Sold Pre-Market WTF

[Anonymous]

Anonymous wrote:

Anonymous wrote:what about this looks even better

https://www.redfin.com/VA/Arlington/2449-N-Lexington-St-22207/home/11228204

As long as you don’t mind being behind a 7-11

Someone doesnt mind

Pending

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I actually think some of these pre market sales run afoul of fair housing rules. I know some sellers do it to control who they sell their homes to.

Off market or ore market sales are done to get a high price for the seller with the minimal prep work, and to get the buyers a lock without a bidding war.

Seems like sellers would be leaving a lot on the table by not letting market weigh on.

There is a chance, but if you know the market well and you get your target amount then it saves a bunch of hassle.

+1

Maybe. However, we put our house on the market last Friday, went out of town for the long weekend (school was out) and returned today to 5 offers. We picked the highest one , no contingencies and 30% cash down.

Not a hassle at all.

BTDT.

And more recently we got exactly what we wanted without having to stage our house or go away for the weekend. Educated buyers are ready to jump on great houses without the hassle of MLS.

I also had multiple pre market offers....for less than what I sold on MLS. My agent knew my sale price would be run up and advised against pre market offers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:what about this looks even better

https://www.redfin.com/VA/Arlington/2449-N-Lexington-St-22207/home/11228204

It's a pretty house, but it's right next to some sketchy commercial real estate that fronts to Lee highway.

It's actually right behind the new 7-11. When the house came on the market the first time in 2017, it was behind a run-down and soon-to-be-abandoned auto body shop that's now been torn down and completely rebuilt (whether you want to live next door to a 7-11 is a different story).

Living next to a 7-11 is less than ideal. Living BEHIND the 7-11 (dumpster, delivery trucks) sounds awful.

So this was a new build in bought in 2017, why are they selling for essentially a loss just over a year later?

What? Living by a 7-11 has been absolutely ideal for us. What’s the issue?

[Anonymous]

my inlaws sold pre market.

my MIL told the agent, that she'd love not to have to stage her house for a sale.

Agent brought her a no conticgencies cash offer. with a 15 day closing.

might have gotten a few grand more but no open houses, no showings, not having to stage...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:what about this looks even better

https://www.redfin.com/VA/Arlington/2449-N-Lexington-St-22207/home/11228204

It's a pretty house, but it's right next to some sketchy commercial real estate that fronts to Lee highway.

It's actually right behind the new 7-11. When the house came on the market the first time in 2017, it was behind a run-down and soon-to-be-abandoned auto body shop that's now been torn down and completely rebuilt (whether you want to live next door to a 7-11 is a different story).

Living next to a 7-11 is less than ideal. Living BEHIND the 7-11 (dumpster, delivery trucks) sounds awful.

So this was a new build in bought in 2017, why are they selling for essentially a loss just over a year later?

What? Living by a 7-11 has been absolutely ideal for us. What’s the issue?

Horribly tacky and ugly

Also delivery trucks and gross poor people

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I actually think some of these pre market sales run afoul of fair housing rules. I know some sellers do it to control who they sell their homes to.

Off market or ore market sales are done to get a high price for the seller with the minimal prep work, and to get the buyers a lock without a bidding war.

Seems like sellers would be leaving a lot on the table by not letting market weigh on.

There is a chance, but if you know the market well and you get your target amount then it saves a bunch of hassle.

+1

Maybe. However, we put our house on the market last Friday, went out of town for the long weekend (school was out) and returned today to 5 offers. We picked the highest one , no contingencies and 30% cash down.

Not a hassle at all.

BTDT.

And more recently we got exactly what we wanted without having to stage our house or go away for the weekend. Educated buyers are ready to jump on great houses without the hassle of MLS.

I also had multiple pre market offers....for less than what I sold on MLS. My agent knew my sale price would be run up and advised against pre market offers.

That’s great it worked out for you. We would have listed too if we didn’t get a great pre-market offer. But we did and it was nice to not deal with the hassle of staging, viewings, etc. We split the realtor fee savings with the buyer so they were happy too. The buyer knew exactly what they wanted and made a great offer accordingly. They knew the market well and were ready to act. Overall much easier than our “all offers due on Monday” sale.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I actually think some of these pre market sales run afoul of fair housing rules. I know some sellers do it to control who they sell their homes to.

