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Can I submit multiple offers after homeowner rejects my first?

If your initial offer gets rejected by the seller, don't be afraid to submit a new offer.

However, you have to improve either the terms of the deal or the price.

Find out what specifically the seller didn't like about your first offer and change that in your new offer.

For example, maybe the seller liked everything about your offer, but they hated that you wanted 17 days to inspect their home.

Bring that 17 days down to 10 days... maybe that one change will work for the seller and would open up the possibility of you getting an accepted offer.

Episode 37 of The #AskDanielLosAngeles Show

On this episode, I answer the following four real estate questions:

1) My low ball offer was flat out rejected by the home seller. Can I still submit a new offer?

2) Are real estate taxes included with my monthly mortgage payment?

3) What is the difference between a list price and sale price?

4) The buyer for my home is not removing their inspection contingency. Can I cancel the deal?

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Your friend needs to get ready now for the home buying surge

Home buying demand has gone down during the stay-at-home order. Instead of 6 offers on a property, sellers are getting 1 or 2.

But the local news is starting to sound a bit more optimistic and there seems to be a light at the end of the tunnel.

In a few short weeks, I believe a buyer surge is coming.

Your friend who mentioned to you that they are thinking of selling their home should start preparing now for that buyer wave. I can help your friend prepare for the sale of their home.

We can immediately work on figuring out what makes their home so special, the properties unique selling proposition, and who the ideal buyer for the property will be. We can hire a professional photographer and videographer. We can also start running an aggressive pre market social media campaign.

However, I need your help to make this happen.

Tell your friend that you know a awesome real estate agent that can help them out. Give them my cell number, 818-445-7953, and have them text me. I'll take it from there.

My team and I are ready for the surge and can't wait to dominate the real estate market!

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You can NOW fix and flip this home in Pasadena. Put in an offer NOW!

Let's put in a low ball offer!

Asking price is $525,000.

This is the cheapest home to sell this week in Studio City

Asking price $1,289,000 sold price $1,265,000

Do you think the back yard is big enough?

See Burbank's newest home to hit the market during the Coronavirus pandemic!

Here is your latest Burbank hills listing.... Asking price is $1,349,000.

Home selling strategy during this pandemic

The stay-at-home order has been extended to 5/15/20😩.

Use this time to strategize and prepare for the sale of your home.

Once the order is lifted, I believe there will be a buying frenzy!

Burbank has had 14 property sales so far in the month of April

From 02/01/20 - 02/16/20, more than a month before the stay-at-home order was put into effect, Burbank had 18 property sales.

This data shows that sales haven't slowed that much in Burbank.

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Will home prices fall after the pandemic?

Expect a dip in prices during the pandemic.

Once the stay-at-home order is lifted, I anticipate a buying frenzy.

In my opinion, prices will return to where they were before the pandemic started.

Fewer home inspections show there's less buyer demand

I recently spoke to the owner of a very large home inspection company that serves the entire Los Angeles area.

He said that his company does on averages 450 - 500 inspections a week.

Last week, his company only did 250 inspections.

That's a major drop from their average.

This tells me that demand is way down, however, serious buyers are still snatching up properties.

I expect this trend to continue until the stay-at-home order is lifted.

What an amazing opportunity for buyers to finally not have to go up against so much buyer competition!

In my opinion, there will be a buying frenzy after the order is lifted.

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