- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Putting an offer on a house when yours isn't on the market yet ?
Posted on 7/29/17 at 7:58 pm
Posted on 7/29/17 at 7:58 pm
I know I'm eventually outgrowing my current home and have a realtor sending me emails just to torture myself. There's a house we are going look at tomorrow during an open house and I'm pretty sure we will love it. What's a typical contingent time frame on an offer and can the seller accept other offers over my contingent one??
5
Posted on 7/29/17 at 8:24 pm to CE Tiger
Can you afford to carry both payments? That's the answer.
IOW. There's always another house to buy that you will "love". Take the emotion out of it and look at it objectively.
IOW. There's always another house to buy that you will "love". Take the emotion out of it and look at it objectively.
Posted on 7/29/17 at 8:29 pm to CE Tiger
Just put "contingent on the sale of current home" in the offer.
Posted on 7/29/17 at 8:36 pm to CE Tiger
We just went through you same scenario. Seller accepted our offer with a 48 hr contingency break where if they got another offer then we had 48 hrs to either move into escrow immediately or remove our offer with no penalty. Only money we lost was the inspection fee which you must complete within a certain number of days from the seller accepting your offer.
Be prepared though for the seller not to accept your offer if your house isn't for sale and you can't carry two mortgages. We declined an offer on ours because the buyer was still two weeks away from listing their house.
Losing the first house sucked at first but we ended up finding a better house, in a better neighborhood for less money once ours had an offer so it all worked out. I would advise getting yours on the market asap if you want a buyer to take you seriously and not miss out on a home you really like.
Be prepared though for the seller not to accept your offer if your house isn't for sale and you can't carry two mortgages. We declined an offer on ours because the buyer was still two weeks away from listing their house.
Losing the first house sucked at first but we ended up finding a better house, in a better neighborhood for less money once ours had an offer so it all worked out. I would advise getting yours on the market asap if you want a buyer to take you seriously and not miss out on a home you really like.
Posted on 7/29/17 at 8:52 pm to SnowAubie
Yea definitely can't handle 2 mortgages. I'm probably screwed since I feel there asking price is kind of high and will have no room for negotiating with the contingent
I just feel like me or the wife don't want to go through the trouble of listing our house which we are fine in currently unless a dream home comes along
I just feel like me or the wife don't want to go through the trouble of listing our house which we are fine in currently unless a dream home comes along
Posted on 7/29/17 at 8:54 pm to CE Tiger
Ce, do you have an agent? If so, ask them about a predicated offer, if not, email me at tigertjg210@yahoo.com with specifics and I can see if I can help.
This post was edited on 7/29/17 at 8:55 pm
Posted on 7/29/17 at 9:36 pm to TJG210
What is the housing market like for this price home?
Soft market =Buyer flexibility
Hot market =Little flexibility
How long has the house been for sale?
Soft market =Buyer flexibility
Hot market =Little flexibility
How long has the house been for sale?
Posted on 7/29/17 at 9:53 pm to ItzMe1972
Just got listed this week. I think my house would sell pretty easily
Posted on 7/30/17 at 12:11 am to CE Tiger
If you think it will sell, ask the agent for a predicated offer....depending on how desperate the other folks are......they may give you up to 30 days. The ones I've seen lately have been for 15.
Posted on 7/30/17 at 11:24 am to CE Tiger
Don't do contingent offers right now.
Posted on 7/30/17 at 11:50 am to CE Tiger
Is it a sellers market where you live? THen a contingent offer should be fine. If houses are sitting on the market it probably won't.
Posted on 7/30/17 at 1:55 pm to VABuckeye
Went and looked it was nice but not the upgrade I was thinking . Also $190 a square foot is unreal expensive
Maybe it will help us thinks seriously about what we want and how to list our house or test the market with it
Maybe it will help us thinks seriously about what we want and how to list our house or test the market with it
This post was edited on 7/30/17 at 1:56 pm
Posted on 7/31/17 at 8:31 am to VABuckeye
quote:
Can you afford to carry both payments? That's the answer.
How would he have 2 payments? Isn't his intention to put an offer on this new house which is contingent on him selling the old one?
Or will the contingency be only the opening of escrow (and not the complete sale) on your house, and you risk going a few months with dual payments ?
Posted on 7/31/17 at 8:58 am to 632627
To fully qualify without a contingency he'd have to be able to carry both payments.
His intent may be to sell his existing house but to purchase the house without contingency he HAS to be able to do the above.
BTW, most states don't do escrow like California does.
His intent may be to sell his existing house but to purchase the house without contingency he HAS to be able to do the above.
BTW, most states don't do escrow like California does.
This post was edited on 7/31/17 at 8:59 am
Posted on 7/31/17 at 9:36 am to VABuckeye
Ok make sense I live in California thanks for clarifying
Posted on 7/31/17 at 12:33 pm to CE Tiger
We did this last year
Were planning on building but a perfect house came along. We put a full price offer contingent on sale of our home and sold it the day after when put it on market.
I was very apprehensive about ever trying to sell my home without having a new place picked out and settled.
It worked out for us but the home we bought had been on market for a little while which made it easier.
Were planning on building but a perfect house came along. We put a full price offer contingent on sale of our home and sold it the day after when put it on market.
I was very apprehensive about ever trying to sell my home without having a new place picked out and settled.
It worked out for us but the home we bought had been on market for a little while which made it easier.
Posted on 7/31/17 at 12:35 pm to CE Tiger
quote:
I think my house would sell pretty easily
Says every homeowner ever.
Posted on 7/31/17 at 1:04 pm to barry
I was the opposite.
I was worried about selling my house, at least for near what I was asking. My realtor was very confident it would sell quickly though (shocker).
It sold after the 2nd showing for full price in cash.
Unfortunately it took on 2' of water one week after closing.
I was worried about selling my house, at least for near what I was asking. My realtor was very confident it would sell quickly though (shocker).
It sold after the 2nd showing for full price in cash.
Unfortunately it took on 2' of water one week after closing.
Posted on 7/31/17 at 2:11 pm to Croacka
quote:
Unfortunately it took on 2' of water one week after closing.
I remember that, blows.
Posted on 7/31/17 at 2:33 pm to barry
quote:I know where he lives, and if he prices his house right, it won't last but a few weeks.
Says every homeowner ever.
Page 1 of 2
Back to top
Follow TigerDroppings for LSU Football News