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Started By
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Realtors of the OT
Posted on 10/10/18 at 1:24 pm
Posted on 10/10/18 at 1:24 pm
Fairly specific house question, I think.
Little over a month ago a house entered the market on a Friday and was gone by Monday. It was marked as "contingent". About 25 days later, 5 days from closing the buyer's financing fell through.
It's back on the market and hasn't had an offer in 12 days...
The selling realtor says they have an active contract right now that is contingent on selling the house and they're "extremely motivated".
My realtor said he couldn't believe their realtor told him that...which leads me to believe their realtor just doesn't care or this entire thing is a trap.
Two things, does a change in status REALLY effect the home sale and an influx of offers? What questions should I be asking/what should I be worried about in this situation.
No pics, Real Estate Board, ghey, trashy, OT poor. Miss anything?
Little over a month ago a house entered the market on a Friday and was gone by Monday. It was marked as "contingent". About 25 days later, 5 days from closing the buyer's financing fell through.
It's back on the market and hasn't had an offer in 12 days...
The selling realtor says they have an active contract right now that is contingent on selling the house and they're "extremely motivated".
My realtor said he couldn't believe their realtor told him that...which leads me to believe their realtor just doesn't care or this entire thing is a trap.
Two things, does a change in status REALLY effect the home sale and an influx of offers? What questions should I be asking/what should I be worried about in this situation.
No pics, Real Estate Board, ghey, trashy, OT poor. Miss anything?
This post was edited on 10/10/18 at 1:27 pm
9
Posted on 10/10/18 at 1:29 pm to MisslePig
Why don’t you ask your agent?
Posted on 10/10/18 at 1:36 pm to MisslePig
why can't your realtor believe the sellers agent told him that?
This post was edited on 10/10/18 at 1:37 pm
Posted on 10/10/18 at 1:42 pm to MisslePig
quote:
My realtor said he couldn't believe their realtor told him that...which leads me to believe their realtor just doesn't care or this entire thing is a trap.
Or the realtor knows that if the other contract falls through, the seller's agent is out at least one commission check. That assumes he also wasn't the buyer's agent on the other house. He's motivated as well since he's not getting paid if the deals fall through.
Almost exact scenario happened to a house we were looking at. Sellers were paying on a construction loan while they were building a house and had moved into a rental expecting the sale to go through. It didn't, which left them with 3 house payments. We didn't end up making an offer because we found a house we liked better, but I checked the sales records and somebody got a very nice deal. It's all about timing.
I'd just make sure the other offer fell through due in fact to something in the buyer's finances and not from something else. Like maybe an appraisal that was low or something major in an inspection. Both situations could cause a bank not to back a loan and thus the buyer's financing would fall through.
Nothing really to worry about if you have a good realtor and follow through with your due diligence. You might just get lucky and get a good deal.
This post was edited on 10/10/18 at 1:44 pm
Posted on 10/10/18 at 1:44 pm to MisslePig
something sells for what the seller will accept and the buyer is willing to pay, and money talks
Posted on 10/10/18 at 1:46 pm to 777Tiger
quote:
TheMightyTerrier
Thanks!
Posted on 10/10/18 at 1:56 pm to MisslePig
Realtors are worse than lawyers now. Lowest of low.
Posted on 10/10/18 at 2:21 pm to MisslePig
The agent should not have said that, and is not doing a good job for his/her clients.
As to your question, yeah, you're going to get most of your activity in the first few weeks your house is listed, that's when it's on the hotsheet so to speak. After about thirty days, you won't get as many showings, but they'll still come.
As long as it didn't fail due to inspection issues, take advantage and be aggressive with your offer and try to arrange a quick closing. You might get a steal if they're up against it.
As to your question, yeah, you're going to get most of your activity in the first few weeks your house is listed, that's when it's on the hotsheet so to speak. After about thirty days, you won't get as many showings, but they'll still come.
As long as it didn't fail due to inspection issues, take advantage and be aggressive with your offer and try to arrange a quick closing. You might get a steal if they're up against it.
Posted on 10/10/18 at 2:58 pm to TheMightyTerrier
ayers = GOAT
Posted on 10/10/18 at 8:41 pm to MisslePig
quote:
Board, ghey, trashy, OT poor. Miss anything?
Yes what was the list price ? About $350k
Posted on 10/10/18 at 8:45 pm to MisslePig
quote:WHORES,, God bless
Realtors of the OT
easy lays, love swiping them on Bumble /Tinder and they have empty houses to frick in
Posted on 10/10/18 at 8:49 pm to MisslePig
Your realtor, not theirs, is suspect.
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