Skip to main content

Need Insight: Multiple Offers, No Deals: Is My House Cursed or Just Bad Luck?

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.

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

source https://www.reddit.com/r/RealEstate/comments/1krrhxt/need_insight_multiple_offers_no_deals_is_my_house/
Labels:

Comments

Post a Comment

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...
Post a Comment
Read more

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/
Post a Comment
Read more

warning about Biggins and Scott Brunswick

his is a general warning for people who use this agency to rent a property. I am going to share a disgusting experience that I had with the above agency. I was new to the rental experience after a marriage breakdown so I answered a add on Real Estate .com and met a guy in Maribyrnong to look over a apartment . He suggested he was not only going to be my roommate, but he also worked at the company in Brunswick. All looked good and myself and a lovely lady moved in to the apartment in late March. Everything was going well ,we were paying our rent and things were moving forward with 3 people coming from different age groups and different upbringings. Then on the 25th of June out of nowhere 3 Breach Notices appeared on my email from my roommate but on Biggins and Scotts letterhead. I was completely surprised and after trying to reason with the sender of these documents, I then decided I had to call his boss the Director of Biggin and Scott in Brunswick. David told me that he was ...
Post a Comment
Read more