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re: How much should I offer on a home I like? UPDATE

Posted on 1/21/13 at 4:17 pm to
Posted by polizei11
Houston
Member since May 2009
1135 posts
Posted on 1/21/13 at 4:17 pm to
So a higher offer came in... the seller should either 1.) call your Realtor and say you have to beat X or 2.) call your Realtor saying the owners accepted the other offer (odds are that it was right around the price they wanted). I wouldn't give up on the house but you have to manage expectations. We know nothing about the other offer - have they had an inspection? Do they know about the problems the house? Etc. The buyers may back out or try to renegotiate after having an inspection.

Losing out on a house happens. There are always more homes out there. Be patient and you'll get one you like just as much if not more.
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 1/21/13 at 4:56 pm to
quote:

So a higher offer came in... the seller should either 1.)


That's what is weird when dealing with a relo. Our realtor asked the relo if the seller would take the best offers from both they said "not at this time."

quote:

1.) call your Realtor and say you have to beat X or 2.)


Hasn't happened, not real happy with the communication today.

quote:

2.) call your Realtor saying the owners accepted the other offer (odds are that it was right around the price they wanted).


This hasn't happened 100%. She thought they would go with the other offer.

quote:

have they had an inspection?


Most likely not, 2 have been done already.

quote:

Do they know about the problems the house?


I'd assume so. It needs some immediate work.

quote:

The buyers may back out or try to renegotiate after having an inspection.



I'm praying this happens. My wife was in tears a few minutes ago. I'm not in tears, but I'm


quote:

Be patient and you'll get one you like just as much if not more.


Thanks, we've wanted this for a long time. Didn't want to over pay for a home but it's what we really wanted.
This post was edited on 1/21/13 at 4:57 pm
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