Bid on a house and now one I like more just came on

[Anonymous]

Back out ASAP before it's ratified. It's ratified once the sellers sign.

[Anonymous]

Anonymous wrote:Must be foreclosure sale. Real estate owned.

must not be in dc

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP - I wouldn't worry. either your first offer won't be accepted or the other house will be under contract by the end of today. you really have nothing to worry about....

So basically I'm screwed either way? Thanks.

You wanted an honest opinion, so I gave you mine. The fact that a house is considered stale if its not under contract in a week shoud tell you what your odds are for getting either house....assuming youre inside/near inside the beltway and in a single family home. If you're in Bethesda, Arlington, Chevy chase, falls church, NW, Vienna, McLean YOU ARE SCREWED.

[Anonymous]

We lost a bid on a foreclosure - maybe you have my house if so - back out and I'll take it!

[Anonymous]

Agent here and I think I have figured out which house OP bid on and which other one she wants.

must not be in DC

Actually, there is an REO available right now in one of DCUM's favorite upper NW leafy enclaves.

[Anonymous]

Anonymous wrote:Make the offer on the second that you like better and even if the first accept your initial offer (unlikely) do not ratify the contract by signing it.

OP here. THis is what my agent recommended too and what I'm moving forward with. Will let you know how it goes...

[Anonymous]

Aren't there offers on the other house already as well?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Make the offer on the second that you like better and even if the first accept your initial offer (unlikely) do not ratify the contract by signing it.

OP here. THis is what my agent recommended too and what I'm moving forward with. Will let you know how it goes...

That is horribly unethical, by the way and your agent should know better than that. Contact the sellers BEFORE they make a decision.

[Anonymous]

As a seller I would take your deposit

[Anonymous]

Anonymous wrote:As a seller I would take your deposit

Agent here.

If OP backed out before you accepted the offer, or if you accepted someone else's offer, or if you accepted OP's offer but countered some of the terms -- you would have no legal way to take the deposit. The likelihood of none of the above happening and a seller simply accepting an offer as submitted is very small.

[Anonymous]

Anonymous wrote:

Anonymous wrote:As a seller I would take your deposit

Agent here.

If OP backed out before you accepted the offer, or if you accepted someone else's offer, or if you accepted OP's offer but countered some of the terms -- you would have no legal way to take the deposit. The likelihood of none of the above happening and a seller simply accepting an offer as submitted is very small.

Happens all the time , you just pissed away the sellers time and its with money

[Anonymous]

What makes you think you are good enough to win the next house and the next , etc... Repeat

[Anonymous]

This happens all the time. Do whatever you need to do to get house you want.assuming you can afford.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As a seller I would take your deposit

Agent here.

If OP backed out before you accepted the offer, or if you accepted someone else's offer, or if you accepted OP's offer but countered some of the terms -- you would have no legal way to take the deposit. The likelihood of none of the above happening and a seller simply accepting an offer as submitted is very small.

Happens all the time , you just pissed away the sellers time and its with money

That's just part of the process of selling a house. If it's a good house the sellers will have many other offers. No loss.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As a seller I would take your deposit

Agent here.

If OP backed out before you accepted the offer, or if you accepted someone else's offer, or if you accepted OP's offer but countered some of the terms -- you would have no legal way to take the deposit. The likelihood of none of the above happening and a seller simply accepting an offer as submitted is very small.

Happens all the time , you just pissed away the sellers time and its with money

That's just part of the process of selling a house. If it's a good house the sellers will have many other offers. No loss.

If the buyer put in an offer and it was signed I would take their deposit.