Skip to main content

Selling my home in a hot market, but offers aren’t coming in like I expected.

Buyers out there, talk me off the cliff please. Tell me what’s going on on your side as a buyer.

Background: I’m selling my house due to a relocation w/ work to another state. Its a hot area (I’m told), with next to no other houses for sale. I priced it fair (I had to due to relocation requirements) and I’m not looking for crazy over asking offers.

Today was the first day its been listed “live” and we have a total of 62 showing scheduled over Sat, Sun and Monday with an offer deadline of Monday at 2pm. My realtor recommended doing this because of the hight amount of interest we’ve seen but I fear that this might have backfired.

Its the end of day 1 and there’s not been a lot of feedback and no offers. I’m super surprised by this.

I’m freaking out a little because Ive just left the house and moved to the place and I’m terrified that it wont sell now because I really expected at least one or two offers on Saturday. So buyers, tell me this: When you’ve looked at houses and there’s an offer deadline, do you wait a little while before submitting or do you still do it early? Do you look at that timeframe as more time for you to get your ducks in a row or?

submitted by /u/YupJustanotherJames
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/lu090e/selling_my_home_in_a_hot_market_but_offers_arent/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...