Skip to main content

What would you do - wait it out?

We made an offer on a house that had been on and off the market for about six months, with 2 price reductions.

We only started looking for a home after the last price reduction, so I wasn’t following the home, but could see the history. We put in a full price offer (cash), and after inspection, agreed with the seller on 3% discount based on one of the primary systems failing inspection and needing replacement.

The morning of signing, the sellers realtor called and said, they had a full price offer, cash, waving inspection, and that if we want the house, we’d have to match.

We told them to take the other offer, as we didn’t want to come up in price and/or get into a bidding situation. And frankly, we weren’t 100% sure there was another offer, is seemed pretty random, this isn’t a “hot market.” We didn’t ask to see the other offer.

Two weeks have gone by, and the home is still on the market, being shown, not listed as pending. It’s a small town with limited inventory.

The small town vibe is what is making me rethink my “big city” approach of going back to them with our offer (full price - 3%). They know our offer, right?

Do we just wait and see if the sellers come back to us?

submitted by /u/32blue
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1nnk5hn/what_would_you_do_wait_it_out/
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

How to get started?

Hi! I’m 23F and I just graduated college with an english degree (😅) but i’ve been working in nonprofits since I was 16 and lucked into an amazing first job with an one of the biggest and best real estate non-profits! I love my job so far, but it’s my first time being surrounded by such wealth (and very hard working, deserving individuals.) To be quite honest, I‘ve had a rough few years juggling multiple jobs to finish school, and the idea of myself not living paycheck to paycheck seems light years away. This is all being said, I guess I’m posing the question towards the group of what I can do now to start building that kind of future for myself. I find real estate very interesting, and i’ve loved learning about all the machinations behind development- I’m just not sure where to begin within the industry (investment/rentals are definitely not an option for me yet). I’m also looking to go back to school, but being that I don’t know where to start, I wouldn’t like to begin classes aga...
Post a Comment
Read more