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    • Places to visit >
      • Architecture
      • Alex Haley Memorial
      • Banneker-Douglas Museum
      • Eastport Walking Tour
      • Hammond Harwood House >
        • Pumpkin Walk
      • Lighthouses
      • Paca House & Garden
      • Maryland Inn
      • Naval Academy
      • Parks >
        • Dog Parks
        • Leon Wolfe Park
        • Quiet Waters Park
        • State Parks
      • Severnside Farm Tour
      • St Anne's Church
      • Tiffany Stained Glass
      • State capital building
      • Wall Murals >
        • Design District Murals
        • Historic, Murry Hill & Eastport
        • Others Out & About
    • Events >
      • Annapolis Cup Croquet Match
      • Art Walk
      • Boatyard Beach Bash
      • Bourbon Bowties Cigars
      • C.R.A.B Cup
      • Crab Feast
      • Puppy Plunge
      • US Powerboat Show
      • US Sailboat Show
      • Waterfowl Festival
    • Runs
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      • Memorial Day
      • Labor Day
      • Halloween
      • Christmas
    • Festivals >
      • Anne Arundel County Fair
      • Art in the Park
      • Beer & Wine Festivals
      • First Sunday Arts
      • Irish Festival
      • Homestead Gardens Fall Festival
      • Kegs and Corks
      • Maryland Seafood Festival
      • Renaissance Festival
      • West Annapolis Oktoberfest
    • Markets >
      • AA County Farmers Market
      • Annapolis Summer Garden Theatre
      • AA Medical Center Farmers Market
      • Diehl's Produce
      • DNR Farmers Market >
        • Annapolis Farmers Market
      • PA Dutch Farmers Market
      • 2017 Farmers Market Guide
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      • All Saints Concert
      • Annapolis Town Center Concerts
      • Fast as Lightning
      • FOQWP Summer Concert Series
      • Middletons
      • Rams Head On Stage
    • Tours >
      • Ghost Walk Tour
      • Red Trolley Tour
      • Circulator
    • Places to stay
  • Gardening
    • Composting
    • Fruits and Veggies >
      • Apples
    • Gardening Clubs
    • Native Plants
    • Insects >
      • Friends or foe
    • Trees
    • Where to buy plants
    • Butterfly Garden >
      • Butterflies in Maryland
      • Location
      • Plants for Butterflies
      • Butterfly Life Cycle
      • Monarch Butterfly
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      • Seed Starting
    • Summer
    • Fall >
      • Preparing your yard for winter
      • What to Plant in the Fall?
    • Winter
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All About Annapolis

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You know, I didn't think I had a lot to say, but apparently I might!!  :-)

Found the perfect house but it has an offer??  Read this...

11/7/2017

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House hunting is a daunting task.  You want to find the perfect house, but let's face it, it may not be out there!

What about this horrible scenario?  You're out going to open houses and you find THE perfect house.  You call your realtor (or you tell your realtor that this is the one  since they're with you), and in the time it takes to put together an offer, the sellers have already accepted another offer!

WHAT??  In today's housing market, the good homes priced right go FAST!!   How are you supposed to deal with that?

Or what if there's a short sale or bank owned house that's been sitting empty long enough for the yard to have knee high grass, but you've been wanting a home in this neighborhood and you're willing to fix it up.  But when you go to make the offer, you find out there's already an offer under contract. How's a buyer supposed to survive this process?? 

There is another option not many people know about.   

Most buyers are not aware that there is an Addendum called the “Back-up Contract Addendum”.  It is used when a property is already under contract.  In this situation the seller and you (who would be Buyer #2) create a contract with the assistance of your Realtors.  If  the first buyer falls through, you become the primary contract.  

It may sound like a long shot, but contracts do fall through all the time.  If you have the time and flexibility, becoming the back-up contract may be an option for you.  This obviously doesn't work if you have to move next week, but if you have the time, you may just get lucky!

​Happy House Hunting!

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    Author

    My name is Susanne Kneeland and I'm an Associate Broker for Long and Foster in Eastport Annapolis. I'm a wife, a mother of 2, and to 2 furbabies, a dog Maggie and a cat Marty

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