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We offered on one yesterday and the deadline for offers was today at 5pm. Curiously I get a text at 11am today saying the seller accepted another offer. Any concern on this by a buyer?
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Fact: Deadline is tomorrow at 5pm. Offer has been submitted.
Tell me what that means to you?
Seller can accept an offer at any time. They got a good one they wanted to accept, possibly with a short deadline from the buyer so they couldn't or didn't want to wait.
Seller can accept an offer at any time. They got a good one they wanted to accept, possibly with a short deadline from the buyer so they couldn't or didn't want to wait.
Exactly this.
Every month, I have showings cancelled because multiple sight unseen offers come in before the property goes Active to allow showings.
Seller is not limited as to when they can accept an offer, until they are under contract.
We offered on one yesterday and the deadline for offers was today at 5pm. Curiously I get a text at 11am today saying the seller accepted another offer. Any concern on this by a buyer?
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Fact: Deadline is tomorrow at 5pm. Offer has been submitted.
My agent said offer no DD $ and gave a deadline about 30 hours after the offer was submitted and would not suggest an amount of earnest money. Not sure how they knew DD would get the offer rejected and why the amount of earnest did not matter to them our agent.
I have a couple others I looking at and may be able to communicate with them before they might list it. I'm going to need help negotiating on those with a good negotiator.
What are things to consider when offering part conventional and part cash to bump up offering range a little? Thanks.
Howard, you've started 3 or 4 threads that clearly indicate that you aren't confident with this realtor. Sime of your posts sound like you don't trust them.
I don't really understand why you aren't parting ways with them.
I am interested to hear comments about an offer that is part conventional (90%) and part cash (10%) to get a higher price range since we are stuck in a range where cash offers are being accepted. Thanks.
I am interested to hear comments about an offer that is part conventional (90%) and part cash (10%) to get a higher price range since we are stuck in a range where cash offers are being accepted. Thanks.
Your question is not very clear. How you pay for it does not affect the price range that you can afford. Cash offers are being made in all price ranges. I'm presently working on a closing where it's a million+ dollar cash transaction. Cash is still king.
Your question is not very clear. How you pay for it does not affect the price range that you can afford. Cash offers are being made in all price ranges. I'm presently working on a closing where it's a million+ dollar cash transaction. Cash is still king.
We do have some cash reserves and by adding some of that to loan approved amount we can consider higher priced properties. Or instead we could offer to pay the full commission paid by the seller which saves them what these days 6%.
Could we greatly increase the earnest money to increase the chances of an offer acceptance?
We do have some cash reserves and by adding some of that to loan approved amount we can consider higher priced properties. Or instead we could offer to pay the full commission paid by the seller which saves them what these days 6%.
Could we greatly increase the earnest money to increase the chances of an offer acceptance?
Don't concern yourself with the commission amount which the Seller has agreed to pay their agent. Simply make a higher offer. The Seller's concern is the net amount to be received--not how it is structured. Raising the amount offered as an earnest money deposit may help, but the amount of EMD is far less significant than the price being offered. The EMD is made primarily to give an indication that you're serious and to give the Seller some level of assurance that you are going to go through with the closing. Regardless of the competition, don't forgo contingencies unless you're sure that they aren't needed.
Your agent and lender should really be advising you on these things. Are they not, or you're trying to find out if what they've told you is incorrect? There are some issues here but I don't know what they are, nor do the rest of us, because we aren't privy to your conversations with your agent. I strongly encourage you to have some open communication with your agent and lender.
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