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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Write up your deal on the initial visit Posted by Ward-CA- on May 17, 2002 at 7:44 PM In Reply to: Closing on the initial visit posted by Greg - CA on May 16, 2002 at 10:59 PM : This concerns buying from the onwer in the NTS stage. : Do you expect to be able to close the deal on the initial visit? : Or is there usually a need for a follow-up meeting? : A related question has to do with comps. Since it is difficult for me to do an accurate comp on the spot ( I don't have the data with me) it seems dangerous to make an on the spot offer. : If I'm off by $10,000 (only 3% error in San Diego) there goes a big hunk of profit. : Should I first find the owner willing to sell, then come back 2 hours later with my precise offer? : Greg =•=•=•=•=•=•=•=•=•=•= CA law requires at least two visits in that once you write up your contract you have to hold up any consideration going from one side to another for at least 5 days. Take your comp data with you. Take a current comp book like the CMDC (monthly comps) for your county, or print out what you get on the internet and make your offer then and there. I wouldn’t spin my wheels going back out 2 hours later. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : This concerns buying from the onwer in the NTS stage. : : Do you expect to be able to close the deal on the initial visit? : : Or is there usually a need for a follow-up meeting? : : A related question has to do with comps. Since it is difficult for me to do an accurate comp on the spot ( I don't have the data with me) it seems dangerous to make an on the spot offer. : : If I'm off by $10,000 (only 3% error in San Diego) there goes a big hunk of profit. : : Should I first find the owner willing to sell, then come back 2 hours later with my precise offer? : : Greg : =•=•=•=•=•=•=•=•=•=•= : CA law requires at least two visits in that once you write up your contract you have to hold up any consideration going from one side to another for at least 5 days. : Take your comp data with you. Take a current comp book like the CMDC (monthly comps) for your county, or print out what you get on the internet and make your offer then and there. : I wouldn’t spin my wheels going back out 2 hours later. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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