Skip to main content

Backed out of real estate offer and regret it

My husband and I have been casually looking for a new home for almost a year now. We either dont love the home or get significantly out bid with terms we can't compete with. We finally found a home that is in our preferred neighborhood and didn't get bid up. It actually feels like we were getting in under market value which obviously never happens in this market. It does need some major repairs (windows, siding, doesn't have any overhead lighting), but we can find most of this with proceeds from our current home. I started looking at new daycares for my son and just never felt the same love and excitement that I have for our current daycare. I freaked out about moving my son (for more context he just got a little sister a couple months ago so this feels like another big change to not be confident about) and backed out of our deal in the last couple hours of inspection period. I woke up the next day and regretted it. It feels like I'll never find this good of a house/deal again for something we could picture our life in. Was I overthinking the daycare piece? Our current neighborhood is SO walkable and family friendly, but we started looking to move because my commute is over an hour each direction. I would be about 10-20 mins closer (depending on traffic) in the new home, giving me a little more time to spend with the fam or take care of myself. I know my current home is not the forever home, but feeling extremely emotional about another family living "our life" in it.

submitted by /u/Own-Special-7757
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1g7tqh8/backed_out_of_real_estate_offer_and_regret_it/
Labels:

Comments

Post a Comment

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...
1 comment
Read more

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...
Post a Comment
Read more