Insane offer deadlines in the suburbs

[Anonymous]

Is this typical for any updated SFH in the suburbs under $1 mil? Just found a place that looks great but the offer deadline is Monday afternoon (4 days after listing). I know it’s a seller’s market but didn’t think it was that crazy.

[Anonymous]

I just lost out on a house that offer was accepted within 24 hours after first and only day of showing.

[Anonymous]

Anonymous wrote:I just lost out on a house that offer was accepted within 24 hours after first and only day of showing.

And the house wasn't updated.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I just lost out on a house that offer was accepted within 24 hours after first and only day of showing.

And the house wasn't updated.

Ugh, sorry PP. That sucks.

[Anonymous]

It's that crazy. There are so so so few houses on the market.
Good luck.

[Anonymous]

My TH in GBurg went on the market on a TH with offers due by Tuesday. Got cash offer over ask on Thursday night. I took it.

[Anonymous]

I watch Redfin and and am amazed at how many houses are selling above list. Especially ones that aren't updated, sub par lots, etc.

[Anonymous]

Anonymous wrote:My TH in GBurg went on the market on a TH with offers due by Tuesday. Got cash offer over ask on Thursday night. I took it.

I'm the PP who lost out within 24 hours. Realtor said offer was significantly over ask.

[Anonymous]

Anonymous wrote:I watch Redfin and and am amazed at how many houses are selling above list. Especially ones that aren't updated, sub par lots, etc.

I think many are hoping to lock in the historically low interest rate. I've seen people offer cash, but then once everything is lined up, get a mortgage.

[Anonymous]

That’s normal, and has been for years.

[Anonymous]

Yes this is very common and has been for awhile at least in the close in suburbs. Same thing when we were buying 4 years ago. Houses would go a day after list sometimes, but more typically would list on a Thursday and offers were due Monday or Tuesday after the open house. Offers then reviewed Tuesday and contracts signed. All the houses we bid on were like that.

[Anonymous]

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!!

[Anonymous]

In NJ, CT and NY you usually make offer at open house even in a bad market. Of course verbal in those states and if agreed then go to contract. So easier to throw out.

But four days is not that wild. Remember seller can reject them all is not an auction selling without reserve.


It is a realtor scam

[Anonymous]

Normal is a seller’s market.

[Anonymous]

Very normal and not a new thing. Houses are usually listed on Tuesday or Thursday. Review them, go see the ones you want to go see, do a pre-inspection on Sunday or Monday morning and then the offers bid against each other and you find out later that night or the next day. Then if you lose you do it again the next week, and the next, and the next lol oh no it's awful.