Selling Your Newport Beach Home | Timing is Everything!

Newport Beach Home Sale Tips | Selling Your Newport Beach Home

I am sure that many of you have heard that real estate is time sensitive, and it most definitely is. When someone makes an offer on your Newport Beach home listed for sale, then it is important to respond in a timely manner. Typically, the default time to respond to an offer or counter offer is within 3 days, however this can be negotiated. I have worked with agents when there is only 6 hours to respond, and that can be challenging for all parties when presenting offers/counter offers, but in my opinion, that is strategy to be considered to move the transaction along. When there is immediate interest, then it is important to respond quickly, and move towards getting the property under contract.

Newport beach house for sale

The reason I say that timing is everything is because within the time frame that we are waiting for a response, that another property which competes may come on the market, interest rates can also fluctuate, or perhaps another one with similar features has a substantial price reduction, then the buyer may want to purchase that one.

In accordance with the California Residential Purchase Agreement contract, even if you do get the buyer under contract, they have 17 days (again this is the default language – and those time frames can be negotiated) to due their due diligence, perform inspections, review disclosures, title and documents, complete appraisal, and obtain loan approval – assuming the buyer is obtaining a loan on the property. Within that time frame , it is the buyer’s right to review these documents and decide whether or not they are going to proceed with the purchase.

Therefore, it is important to move the transaction forward in good faith and comply with the time constraints that are in the contract.

If you have any questions about selling your Newport Beach home, please contact me.

 

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ABOUT ME

Sharon Paxson is a full-time REALTOR® with Compass and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyer’s, Seller’s, Landlords and Tenants with their real estate needs.

If you are thinking about buying, selling or renting your home, condo or other Real Estate in the following areas including Newport Beach, Newport Coast, Corona del Mar, Huntington Beach there are thousands of Realtors to choose from. However, it doesn't cost you any more to work with a top Newport Beach CA Realtor. We welcome the opportunity to show you how we get outstanding real estate results with specific and targeted marketing. If you are looking for a top real estate agent who will make a difference you have come to the right place. Use this real estate website to learn about communities and homes for sale.

REAL ESTATE BROKERAGE SERVICES

  • Newport Beach Homes for Sale/Sharon Paxson®
  • Newport Beach area buyers, sellers, renters
  • 520 Newport Center Drive Suite 330
    Newport BeachCA 92660
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DISCLAIMER: All information, photographs & content contained on this site is the property of Sharon Paxson. You must obtain written permission from Sharon Paxson if you would like to use any of this content contained herein. Opinions expressed are those of Sharon Paxson and may not necessarily be opinions of past and present brokers. Articles may be time and date sensitive. All statistical information utilized to create market reports has been obtained from the CRMLS. Information Deemed Reliable but not Guaranteed.

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