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I just went under contract for a house at list price with no waived contingencies! (MI)

I sold my house last year. My plan was to wait until the market corrected. That's starting to seem unlikely to happen for a long time with the continued extensions of moratoriums, etc.

We've been keeping an eye open for anything good and reasonably priced on the market, but generally have refused to take part in anything that looks like it's going to be a multi-offer frustrating mess with people trying to outbid and out-waive each other. We have no interest in playing that game.

A house went on the market Monday evening, we saw it Tuesday morning, and put in a full price offer at noon that expired in 24 hours. Terms are full price, conventional loan, inspection contingency, no appraisal waiver, 30 days free occupancy.

The sellers accepted it with no changes. Apparently they had multiple showings lined up and an open house scheduled for the weekend. They cancelled it all and just accepted our offer.

The things that I know helped are that our realtor is easy to work with and known to the seller's agent, and our realtor conveyed that we are very well-qualified. So the sellers know it should be a smooth transaction.

I'm still kind of shocked that we had an offer accepted as-is in this market, but I'm glad because I really didn't want to keep renting indefinitely or grossly overpaying for something and waiving contingencies.

Good luck out there everyone. You never know what might happen I guess.

submitted by /u/shakeyshake1
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/n0pxe5/i_just_went_under_contract_for_a_house_at_list/
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