Off market or ore market sales are done to get a high price for the seller with the minimal prep work, and to get the buyers a lock without a bidding war.

Seems like sellers would be leaving a lot on the table by not letting market weigh on.

There is a chance, but if you know the market well and you get your target amount then it saves a bunch of hassle.

+1

Maybe. However, we put our house on the market last Friday, went out of town for the long weekend (school was out) and returned today to 5 offers. We picked the highest one , no contingencies and 30% cash down.

Not a hassle at all.

BTDT.

And more recently we got exactly what we wanted without having to stage our house or go away for the weekend. Educated buyers are ready to jump on great houses without the hassle of MLS.

I also had multiple pre market offers....for less than what I sold on MLS. My agent knew my sale price would be run up and advised against pre market offers.

That’s great it worked out for you. We would have listed too if we didn’t get a great pre-market offer. But we did and it was nice to not deal with the hassle of staging, viewings, etc. We split the realtor fee savings with the buyer so they were happy too. The buyer knew exactly what they wanted and made a great offer accordingly. They knew the market well and were ready to act. Overall much easier than our “all offers due on Monday” sale.

I considered a pre-market offer, before I contracted a realtor. Given that I would have saved about $40K or so in realtor fees, I seriously considered it, but in the end decided that the free market was probably smarter than I was.

Put it on the market, got 10 offers, ended up selling for $140K more than my pre-market price.

[Anonymous]

Anonymous wrote:my inlaws sold pre market.

my MIL told the agent, that she'd love not to have to stage her house for a sale.

Agent brought her a no conticgencies cash offer. with a 15 day closing.

might have gotten a few grand more but no open houses, no showings, not having to stage...

The above definitely has value. It was very stressful getting our home ready for market, but we had to have top dollar and our home would not have shown well otherwise. I totally see the value in what your in laws did.

[Anonymous]

AAARRGGHHH!!

Another pre-market we would have been very interested in.

How do you find these deals? Our realtor is such a dud!!!

https://www.redfin.com/VA/Arlington/2731-N-Nelson-St-22207/home/11230977?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

[Anonymous]

Anonymous wrote:AAARRGGHHH!!

Another pre-market we would have been very interested in.

How do you find these deals? Our realtor is such a dud!!!

https://www.redfin.com/VA/Arlington/2731-N-Nelson-St-22207/home/11230977?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Okay, probably too expensive but OMG so nice and only $50k over our nosebleed budget. It’s the principle

[Anonymous]

Anonymous wrote:AAARRGGHHH!!

Another pre-market we would have been very interested in.

How do you find these deals? Our realtor is such a dud!!!

https://www.redfin.com/VA/Arlington/2731-N-Nelson-St-22207/home/11230977?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Call this seller's realtor and tell her that you are looking for something similar. You could offer a finder's fee or something.

[Anonymous]

Houses sell unbelievably fast in Arlington, OP. Arlington has been one of the (the hottest?) hottest areas for as long as I can remember. The people are great there. Get yourself a realtor that grew up in Arlington, has been selling houses there for a long time, and is well connected. Don't just settle for someone's buddy, because that never works. South Arlington is selling before market now too, so that tells you something.

[Anonymous]

If a house goes on the market and then off again almost immediately (but isn't sold), can you make an offer? We were preparing to. I thought maybe you could but my agent is just sending me other listings.

[Anonymous]

Anonymous wrote:If a house goes on the market and then off again almost immediately (but isn't sold), can you make an offer? We were preparing to. I thought maybe you could but my agent is just sending me other listings.

You can always make a back up offer even if another offer has been accepted. There is a slight chance the first contract will fall apart, but you never know. You can withdraw your backup offer if a better house comes on the market.

[Anonymous]

Anonymous wrote:AAARRGGHHH!!

Another pre-market we would have been very interested in.

How do you find these deals? Our realtor is such a dud!!!

https://www.redfin.com/VA/Arlington/2731-N-Nelson-St-22207/home/11230977?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

This house was widely advertised as a private exclusive. Your agent should have known about it.