If your buyer does not close on the date agreed upon the seller may not agree to extending the closing date and will move forward with another buyer. When sellers agree to extend the closing date they often require a per diem. Many potential buyers carefully watch the Coming Soon section of our Listings page, which we update daily, and are prepared to make an offer within a few hours of the property being listed. Corporations are not willing to take their assets off the market unless they are confident the buyer will be able to perform. Therefore, it is important that when presenting an offer that calls for financing the agent deliver a financing pre-qualification letter.
Timing is so important in the buying process.
We encourage agents and buyers to check the One West active and Coming Soon listings pages daily. When buyers see an address in the Coming Soon list that they think would meet their requirements, they should drive by the property and have the agent pull the comps, etc., so as to be ready to make an offer as soon as we have an active listing. As the buyer's agent, it is in your best interest to make sure your buyers commit only to what they can perform. Often over-anxious buyers make commitments they are unable to meet. Listing agents and the corporate asset managers rely on the integrity of selling agents.