Are Your Offers Even Getting Presented to the Seller?

If you’re trying to buy a house in Southern California, your realtor may be submitting each and every one of your offers to the listing agent but some offers will never be presented to the Seller.

The following are just 10 of several reasons why one’s offer may sometimes NOT GET PRESENTED:

1) Failure to provide the “cross-qualifying” Approval Letter from the Sellers Preferred Lender. What this means is: The Listing-Agent/Bank Representative has specifically asked that ALL prospective buyers “cross-qualify” with the seller’s preferred Lender to verify that the Loan Approval provided by Buyer’s Lender came as a result of the most thorough vetting process. (keep in mind, you’re typically not obligated to use the seller’s preferred lender in order to get acceptance, though I’m certain some will tell you that at times, it can be the difference maker)

2) Lack of LEGIBILITY of One’s offer. Sometimes, the offer documentation must be faxed to the buyer for completion and signatures, then it must be re-faxed to the buyers agent. The buyers’ agent must then take that and fax it for the 3rd time to the Seller’s Agent. Then the Seller’s Agent has to fax it to the Sellers. The sellers then fax it back to the Seller’s Agent. In many cases, the Seller’s Agent has to fax it for the 6th time when he sends it to the Bank’s Representative who reviews all offers. (When ever possible, it’s recommend that you and your realtor use electronic signatures at least for the submittal of initial offers. The method is not only faster, it’s completely legible and the Listing-Agents greatly appreciate not having to try to make heads or tails of the multi-faxed documents or poor penmanship of authors)

3) Incorrectly completed Offers or Misspelling of verbiage entered by Buyer’s Agent. These 2 mistakes often give the impression to the Listing-agent that the Agent may be New or possibly challenged in other ways. (Believe me, It matters!) Ps. YES, that is the correct way to spell VERBIAGE.;-)

4) Buyer’s Earnest money deposit may be too low. The average earnest money deposit sought by sellers in most areas is between 1% to 3% of the purchase price. (for Cash buyers, it’s almost always going to be at least 3%)

5) Buyer is requesting an Escrow timeline that’s too far into the future. Most sellers are genuinely interested in finalizing a transaction in as close to 30 days as possible. Though it can sometimes be tough to accomplish that with certain Loan types, it’s typically best to submit one’s offer with an illustration of as close to a 30 day escrow as possible. Extensions are often obtainable so long as reasonable progress is being made. (Keep in mind that in the case of Bank-Owned homes, most of the contracts aka “Bank-Addendum’s” that come back from the Seller, typically allow for up to a 45 day escrow even if buyer originally submitted an offer promoting a close of escrow of 30 days. Banks sometimes prefer to grant additional time from the get-go as a cushion because they’d rather NOT CHARGE the buyer the typically required per-diem fees when closing late without extensions. Banks know that additional fees may cause the transaction to fall apart because of a buyer’s possible inability or lack of willingness to pay those penalty fees so they try to avoid it when they can.

6) SHORT-SALE Approval is authorized at a particular price and one offers lower than the Approved Price. What’s important for Buyer’s to remember is: Typically it has taken several months and in some cases more than a year to negotiate and arrive at the Approved Short-Sale Price. It would stand to reason then that, in most cases, having just authorized the Approval on the Price after such a long time, the note-holding bank is not likely to ACCEPT an offer for less.

7) Buyer is asking too much in the way of Seller-Concessions for repairs or money for Buyer’s closing-costs. In the end, it’s all about the NET OFFER to the seller. In most cases, the Seller will opt NOT to accept THOSE offers because they perceive financially-challenged buyers {who lack the funds for closing-costs} as having a higher risk of having a minor financial need during the escrow period which could absorb or exhaust the money they set aside for down-payment or as cash-reserves. This would, of course cause the transaction to CANCEL in most cases. Regarding a requests for repairs, often the Seller is interested in finalizing the transaction in a much shorter time-period than what would be required if repairs need to be made. Consequently, you’ll find many of THOSE homes marketed at price-points low enough to allow for only Cash-Buyers or Cash-Investors who recognize the Seller has already priced the listing as per it’s current condition. (Some buyers walk in and say, “I think we’ll offer less because it needs all this work” —Attention Buyer’s… In most cases of Bank-Owned homes, the current condition of the home has already been taken into account in arriving at the list-price)

8) Buyer is Offering too much for the house. That’s right, TOO MUCH. In their desperation, often buyer’s and their representing realtors will choose to institute a strategy of “Let’s just write all of our offers at $10k, $20k or $50k over list-price” (depending on the area). This strategy will often back-fire. You see, the Seller knows that this strategy is most often used by buyers with weak financial profiles (i.e.: needing closing-costs paid) or those buyers who perceive themselves as NOT being able to compete in the open market due to the type of financing they require (i.e…: FHA or VA). As such, a seller is sometimes more inclined to ACCEPT an offer from someone who is within the range of reasonably anticipated Appraisal Value than to simply jump on the highest priced offer which will ultimately need to be reduced anyway.

