Using an “Offer Expiration” When Buying Real Estate in Charlotte NC

  When buying real estate in Charlotte NC, placing an offer to purchase a Charlotte NC home is the first step in opening negotiations between the buyer and seller of that home.

  It’s possible to place an “offer expiration” date and time on your offer to purchase a Charlotte NC home – a deadline by which the sellers must give you a response to your offer.   An offer expiration deadline can provide a timeframe for the buyer so that you can either proceed with negotiating contract terms or go on your way to the next property that made your list of top contenders.

   An expiration deadline on an offer to purchase a Charlotte NC home is just that, a deadline by which you either have an answer or your offer automatically expires and no longer is on the table.  It can save time and avoid waiting, waiting and waiting for an answer from the sellers.

   An expiration deadline for an offer should be realistic (as in, 2 hours probably isn’t enough time for sellers to thoroughly review and consider your offer terms!).

   As a buyer, if the seller of the real estate in Charlotte NC that you’ve placed an offer to purchase doesn’t respond by the deadline, POOF! your offer’s gone and you move on to the next property. 

   A response from the sellers to your offer to purchase their home in Charlotte NC can be:
– a full, complete acceptance of all your terms
– a counter-offer (changing any of the purchase contract terms, even by a date or single word), or
– a flat out rejection of your offer, possibly with suggestions of terms the sellers would consider favorably

   Either way, placing an offer expiration deadline on your offer to buy a home in Charlotte NC can save you, the buyer, time and also let the homeowners know you’re serious and ready to move along to another home if agreeable terms can’t be reached.

   As with ALL purchase contracts for real estate in Charlotte NC – it’s not a contract till everything is in writing and signed by buyer AND seller.  Even with a verbal agreement of all the purchase terms for real estate in Charlotte NC… all needs to be in writing to actually be a contract to purchase real estate in Charlotte NC.

****One important note: WHENEVER there’s a third party involved (i,.e. short sale, relocation company, anyone else that has to give approval of purchase contract terms), those third parties can take much longer to respond to an offer to purchase a home for sale in Charlotte NC.  So BEFORE making an offer to purchase, it’s important to take that into account when buying real estate in Charlotte NC****

Related Articles: How Long from Contract to Closing When Buying a Home in Charlotte NC?

No, I’m Not Going to “Sell” You On a Charlotte NC House

Is That A “New” Listing or Just a Re-heated Stale Charlotte NC Home For Sale?

Copyright©2009 by Diane McDermott, All Rights Reserved, “Using an “Offer Expiration” When Buying Real Estate in Charlotte NC”


About dianemcdermott

Joyfully divorced, Diane is passionate about sharing her story, experience, wisdom and insight from this beautifully brutal life. Passionate about heartfelt connection in all areas of her life she is a public introvert and most enjoys connecting with and spending quality time with friends, chosen family and clients that are uplifting and inspiring. Her core values of connection, humor, integrity, authentic alignment influence all aspects of her life. She is intentional in all that she does. Diane is the founder and owner of Between the Lines LLC Ghostwriting Services and McDermott Real Estate LLC
This entry was posted in Buyers, Real Estate and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s