Realtors , I could use your input.
I’m selling my house in the Southwest US, listed at $385,000—which is exactly what it recently appraised for. It’s priced right, clean, and ready to go. I had multiple offers in less than 28 days, but here’s how it went down.
4 bailed after we countered: slightly.
2 with full price offers and then asked for $10K+ in closing cost assistance. FHA buyers.
Another agent nixed the deal because they NEEDED the 3% commission to help their buyer with the downpayment.
One buyer looked strong on paper... couldn't secure financing in the end. 7 DAYS BEFORE CLOSING! Conventional buyer who's decided not to look at other loan options and still hasn't produced the loan denial paperwork. So I'm pretty sure they flaked and I'm getting ready to dig my heals in to keep the $10000 deposit.
My agent has been in the game for almost 25 years and hasn't seen buyer/ market behavior like this.
I'm pissed! I'm in full “move out mode.” for 2 weeks. Boxes everywhere. Most of my funiture gone. Closets emptied. House decluttered. I'm halfway out the door. And now everything’s on hold, and I’ve got to backtrack to make it show-ready again.
We just relisted. But I'm not optimistic
I’m relocating and can’t carry two homes—this isn’t a “want to sell,” it’s a need to sell.
My loan is VA assumable, which I’d hoped would be a bonus, but that hasn’t seemed to move the needle.
So here's what I'm asking: Is this just a string of bad luck? Am I missing something? Is buyer quality just this unpredictable right now? Or is there something strategic I can do differently to close this up and move on?
Any insight or creative suggestions would be appreciated.
Thanks in advance.
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source https://www.reddit.com/r/RealEstate/comments/1krrhxt/need_insight_multiple_offers_no_deals_is_my_house/
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