zero contingencies and 100k over ask

[Anonymous]

Anonymous wrote:

Anonymous wrote:Make that over ask an escalation clause and you'll be more competitive.

Someone made me an escalation clause and I immediately countered with their max escalation amount. Why waste everyone's time?

You're a douche bag.

[Anonymous]

We were in a similar situation and started bidding more. Particular neighborhood in upper NW, looking for just over 2 years.

The highest bid wins.

You could also try to network in the neighborhood and buy something off market. Some sellers even want to this with realtors involved, so it’s not necessarily fsbo. You still need to pay, but could avoid a crazy escalation.

Have you tried an exploding offer? Won’t work with all sellers, but you just need 1.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Make that over ask an escalation clause and you'll be more competitive.

Someone made me an escalation clause and I immediately countered with their max escalation amount. Why waste everyone's time?

You're a douche bag.

What kind of market do you think we're in right now? Don't play poker with your hand face up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Make that over ask an escalation clause and you'll be more competitive.

Someone made me an escalation clause and I immediately countered with their max escalation amount. Why waste everyone's time?

Ok then their realtor asked if they want to go higher. The max isn't really the max

[Anonymous]

Hang in there, OP, the right situation will come along. We were in this situation last year and then ended up being able to buy our home for list price - we think the reason was because the owner wanted a two month rent back and that worked out well with timing our previous place to sell.

I will tell you what sealed the deal in selling our old house -- a two week close (obviously without any contingencies). We knew it would be a done deal in two weeks and chose that offer over a higher one.

[Anonymous]

Our neighbors house just sold for $400K over asking price, no contingencies, and a cash offer. The market is crazy. I just don’t think the inventory is going to increase with interest rates so high.

[Anonymous]

IMO opinion the fed isn’t cutting rates any time soon (probably not even this year) so inventory will not improve. Hence you need to really bid your max and more. you can refinance when rates finally go down.

inventory is stuck at super low levels because no one wants to sell and be forced to buy and take a higher rate. Those that do want to buy have nothing to pick from which is why you’re in this pickle. So you need to outbid your highest bid.

[Anonymous]

The cost of missing out on a house that you like is much higher than it has been in the past, so people are going nuts to make sure that doesn’t happen.

[Anonymous]

The listing price has zero to do with actual price. I recall I read about a realtor somewhere in another state pricing all his homes at $1 dollar. He then let the market take over to bid it up.

So if you bid $2 dollars which is 100 percent above asking price is that relevant.

[Anonymous]

Anonymous wrote:You’ve been looking for 2 years and only bud 4x?

We got the 4th house we bid on, and had bid 4x in 4 weeks.

You need to start offering on more houses.

This is true. You're not that active of a buyer OP.

[Anonymous]

People that refuse to look outside of their “dream neighborhood“ wonder why there’s “no inventory”.

[Anonymous]

Where are you looking and what price range? My house is pretty much turnkey and going on the market at the end of next week, and I'm looking for fast sale and close more than a bid war.

[Anonymous]

Anonymous wrote:People that refuse to look outside of their “dream neighborhood“ wonder why there’s “no inventory”.

Well we aren't planning to switch schools so we aren't looking outside this neighborhood. I wish we could.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Make that over ask an escalation clause and you'll be more competitive.

Someone made me an escalation clause and I immediately countered with their max escalation amount. Why waste everyone's time?

You're a douche bag.

They can do whatever they want. Unless I was for some reason desperate for that particular house I would just respond that they already have my best offer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Make that over ask an escalation clause and you'll be more competitive.

Someone made me an escalation clause and I immediately countered with their max escalation amount. Why waste everyone's time?

You're a douche bag.

They can do whatever they want. Unless I was for some reason desperate for that particular house I would just respond that they already have my best offer.

Exactly. I was surprised to see someone take negotiation so personally. That mindset must make it very difficult to buy a house.