Tips from a seller why just had home go under contract

[Anonymous]

Anonymous wrote:Within the past 5 months... we bid slightly under ask on a McLean house that is over $1M, there were three other offers. Agent said for each to bring their best offer. We raised our offer to full ask price (with 20% down), BUT STILL had both a home inspection and financing contingency and we got the house. So this seller has ALL the leverage hype isn't the RULE all the time - even in sought after areas of McLean.

Eh you bought during the winter market.

[Anonymous]

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Anonymous wrote:1) if a cash offer is on the table I will take it over yours unless you drop all contingencies

2) bid higher than sale price

3) drop all contingencies

Get back to us when you actually close.

They close every single time. Just not with you.

Sorry toots - I’ve already closed and did none of the things here. But good luck with your closing!

Yeah, you're also living in a shitbox in Rockville with your unsuccessful realtor wife.

Nope!

As I said yesterday on another thread, we had to go cash/no contingencies to get a sh!tbox in Rockville last year. And another time the year before.

I’m sorry you got screwed. But to pretend your way is right or normal is the epitome of why people hate the DC area.

This is not just happening in the DC area. It’s happening everywhere where people want to live, because of historically low inventory everywhere.

But where is your data for this (other than the low inventory piece)? All I have seen is anecdotes and people pointing to other threads on this anonymous site. Is there somewhere you are getting facts regarding contingencies on accepted offers?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1) if a cash offer is on the table I will take it over yours unless you drop all contingencies

2) bid higher than sale price

3) drop all contingencies

Get back to us when you actually close.

They close every single time. Just not with you.

Sorry toots - I’ve already closed and did none of the things here. But good luck with your closing!

Yeah, you're also living in a shitbox in Rockville with your unsuccessful realtor wife.

Nope!

As I said yesterday on another thread, we had to go cash/no contingencies to get a sh!tbox in Rockville last year. And another time the year before.

I’m sorry you got screwed. But to pretend your way is right or normal is the epitome of why people hate the DC area.

This is not just happening in the DC area. It’s happening everywhere where people want to live, because of historically low inventory everywhere.

But where is your data for this (other than the low inventory piece)? All I have seen is anecdotes and people pointing to other threads on this anonymous site. Is there somewhere you are getting facts regarding contingencies on accepted offers?

There is no data for this. It’s just people on this site spouting ridiculous assertions to make them feel better for their behavior. People on this site love to make wild assertions and claim them as fact because of how they behave. And for some reason this sub-forum attracts a number of frothing at the mouth unhinged people. It’s bizzare and prevents normal conversations - which could include civil disagreements.

[Anonymous]

Anonymous wrote:

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As a seller, I want to like my buyers, so if a bidder annoys me, they can increase their bid all they want, I won't sell to them. Since I have a nice little lot near downtown Bethesda, I'm sure I'll find someone I like.

this is so f-d up, you should not know anything about the buyers except their terms.


In normal , I would be totally fine with normal contingencies. I don't consider these normal times. If you need contingencies, make them as short as possible.

Enh, I'm pretty confident we got our house over other offers because I was massively pregnant and we wrote a very sweet letter about growing our family in their home. We bought from elderly original owners who were packing up to go live with an adult child, so they probably appreciated the sentimental stuff.

Those letters should be banned or at least not opened. A system that allows “good” discrimination is not a good system.

[Anonymous]

Anonymous wrote:

Anonymous wrote:1) if a cash offer is on the table I will take it over yours unless you drop all contingencies

2) bid higher than sale price

3) drop all contingencies

Get back to us when you actually close.

+1. Haha, yep.

[Anonymous]

Anonymous wrote:Those letters should be banned or at least not opened. A system that allows “good” discrimination is not a good system.

Who cares? It really only hurts the seller, if it actually happened, and makes buyers feel like something they did gave them and edge, which it probably didn't.

But if someone wants to leave money on the table by accepting an offer that isn't actually the best overall package, then it's a free country, you can throw hundred dollar bills out the window too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Within the past 5 months... we bid slightly under ask on a McLean house that is over $1M, there were three other offers. Agent said for each to bring their best offer. We raised our offer to full ask price (with 20% down), BUT STILL had both a home inspection and financing contingency and we got the house. So this seller has ALL the leverage hype isn't the RULE all the time - even in sought after areas of McLean.

