Insane offer deadlines in the suburbs

[Anonymous]

Anonymous wrote:Maybe it’s just me, but I think there is a big difference between offers due Monday and offers due Tuesday. Because I would never make an offer (assuming you’re waiving the inspection contingency) without a preinspection, and Tuesday gives you a lot more of an opportunity to do that.

A Monday due date to me signals that they don’t want you to do that, which to me equals major issues.

I agree with this. Monday deadline doesn’t make a lot of sense.

[Anonymous]

Anonymous wrote:We live in a small townhouse community in a great commuting area. Most of the homes in our neighborhood have gone under contract without even being on the market. We get letters from realtors in the mail every week. We would sell but for the fact that it's so hard to BUY!!

We get cold calls even from realtors. It’s wild!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Maybe it’s just me, but I think there is a big difference between offers due Monday and offers due Tuesday. Because I would never make an offer (assuming you’re waiving the inspection contingency) without a preinspection, and Tuesday gives you a lot more of an opportunity to do that.

A Monday due date to me signals that they don’t want you to do that, which to me equals major issues.

I agree with this. Monday deadline doesn’t make a lot of sense.

Why can't you get the preinspection done by Monday afternoon?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Maybe it’s just me, but I think there is a big difference between offers due Monday and offers due Tuesday. Because I would never make an offer (assuming you’re waiving the inspection contingency) without a preinspection, and Tuesday gives you a lot more of an opportunity to do that.

A Monday due date to me signals that they don’t want you to do that, which to me equals major issues.

I agree with this. Monday deadline doesn’t make a lot of sense.

Why can't you get the preinspection done by Monday afternoon?

A good pre-inspection takes 2-3 hours, depending on the size of house. You’ll want your inspector to give you a rough estimate of costs to fix items so you can determine whether or not to waive the inspection contingency and to inform your escalation number. Good chance there will be 3-6 other people doing pre-inspection. So yeah, it’s really hard to get it done by Monday afternoon AND have your offer written up & submitted. Can you just imagine 5 inspectors + their buyers trying to inspect the house simultaneously? It’s impossible.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Totally normal. Move along.

But but but is it walkable?

I need to walk to Starbucks, the local bars, and strip clubs.

I am very content in the suburbs, but do not mind the folks who prioritize walkability. I imagine walkable suburbs, for the most part, are generally more popular than completely car-dependent ones.

[Anonymous]

https://www.redfin.com/MD/Rockville/9105-Rouen-Ln-20854/home/10891311

This is a nice home in Potomac but a short deadline to get offers in on Super Bowl Sunday in snow

[Anonymous]

Huge bubble. I wouldn't buy anything for the next two years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Maybe it’s just me, but I think there is a big difference between offers due Monday and offers due Tuesday. Because I would never make an offer (assuming you’re waiving the inspection contingency) without a preinspection, and Tuesday gives you a lot more of an opportunity to do that.

A Monday due date to me signals that they don’t want you to do that, which to me equals major issues.

I agree with this. Monday deadline doesn’t make a lot of sense.

Why can't you get the preinspection done by Monday afternoon?

A good pre-inspection takes 2-3 hours, depending on the size of house. You’ll want your inspector to give you a rough estimate of costs to fix items so you can determine whether or not to waive the inspection contingency and to inform your escalation number. Good chance there will be 3-6 other people doing pre-inspection. So yeah, it’s really hard to get it done by Monday afternoon AND have your offer written up & submitted. Can you just imagine 5 inspectors + their buyers trying to inspect the house simultaneously? It’s impossible.

No one is going to block off two to three hours for an inspection, and that amount of time is not needed if your are accompanying the inspector and taking notes. Because of Covid agents aren't allowing five simultaneous inspections -- maybe two at most. I ask people to schedule the inspections from 7 am to 1 pm so it doesn't interfere with showings. None of this is difficult if you want the house and can get things done properly.