Ep. 20 – Sellers: Receiving Offers

Summary

In this conversation, Ben Harang and Clint C. Galliano discuss the intricacies of receiving and evaluating property offers. They cover essential aspects such as understanding the offer, evaluating the seller's net proceeds, navigating title issues, and the importance of inclusions and exclusions in sales. The discussion also delves into contingencies, financing conditions, and the timing of appraisals, providing valuable insights for both buyers and sellers in the real estate market.

Takeaways

·         Review the offer and note contingencies and timelines.

·         Understand the importance of the seller's net proceeds.

·         Title issues can complicate transactions significantly.

·         Movable items can be included or excluded in sales.

·         Contingencies can affect the closing process.

·         Appraisals should be ordered promptly to avoid delays.

·         Realistic cost assessments lead to smoother closings.

·         Backup offers can lead to complications if not managed well.

·         Pay attention to additional terms in the purchase agreement.

·         Communication is key in navigating real estate transactions.

Sound Bites

"It's not always the driving factor."

"We try to make it as easy as we can."

"All right Clint, have a good one."

Chapters

00:00 Teaser

00:19 Introduction

00:33 Welcome

01:48 Understanding Property Offers

04:13 Evaluating Offer Components

06:26 Title Issues and Their Impact

10:49 Proactive Title Management

12:57 Navigating Title Complications

13:59 Movable Items and Seller Considerations

15:49 Contingencies and Loan Types

18:31 Appraisal Timing and Its Importance

21:16 Seller Net Sheet and Closing Costs

23:38 Counteroffers and Negotiation Strategies

26:07 Additional Terms and Conditions

29:26 Final Thoughts on Offers

33:23 Disclaimer

Hosts 

Ben Harang, REALTOR® La. 

License #: 36589 

Keller Williams Realty Bayou Partners 

Mobile: 985.859.2500 

Office: 985.262.4400 

[email protected]

benharang.com 

Clint C. Galliano, REALTOR® 

La. License #: 995704723 

Keller Williams Realty Bayou Partners 

Mobile: 985.647.4479 

Office: 985.262.4400 

[email protected]

clintcgallianorealtor.com 

Produced by Clint Galliano 

Music by Wiggins Studios

Keywords

real estate, property offers, seller's net proceeds, title issues, purchase agreement, contingencies, appraisal, financing conditions

 
Click here to view the episode transcript.