Eh you bought during the winter market.

Contract ratified yesterday, house was overpriced and then when they dropped it a bit we swooped in at asking price. WITH inspection contingency and right to cancel.

In April.

In a W district.

For under $1m.

[Anonymous]

Anonymous wrote:1) if a cash offer is on the table I will take it over yours unless you drop all contingencies

2) bid higher than sale price

3) drop all contingencies

What an effing waste of time it was opening your lame ass thread

[Anonymous]

Anonymous wrote:

Anonymous wrote:1) if a cash offer is on the table I will take it over yours unless you drop all contingencies

2) bid higher than sale price

3) drop all contingencies

What an effing waste of time it was opening your lame ass thread

I bet you'd won if you abide by the 3 seller rules

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Within the past 5 months... we bid slightly under ask on a McLean house that is over $1M, there were three other offers. Agent said for each to bring their best offer. We raised our offer to full ask price (with 20% down), BUT STILL had both a home inspection and financing contingency and we got the house. So this seller has ALL the leverage hype isn't the RULE all the time - even in sought after areas of McLean.

Eh you bought during the winter market.

Contract ratified yesterday, house was overpriced and then when they dropped it a bit we swooped in at asking price. WITH inspection contingency and right to cancel.

In April.

In a W district.

For under $1m.

Blessed be the sellers who overprice. They are the best hope for buyers, particularly those with sale or settlement of home contingencies

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Within the past 5 months... we bid slightly under ask on a McLean house that is over $1M, there were three other offers. Agent said for each to bring their best offer. We raised our offer to full ask price (with 20% down), BUT STILL had both a home inspection and financing contingency and we got the house. So this seller has ALL the leverage hype isn't the RULE all the time - even in sought after areas of McLean.

Eh you bought during the winter market.

Contract ratified yesterday, house was overpriced and then when they dropped it a bit we swooped in at asking price. WITH inspection contingency and right to cancel.

In April.

In a W district.

For under $1m.

Blessed be the sellers who overprice. They are the best hope for buyers, particularly those with sale or settlement of home contingencies

Yep! Tips from a buyer: Price low, get buyers in and get them bidding. You'll get better terms with multiple offers, and will probably end up selling for just as much in the end.

[Anonymous]

Ok, I’ll bite. If I’m offering 30 to 50% down w bank approval etc., earnest money of 50k to 100k, pre-inspection with inspection contingency waived, perhaps escalation clause, how/why is all cash really better? Clearly I’m serious and going to close. You’re going to get your money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Within the past 5 months... we bid slightly under ask on a McLean house that is over $1M, there were three other offers. Agent said for each to bring their best offer. We raised our offer to full ask price (with 20% down), BUT STILL had both a home inspection and financing contingency and we got the house. So this seller has ALL the leverage hype isn't the RULE all the time - even in sought after areas of McLean.

Eh you bought during the winter market.

Contract ratified yesterday, house was overpriced and then when they dropped it a bit we swooped in at asking price. WITH inspection contingency and right to cancel.

In April.

In a W district.

For under $1m.

Any chance this is right at River and Goldsboro? I know a house that fits this description and was curious to see when it would go.

[Anonymous]

Anonymous wrote:Ok, I’ll bite. If I’m offering 30 to 50% down w bank approval etc., earnest money of 50k to 100k, pre-inspection with inspection contingency waived, perhaps escalation clause, how/why is all cash really better? Clearly I’m serious and going to close. You’re going to get your money.

Do you have an appraisal contingency? I know appraisals are a scam, but it’s still one more thing that can go wrong especially if you escalated way over list.

[Anonymous]

Anonymous wrote:Ok, I’ll bite. If I’m offering 30 to 50% down w bank approval etc., earnest money of 50k to 100k, pre-inspection with inspection contingency waived, perhaps escalation clause, how/why is all cash really better? Clearly I’m serious and going to close. You’re going to get your money.

Cash buyer can close in 5 days and the seller gets their money faster. Anything can happen to you during the 30 day period between contract, loan approval, and closing. The seller is taking security of a cash offer unless you pay for their risk to wait 25 days for their money.