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Was our offer that bad? Seller ghosting us.

It’s been four days since we put an offer on a house we love, in the mid-Atlantic. The home has been on the market 42 days, and comps show the home is $5-$10K overpriced. We did hear from their agent on Friday afternoon that the seller wanted to review the offer with her daughter, and she was waiting on the outcome of another showing. But we’ve heard nothing since.

OFFER: Full price ($405K), cash.
DEPOSIT: $15K
INSPECTION: No repairs or credit unless over $5K (we don’t expect there to be any)
CONTINGENCIES: We settle our current house on 6/12, so settlement contingency. BUT…my mom has to sell and settle her house still (it’s listed), so there’s a sale contingency as well.

We’re offering an agreement of sale deadline of 6/30 on my mom’s home or the contract is void. We also included a kick-out clause, which allows the seller to continue marketing and showing the home and receiving other offers. We’ve provided proof that our home is under contract and estimate of net proceeds following each sale.

I thought it was a solid offer, and had been encouraged since the seller didn’t immediately reject it. But now I’m getting worried.

submitted by /u/vgirl729
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1ttpwxp/was_our_offer_that_bad_seller_ghosting_us/
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