Would you write an offer on a Coming Soon listing?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sellers almost certainly will not accept the offer. They will (perhaps correctly) take it as a clear indication that they have a very desirable house to sell in a hot market.

they might if they are doing a ton of work on the house prior to the listing going live

Let's be real, maybe one out of a thousand sellers would accept an offer while their home is "Coming Soon." Especially if the buyer is including an inspection contingency.

Yup. I would feel encouraged to list to see what other offers I’d get.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sellers almost certainly will not accept the offer. They will (perhaps correctly) take it as a clear indication that they have a very desirable house to sell in a hot market.

they might if they are doing a ton of work on the house prior to the listing going live

Let's be real, maybe one out of a thousand sellers would accept an offer while their home is "Coming Soon." Especially if the buyer is including an inspection contingency.

We did. It was when the market wasn’t as hot. We’d planned on listing at $850, but told the buyers $900 and they took it. Since the market wasn’t as hot, and comps were closer to the mid-800s we weren’t sure if we’d trigger a bidding war, and we didn’t want our listing to go stale if we overpriced the house. Plus, we had a small child and pet, so were not looking forward to open houses or showings. We only had a sign in our yard, though, not a Coming Soon listing, so if OP had come in “full price” we probably wouldn’t have taken it. We’d only consider the “what price will cancel the open house” one.

[Anonymous]

You can try anything you want. Have your agent call and feel them out.

[Anonymous]

I’ve got kids and dogs. Getting the house ready for sale and keeping it market ready is difficult. I’d definitely entertain an offer if I were selling just to avoid having more people come through our home as long as it was a strong offer with no contingencies. Your inspection contingency would be a deal breaker for me though.

[Anonymous]

Just expect the sellers to ignore it. Or, be prepared to offer significantly over the list price.

You have to pay a premium and make it worth their while to never hit the market.

[Anonymous]

Yep, I would write an offer on a Coming Soon--that's how we got the house we bought last year. We made an offer at list price with contingencies and it was accepted. In our case, we knew the neighborhood and were reasonably confident with what the layout of the house would be based on other houses we'd seen and lost. And, the list price was a bit high (but not bidding-war insane high).

Our agent was able to get a good feel on the sellers in this case and that helped. Ours were older and wanted to take advantage of the hot market but were really anxious about putting the house on the market in terms of COVID safety as well as the logistics of getting ready to show (they had...a lot of stuff!). So, knowing that, we were able to save them the trouble of having it on the market and offer them a longer closing.

I am still pretty shocked it worked out as smoothly as it did for us, but I think it is totally worth having your agent reach out. Sometimes it is worth the convenience for people not to get into putting the house on the market.

[Anonymous]

When we sold my ILs' house, there was a Coming Soon sign, and if someone had offered what we planned to ask, we'd have sold it right then.

But even if you'd been able to see inside, the grime and piles of crap would have been pretty offputting.

[Anonymous]

We sold back in April and got one one offer when we were 'coming soon.'

I told our agent, that unless it's 20% over asking, I don't even want to hear about it. It just means that there will be a lot of interest in the house.

Winning offer ended up being 35k above the 'coming soon' offer

[Anonymous]

I lost two offers this way, because I didn't follow my agent's advice. I told her next time absolutely yes - with photos and disclosures, though, and right to back out upon inspection. There's one I'm drooling over now that only has half the photos ready and I'm going on vacation and gonna miss it.

[Anonymous]

Go knock on door and bring a check book.

Be a man

[Anonymous]

Anonymous wrote:We sold back in April and got one one offer when we were 'coming soon.'

I told our agent, that unless it's 20% over asking, I don't even want to hear about it. It just means that there will be a lot of interest in the house.

Winning offer ended up being 35k above the 'coming soon' offer

And this is the reality, more often than not. If one person is going to put an offer sight unseen, that tells me a lot of other buyers will probably be interested too.

[Anonymous]

Offer us above list and we'll take it, I am not excited about keeping the house super clean and taking the kids out for a full day of open house in this heat in a couple weeks. I would be happy to take an above-list offer with all contingencies waived.

[Anonymous]

Anonymous wrote:Go knock on door and bring a check book.

Be a man

Lol I actually asked my agent about this like can I just go up and say hi? She said it could backfire and could lose the house for breaking the rules. But it's a good question - they have a "coming soon" sign hanging in the front lawn. If I didn't know the rules, wouldn't that be an invitation to walk up and ask for a look around?

[Anonymous]

Anonymous wrote:Offer us above list and we'll take it, I am not excited about keeping the house super clean and taking the kids out for a full day of open house in this heat in a couple weeks. I would be happy to take an above-list offer with all contingencies waived.

Where's your house? Approximately?

[Anonymous]

I think a better strategy would be go have your agent feel out the other agent first and then to basically see the house first day on the market and submit your offer immediately. Make it large enough over list that they will want to take it and cancel the open house. If they say no, resubmit at the offer deadline.