Your agent has shown you a great two-bedroom condo in Pacific Heights before the first official open house. You love the property and are ready to make an offer, but the sellers and listing agent have already set an offer date. Should you seize the day and submit an offer?
Buyers make preemptive offers when they want to avoid competing with other buyers. And especially around the holidays, sellers may be open to accepting a quick offer if they are motivated to wrap up their sale by the end of the year. Indeed, sellers on two of my listings this year agreed to accept extremely strong preemptive offers (both for all cash and with no contingencies).
Though preemptives have their benefits, there are definitely a few buyer-side drawbacks. Before you rush out to write that offer, here are some points to consider: Continue Reading