Reply to My house isnt selling and I am an idiot

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[quote=Anonymous][quote=Anonymous]Yikes. OP you made some brash decisions but it also sounds like you either aren’t getting good advice from your realtor or are not listening. Why didn’t you do a contingent offer? Particularly in a cooling market they likely would have taken it. You also should not have put a cent  into the new home yet. 
Did you counter your first offer in your home? If not that was a huge mistake. Your first offer is almost always your best. 
At this point your listing is stale and you’ll have to drop it to move it. If you rent it, how short will you be each month for the new loan? And I guess you’d have to refinance and get rid of the bridge loan. Alternatively, what about renting the new house for a few years?[/quote]

Don’t beat them up too much. People who offer below list 2 days after listing are looking for a steal. We had an offer like that and we countered as recommended amount by realtor and they ghosted us. I’m guessing they were going to get inspection and try to squeeze another 10% off the price with contingencies after burning our listing stale.

We got lucky because Zillow was buying houses then and paid us list, though with a fee it was about the same as the low ball, but with a lightning fast and smooth close.

OP doesn’t have that option, but I would not depend on rental market to bail you out, that is cooling too as job market deteriorates. [/quote]

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