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Real Estate
Reply to "We've seen 20 houses, offered and outbid on 2, we are still looking"
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[quote=Anonymous]You are asking for too much and offering too little. We looked at ~12-15 bid on two and got the second. We didn’t waive all contingencies but lost by $20k anyway (we had reached our budget/max) on the first. Second we ended up waiving all contingencies and went $100k over asking. We have cash for fixing major issues found on inspection because we aren’t at the very very top of our budget. Lower your target price point so you’ve got more room to go up. So if your max is $1m look in the $800-900 range. Have your financing solid so you can waive appraisal (or have generous gap coverage). Consider a pre inspection. Offer free rent back. Hold cash back for expensive repairs and recast your mortgage if it’s not needed.[/quote]
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