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| How it Works... |
The purchase and sale of real estate is a complicated matter that is governed by laws, practices and customs that vary significantly from State to State. Due to the wide variety of laws governing the sale of real estate it is impossible to actually buy and sell Real Estate online (Statue of Frauds). All Real Estate transactions must be in writing in order for them to be binding and legal.
Open Offer™ is a fast and easy process to negotiate the best price for your real estate BEFORE you place or receive a written offer.
How Does the Open Offer™ work
The process of Open Offer™ is very simple, effective and fast. We allow all real estate buyers and their real estate agents to place non binding open offers on any real estate currently advertised for sale on our site. Home buyers can place multiple open offers and Home sellers can receive multiple open offers. Buyers can negotiate the best and lowest price for their future home, for more important buyers information go to home Buyer Benefits. Sellers can also negotiate the best and highest price, for more important sellers information go to home Seller Benefits. During the price negotiations, each buyer and seller can place and receive open offers. The open offer process is non binding and therefore each party will not lose any other opportunity by another potential buyer or seller during negotiating.
Once an open offer™ is placed (price offer only. Contingencies can be discussed after you place a written offer) the seller and their real estate agent will review the price offer and will be able to accept, counter, or reject and delete the open offer™. Once buyer and seller agree on the purchase price they may consummate the price agreement through the traditional way of buying and selling real estate – in writing. At that point, it will be the real estate agent's responsibility to "translate" the Open Offer™ to a "written offer". The agreement on the price through OpenOffer.com™ will be a simple result of supply and demand for real estate.
Whether you are a first time home buyer, experienced home buyer, seller, real estate agent, builder, or a real estate investor, OpenOffer.com™ is here to serve your best interest. OpenOffer.com&trade is bringing you the reality of supply and demand for your local real estate market.
General Highlights
Home Buyers – your information is not public. When you make an open Offer™, the listing agent will receive your offered price and your user name only. The open Offer™ process is done through our internal messaging system, there is no need to expose your private email address to anyone except to OpenOffer.com™. It is only when you ask the listing agent a question, or would like to schedule a showing day, that you will be required to expose your phone number.
After placing your open offers, allow 24-48 hours for the sellers and their real estate agent to respond. If you do not get any responds, you may want to adjust up your open offer™ price, or simply delete your offer and move to the next property. You can assume that the seller or their real estate agent is not motivated by your offer.
All Open Offers™ are private. Only the Sellers or their real estate agent will be able to view the actual price offered.
All communications, offers and counter offers between buyers, sellers, real estate agents and builders on our site are non binding and therefore each party have nothing to lose.
Unreasonable offers by buyers will simply be ignored or deleted by sellers. In fact, if the asking price for a home is $300,000 and a buyer offers $200,000, then our system will not accept the offer and an error message will be displayed.
Unreasonable asking prices by sellers will simply generate zero offers and interest.
All information provided during registration is verified by phone. False information will result in removing and blocking the user. We do not expose your phone number or any other information that you provide us with.
Seller's Tip – we believe that properties that are priced reasonably will get open offers™. It is always recommended to use a local real estate professional, or a real estate appraiser when trying to determine the value of your property. We do not support or believe that any online valuation site can replace the opinion of your preferred real estate professional. Valuation sites do not take into consideration simple but important facts such as the interior condition of your property, or recent market activity. Therefore, we highly recommend that sellers get an opinion of a local real estate professional when trying to determine the asking price!
For more important information click Sell, Seller FAQ,or Seller Benefits.
Buyer's Tip – to take advantage of our site, please make reasonable offers. It will save you and the seller time while negotiating the price. Make your open offers™ and let the listing agent (assuming he/she is a member) and his/her seller respond to your offer. If you do not get any responds within 24-48 hours, you may want to adjust up your open offer™ price or simply delete your open Offer™ and move on to the next property. Whether you are a first time home buyer, or a home owner, we believe that your use of our site will assist you in finding the best price for your housing needs. As a buyer you deserve to find the best price without any influence of others including real estate professionals. It is up to you to decide how much you are willing to offer for a specific property.
For more important information click Buy, Buyer FAQ,or Buyer Benefits.
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