re: Housing market is stupid right now - brief rant *Update in OP*

quote:

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Time to play hardball if nothing else than to piss them off. Tell them your offer goes down by $5,000 if they miss YOUR offer deadline.

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Did exactly that when I recently was a cash buyer. My daughter had been looking for a house in Ascension for a while. Everything she bid on was either going to a cash buyer or she was just plain outbid. I agreed to become a cash buyer for her and then to flip the house to her. She found a house she wanted. Within 2 hours of it being listed I put in a cash offer for a number in line with how much comparable houses had been going for. Stipulated they had 4 hours to accept or my offer was going down $1000 for every hour thereafter. Seller accepted offer at hour 6. Came closing time they were pissed when they saw the $2K deduction. Told them I'd walk away if they wanted. Not my fault they failed to understand a contract works both ways.