9) Employing the strategy of “…Let’s start low and see what they say… they can always send us a counter-offer”. WRONG! Don’t fall for this trap. If one seeks to buy a home in some of the very competitive areas of Southern California, it’s important to know that in most cases, you’ll only get ONE-SHOT at submitting an offer. This is because the homes in good condition or with the lowest prices, or in the most desirable areas, will almost ALWAYS get multiple-offers. Sometimes as many as 30 to 40 if a listing-agent doesn’t check out their email in-box or fax machine over a weekend. In the competitive market climates, you’re almost always best to work closely with your realtor to prepare your HIGHEST & BEST offer up-front and submit THAT.

Be Guided With the Help of BSC Presentation Templates

Beginners always need to be guided in order for them to understand what they have to do. This is true even for businessmen since they have to learn everything about the company that they are going to run as well as the job that they have to perform. For those who are operating or managing businesses, you might have heard about the balanced scorecard and its abilities. This is a business tool that enables one get the overall performance of the company based upon the following perspectives: customer, financial, learning and growth and internal operations. Now, you have to understand that the BSC will only work if all of the employees within the organization now about it. Most company owners neglect this responsibility and only let those at the top level of the organization comprehend what the scorecard is all about. In this case, what you need are BSC presentation templates.

The BSC presentation templates can easily be obtained today from the web. You can download them either for free or there are others that might cost you a few dollars. Once you have acquired the template, it is easy for you to come up with a presentation so that those who are working in your company can appreciate and be enlightened on the topic of the balanced scorecard. Before you download scorecard templates however, you should make sure that you can use the content that is provided by the template that you have chosen. It should provide you help on the introduction up to the conclusion of the whole presentation.

You can look for free BSC templates that you can utilize during meetings, conferences or seminars. This is the right opportunity towards promoting the awareness of your staff towards the whole concept of the balanced scorecard. There are really useful BSC presentation templates which you can download and use in order for you to present to your employees the importance of the scorecard to the processes in the company. The templates will guide you on how you can create the entire presentation but of course, you also need to research on a few things which are connected to the company’s position

Implementing the balanced scorecard will become easier with the help of the BSC presentation templates. This is because all the people who are working in the organization that you are running can define what the BSC really is. Aside from that, they can provide other people with information about how the BSC is being utilized in the company. This is particularly useful for the new employees. It is not required to make a presentation every now and then especially when there are newly hired applicants in the business. You can simply ask the older employees to guide the newbies. This is an effective method and can save time, money and effort on your part. Nevertheless, you need to give updates and even provide new presentations to your employees when there are changes within the scorecard that has been implemented. This way, everything will be clearly defined for them and confusion is avoided.

Substance, Humor, Style of Presenting – Which is More Important When It Comes to Delivering a Speech

It really depends on the purpose of the speech. If it is for entertainment, then humor will be more important than substance. An after dinner speech is one such example. People would expect you to make them laugh more than to make them learn. Can you imagine someone preaching about the seven effective habits of highly successful people after a six-course meal?

However, if your purpose is to inform, persuade or inspire, substance will be indispensable. Patricia Fripp, a well-respected speaker in the industry defined substance as “what makes an audience’s business and personal life better if they act on it”. It could come in the form of a three-step strategy, a recommended book to read or tips to solve a particular problem. If there is no substance in your speech, then there is really no point wasting your audience’s time delivering it.

As a rule of thumb, focus on substance and then tweak the humor level according to your competence and appropriateness. For someone who has a knack for making his audience laugh at cue, he can leverage on humor to increase memorability of his message or even disarm the tough nuts and persuade them to his way of thinking. Otherwise, concentrate on increasing value for your audience. It is a sure-fire way to win your audience over, even without humor!

Style of presenting a speech, on the other hand, lies outside the humor-substance pie. You cannot switch on and off a style since it is part of who you are. However, your style can be polished with more stage time. The more you get up to the platform to speak, the more comfortable and aware you become of your style. And it can inevitably become a weapon you use to personalize your speech. If you are interested to learn how you can “find” and hone your style of speaking, refer to this online entry:

[http://blog.ericfeng.com/how-to-find-your-own-speaking-style]