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Started By
Message
re: Real estate situation
Posted on 1/6/18 at 7:41 am to CrazyJoeDivola
Posted on 1/6/18 at 7:41 am to CrazyJoeDivola
I could understand them not accepting with a contingency
0
Posted on 1/6/18 at 7:49 am to SeeeeK
quote:
Nice subtle brag
That's what I read too. Stating the asking price of the new home and the value of the current home wasn't necessary to tell the story.
OP just proved he is less than endowed.
Posted on 1/6/18 at 7:56 am to CrazyJoeDivola
quote:
contingent offers have exit clauses if an offer comes along.
This was my first thought as well. The standard contingency agreement benefits the seller. They have you on the hook to buy their property but can still accept a better offer if one comes along and tell the contingency buyer to kick rocks.
Posted on 1/6/18 at 8:06 am to CrazyJoeDivola
quote:
You are out of your mind.everyone knows contingent offers have exit clauses if an offer comes along. Who the hell moves into an apartment.
Someone who can’t afford to have an extra house note for a few months even though they found a house they want
Posted on 1/6/18 at 8:58 am to CoachKlein
quote:
20-30k in landscaping work?
Yeah it needs a tiller and some grass seed. Maybe a handful of $10 starter shrubs from the Walmart garden center. I know this because it’s the most any place needs. Don’t let “This Old House” blow smoke up your arse.
Posted on 1/6/18 at 9:00 am to CrazyJoeDivola
quote:
Sellers wouldn’t even consider a contingency and wouldn’t negotiate unti we had an offer on our place
I said see ya as I felt it would give them to much leverage as if my place was under contract they would know I had to find a place.
Really suprised that they were so unwilling to consider with house being on market for so long and sitting empty.
Come to find out they have been through several realtors because they wouldn’t take any advice to sell the place.
Sounds like they aren't hurting for money and are just waiting for a sucker.
Posted on 1/6/18 at 9:19 am to 0
quote:
Sounds like they aren't hurting for money and are just waiting for a sucker
Why won’t they do a little landscaping then
Posted on 1/6/18 at 9:22 am to 0
Why not try and sell your house and have a contingency on you closing on the other house before you sell yours. Doesn't seem that complicated.
Posted on 1/6/18 at 9:22 am to CrazyJoeDivola
I would personally never accept an offer contingent upon selling of another property. Why even accept an offer if there's an exit clause? An offer is only good as its weakest link.
Sell your house if you need to in order to move up, then make an offer on the new property.
There's literally nothing holding you back from doing so.
And lol at $20-30k inlandscaping.
Sell your house if you need to in order to move up, then make an offer on the new property.
There's literally nothing holding you back from doing so.
And lol at $20-30k inlandscaping.
Posted on 1/6/18 at 10:04 am to baldona
quote:
I would personally never accept an offer contingent upon selling of another property. Why even accept an offer if there's an exit clause?
As I stated earlier, contingency offers benefit the seller more....they are able to still market the property and accept a better offer if one comes along.
Posted on 1/6/18 at 10:07 am to CrazyJoeDivola
quote:
Yep have moved on- just felt their response was weird. Apparently they just don’t need to sell
May not be the case at all. By having the house under contract, it will deter alot of potential buyers from even looking at the house. We ran into this situation over the summer. We would see houses that we might want to look at but if it was under contract we didnt even look at it bc we didnt want to waste our time really liking it and then not being able to get it.
How long would the contingency be on it? Bc it took us 7 months to sell our other house. Thats alot of showings that could be lost if the house shows under contract.
Posted on 1/6/18 at 12:42 pm to Chucktown_Badger
If they own it outright, you can figure out how much it's costing them per year. Taxes + insurance+ utilities. Point out how much it has cost them to keep the house empty for five years, and adjust your bid accordingly.
They may have rented it because it can be difficult to insure an unoccupied house.
They may have rented it because it can be difficult to insure an unoccupied house.
This post was edited on 1/6/18 at 5:38 pm
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