One of the initial offers came back at 100.00 over asking, no warranty, secure financing and a perfect close date. Their agent called ours and asked what do we have to offer to make this happen before the weekend? I’m in a townhouse, I don’t think we can go too high on the price without it risking being below appraisal. What else could we really ask for?
I would offer to sell as-is, they can have an inspection but you won't pay to fix anything. That's what we did when we sold our house with a full price offer within 24 hours.
Last Edit: Oct 4, 2018 16:08:19 GMT -5 by bugandbibs
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We had two offers today, one was super low but the spouse is out of town and they will resubmit when the other is able to see it. One was only 5k lower than asking but a good close. All I’m hoping for is a full price offer and a decent close
What happened is that sometimes realtors overpromise and underdeliver. We have two showings today and an open house on Saturday so we'll see.
I believe it. Good luck with the showings and open house.
My parents house went live on a thur and they got a bidding war. By Monday they had settled with an all cash buyer and it went for 115k more than asking which was crazy. So in a hot market I say wait too. Good luck with the sale!!!
My parents house went live on a thur and they got a bidding war. By Monday they had settled with an all cash buyer and it went for 115k more than asking which was crazy. So in a hot market I say wait too. Good luck with the sale!!!
Good lord. Where do they live?
And what is the name of the realtor who priced their house so much less than what it was worth, so we can all avoid them? When ever I hear ads for realtors that brag about a dozen offers and sold for 30% over the initial ask price, all I can think is the realtor is really shitty at pricing.
And what is the name of the realtor who priced their house so much less than what it was worth, so we can all avoid them? When ever I hear ads for realtors that brag about a dozen offers and sold for 30% over the initial ask price, all I can think is the realtor is really shitty at pricing.
Boulder CO. Things rarely go on the market in their neighborhood so when they do they get scooped up. I don’t think in this case it was shitty pricing. I pretty sure the realtor priced it like that on purpose! The house went for over a million - all cash so people that have money like that don’t care about the asking price if they really want it. I think it’s ridiculous but was a nice win for my parents.
And what is the name of the realtor who priced their house so much less than what it was worth, so we can all avoid them? When ever I hear ads for realtors that brag about a dozen offers and sold for 30% over the initial ask price, all I can think is the realtor is really shitty at pricing.
Boulder CO. Things rarely go on the market in their neighborhood so when they do they get scooped up. I don’t think in this case it was shitty pricing. I pretty sure the realtor priced it like that on purpose! The house went for over a million - all cash so people that have money like that don’t care about the asking price if they really want it. I think it’s ridiculous but was a nice win for my parents.
We just bought and are paying $100k over asking. On another house we lost out in a bidding war to a couple who ended up paying $150k over asking. It’s not the pricing, it’s the market in certain areas.
And what is the name of the realtor who priced their house so much less than what it was worth, so we can all avoid them? When ever I hear ads for realtors that brag about a dozen offers and sold for 30% over the initial ask price, all I can think is the realtor is really shitty at pricing.
Most of the time they do it on purpose and price below market value in really hot markets because they know it will go over asking and they want people to bid as high as possible and not have any realistic asking price in mind to limit them.
And what is the name of the realtor who priced their house so much less than what it was worth, so we can all avoid them? When ever I hear ads for realtors that brag about a dozen offers and sold for 30% over the initial ask price, all I can think is the realtor is really shitty at pricing.
Most of the time they do it on purpose and price below market value in really hot markets because they know it will go over asking and they want people to bid as high as possible and not have any realistic asking price in mind to limit them.
Yeah, that’s the way it works here. April, May and June are when the New Yorkers and Bostonians are looking to move to Maine, so they price low to generate maximum interest, then let them all duke it out. It has been really shocking, I think to everyone, how much people will pay, like more than 100% over last year’s prices sometimes.
The Realtor will almost always tell you take a first offer because their commission isn’t going to differ much at all depending on the price but I’ve read that when realtors sell, their houses are typically on the market longer and sell slightly above market prices. So if you have offers plural coming in or a lots of traffic, I’d absolutely wait. I’d also go back requesting highest and best offers if you’re lucky and get more than one. Good luck!
This is not necessarily true, and to be honest, if your realtor is advising you to take an offer based on their commission, fire the realtor. I work to get my clients the best deal for THEM, whether they're buying or selling, and I would be highly offended if someone suggested I made a decision based on what's best for me and not what's best for my client.
It depends a lot on the market, but often a realtor will suggest that a client take the first offer presented because it's a good offer. I would absolutely, in this scenario, recommend that my clients wait until after the weekend open houses were over to consider offers, unless the first offer has a very short decision window OR is exceptional. (Our contracts are standard 3 days, but sometimes people will attempt to force someone's hand with 24 hours or less, even.)