Time was that you had a few minutes to look at an apartment before making an offer. Then, you were given a short window of time for your attorney to review the contract of sale and have you sign on the dotted line. You want to take a second look before committing hundreds of thousands if not millions of dollars? Sorry, no can do.....NEXT!!!
Well, as you know from reading this daily blog, times have changed. It is not uncommon these days for a buyer to take a second look before making a decision. And then to bring their parents up just to be sure, then, just one more showing for the college roomates. But wait, they also want to have a contractor come up to give an estimate on how much a new kitchen is going to be.....HAHA....no joke....And, what is a listing broker to do? You cant say "Stop, no more showings, just sign the darn contract". If you do, the buyer is off and running to find another apartment and you are left to start all over again.
I have spoken before about how Real Estate is cyclical and the days of just one showing will be back. When? No one knows for sure but one thing we do know.....bring all your friends and family to see the apartment now because sooner or later it will be "one and done".
Aug 18, 2010
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