Skip to main content

Does anyone track the “one that got away” for homes you lost out on?

We’d been through the roller coaster of trying to buy a home in 2021, putting in numerous lost offers. We finally found a home in early 2022 and I’m really happy with the house. But I still have a morbid curiosity about all the ones where we put in an offer and lost.

One home was grossly overbid, they wound up selling within 3 months of their closing and taking a $40k loss (wonder the story there)? Another home was immediately put on the market (same pictures and all) for $250k more than it was sold for. A few are now rentals and Air BB (which really irritates me). Another home I though was way over priced is valued at $150k more than selling price with neighborhood homes flying off the shelves (apparently I was wrong on that one). One home was furnished and I loved the furniture/decor as much as the house, and I saw the furniture all listed on Facebook Marketplace.

Has anyone else ever followed up on homes the lost? Or am I just overly curious?

submitted by /u/HeatherAnne1975
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/13opbwd/does_anyone_track_the_one_that_got_away_for_homes/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

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...