Reply to If I had an a offer accepted without an inspection contingency

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Did your agent encourage you to submit without an inspection contingency? Why didnt you preinspect? [/quote]

Yes and to overbid.[/quote]

Was it a competitive situation?[/quote]

Don’t know. I initially offered ask with cash and the sellers agent laughed. [b]I bid enough to get before the open house[/b], but that’s bc I’ve been looking for a year and been outbid 5+ times.[/quote]
So since you have been looking for a year - and you have been outbid multiple times - you have a sense of what you want and what the process is.
You will never know if there may have been other offers but you liked the place enough to offer enough so that they cancelled the open house.
Part of what you are not putting into your "cost" is what is the cost of continuing to look?  
We over paid by about $15K - and it was worth it as that was what we valued not having to look anymore.
Not spending the time or the emotions of waiting to find out that our bid was accepted (or not).

So maybe you are overpaying for the asset- but not the complete aspect of your life and you can not fully decouple this.[/quote]

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