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re: Did My Sister Get Ripped Off (Home Purchase)
Posted on 5/9/13 at 11:14 am to jsquardjj
Posted on 5/9/13 at 11:14 am to jsquardjj
quote:
I bought a house in Lakeview for 55K under the asking price and it is an indemand market right now.
That's great that it worked out for you, but do you think that the seller would have even counter offered you if he received another offer on the same day for $55K more?
Also, the OPs sis wasn't looking at a 55K savings like you. If its a decent market the seller may have come down $5K. Sometimes the piece of mind is worth it if you can avoid haggling for days while risking losing a home you like.
1
Posted on 5/9/13 at 11:41 am to ZereauxSum
quote:
That's great that it worked out for you, but do you think that the seller would have even counter offered you if he received another offer on the same day for $55K more? Also, the OPs sis wasn't looking at a 55K savings like you. If its a decent market the seller may have come down $5K. Sometimes the piece of mind is worth it if you can avoid haggling for days while risking losing a home you like.
All true. I guess it just depends on how much you like the home and how many other people were looking at it. Like I said, finding your dream home the same day as an open house would be a different story. In most situations though, the seller does not land two offers in one day.
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