Please send your rejected folks to me! We had to turn down an offer on our house after the agent started harrassing us.
Started harassing you?! WTF?
Maybe bullying is the better word. She texted, emailed and called our agent multiple times. Told him how our house was overpriced, but she only pulled comps from our street and for houses much smaller than ours. Our agent tried to talk to her about other subdivisions that were used as comps when we bought the house, and she continued to tell us that our agent with 20 years in the industry didnt know what he was tslking about. Then she flippantly said that if they were to buy the house, the would be asking for a new roof, new a/c and new carpet upstairs. Before there has even been an inspection. We decided that they would be too difficult to work with and stopped responding.
Congrats! I've never sold a house before. What do you do when there are competing identical offers? Tell them all to try again and you'll take the best one? Go with that price and pick the people you like the best?
One of the offers was for cash, which means no appraisal. So we took the cash offer. They were also willing to close in October and rent it back to us through late November/ Early December so that DD and I don't have to move into temporary housing while I finish my teaching obligations.
Catlawdy our market is definitely strong. We had a full price offer, less closing costs, a dog house and a rain chain, within 4 days on our POS house. When we bought in 2011, it was on the market for 4 months.
But 4 offers in the first day?! That's nuts to me.
We're under contract with the cash buyer! And they're willing to let use lease it back into December!
We had FOUR offers by the time the dust settled. All at full asking. Dang!
Is your market on fire? This is insane!
Our market is definitely on fire. I fell in love with a mid century modern last May. It went under contract the first day it was on the market for $70k over asking price, in cash and a 10 day close. Insane.
Of course, now I see that things happen for a reason, but at the time I was fucking PISSED. It sucks that conventional loan buyers are pushed out of the market by all of the baby boomers who can drop cash to move here. But. I'll take their money and GTFO of here.
From what I've heard, the market is strong in a lot of markets right now. An acquaintance in Texas sold the first weekend of listing, we had five showings the first day, and that was before pictures were up. Two offers a week in, closed six weeks after list. And we had some work left to do, a road behind us, and were on a flight path. The house was well maintained, in a great neighborhood, and well priced. I think we did well, but the buyers also got a great house (all new systems, new roof, etc in an established neighborhood).
The houses that have sat in my old neighborhood were the ones that weren't priced well initially. If they are in good shape and priced well, they are still selling well.
This was pretty much exactly our experience. Our kitchen is amazing and our yard looks like something from Better Homes and Gardens (I'm totally bragging- I've worked my ass off on the yard!). I left a bunch of photos out on the kitchen counter of the different partyset ups we've had (with no people in them) and of the house at Christmas. Yep. I went for the heartstrings and it worked!