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Real Estate
Reply to "Making an offer before the open house "
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[quote=Anonymous][quote=Anonymous]Is this done? What's the downside? We have lost out on multiple competitive bids; I'm sick and tired of this game. Open house is this wknd. Can't we just offer above the list and set an expiration before the open house? Or is that just dumb and any seller would go through with the open house. [/quote] Not dumb - a good strategy. Offer the list with normal contingencies (inspections, financing); make the best earnest money offer you can; give an expiration before the open house. I don't see a downside. If they are doing what our sellers did - which was list low to get competing offers the sellers will be pissed but stuck. If they turn down your second price offer with an expiration date, i would then make a second offer for a lower price without the clause making sure that your agent communicates that the difference reflects the value of the rapid response. Include an esclation clause if this is the house that you really want. [/quote]
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