Skip to main content

Pa(near me border) no luck in 6 months, should we lost our house BEFORE we buy?

So I've had 2 diff realtors now. Both have me put looking at houses, and we've had 10+ deals fall thru. The market is hell here, every house has a minimum of 10 doff offers, and there aren't that many houses available to even look at. Without having ours listed, we have a contengecy, but my realtor doesn't tell anyone that, she's hoping to get my house listed a week after I win an offer, and get it sold. BUT, in every instance, we have to offer OVER asking on every single house, with possibly cash on top of that, if appraisal comes in under. Then my realtor keeps saying my backup of the house doesn't sell is a program where the bank buys it for me, and I buy it from the bank, and pay a fee. I don't want to do any of these crazy deals. I just want to know, why can't I list my house to sell, with a contengecy to buy? Is that so bad? Then I would at least know how much money we are getting for our house, what we afford to get into, I don't understand why the realtors both didn't want to list the house first, before shopping around. As it is, every house we like, we get outbid, every single time. There are no houses here that sell at asking price. I'm at a loss at this point. I NEED to get out of my house ASAP, but it feels like a fools errand to keep doing it this way, trying to buy before we even sell, and having to have all these expensive backup scenarios Incase our house DOESN'T sell.

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

source https://www.reddit.com/r/RealEstate/comments/1nbprpw/panear_me_border_no_luck_in_6_months_should_we/
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

Pool fill without engineer oversight

We are in the process of purchasing our first ever home in CA and we just discovered in the disclosures that the new build property we are purchasing previously had a swimming pool which was filled without an engineer onsite to approve the work (details from disclosure below). Is this something we should be concerned with or not? Is it something we should have additional inspections conducted on? We are originally from the UK and not really sure what to do with this information and if it is concerning or not. A POOL DID EXIST PREVIOUSLY. COPING, TILE, GUNNITE AND REBAR WERE ALL REMOVED AND DIRT AND CLEAN DRAIN ROCK WERE USED TO FILL IT IN. COMPACTED FILL WAS NOT USED AND NO ENGINEER APPROVED THE DIRT AND DRAIN ROCK FILL IN submitted by /u/tommot82 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpyzw8/pool_fill_without_engineer_oversight/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more