get under way soon with completion slated for 2002, “weather
permitting and no surprises.” The newly approved expansion and
renovation will involve 266,000 square feet, designed to add space for
about 400 more students and major amenities and modernization, such
as a performance center and new technical education facilities. The plan
calls for 63,900 square feet of new construction, 33,500 square feet in
renovation work at the current building, and 31,800 square feet that will
come from connecting to Maple View Elementary School, east of the high
school building. The high school district is paying the Waterford Graded
School District $150,000 for Maple View and its three-acre tract, which
will be abandoned once the new Woodfield and Trailside elementary
schools are completed and operational in the summer of 2001. Under
the terms of the sales agreement, the graded school district will be
allowed to share use of some facilities in the high school, notably the
performance center……..School Board members sought the referendum
to address rapidly increasing district enrollment, which has been
averaging about 50 new students a year. The school's current capacity
is 1,000, and enrollment stands at about 960. The new school will have
room for about 1,400 and will also be designed to accommodate future
expansion.
HERE IS WHAT HAS BEEN LISTED & SOLD IN THE PAST
WEEK, through the Multiple Listing System:
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