Anonymous
Post 04/12/2013 11:30     Subject: Bid on a house and now one I like more just came on

Must be foreclosure sale. Real estate owned.
Anonymous
Post 04/12/2013 10:52     Subject: Bid on a house and now one I like more just came on

Are you waiting for a seller to accept your offer? If so, I thought you could back out before they accept. What does the bank have to do with it at this stage?
Anonymous
Post 04/12/2013 10:43     Subject: Bid on a house and now one I like more just came on

So, the bank accepted my offer, I then signed the paper, now just waiting for the bank to ratify, it's too late to back out now?
Anonymous
Post 04/12/2013 10:24     Subject: Bid on a house and now one I like more just came on

I'm with 8:39- withdraw the offer quickly, if you can, and have the papers drawn up to submit for the better house. (though i do hope that the first house's sellers have several offers so they're not too disappointed. that would bum me out to lose an offer.)
Anonymous
Post 04/12/2013 08:39     Subject: Bid on a house and now one I like more just came on

Withdraw the offer quickly.
Anonymous
Post 04/12/2013 08:37     Subject: Re:Bid on a house and now one I like more just came on

You can withdraw your offer anytime before it has been accepted.
Anonymous
Post 04/12/2013 08:32     Subject: Re:Bid on a house and now one I like more just came on

Anonymous wrote:make an offer on the other house right away. It is easy to back out in this market.


You will lose your deposit on the first one. Happened to my friend in Arlington.
Anonymous
Post 04/12/2013 08:00     Subject: Re:Bid on a house and now one I like more just came on

make an offer on the other house right away. It is easy to back out in this market.
Anonymous
Post 04/12/2013 07:57     Subject: Bid on a house and now one I like more just came on

This puts you in a good position to negotiate firmly on first place.
Anonymous
Post 04/12/2013 07:03     Subject: Bid on a house and now one I like more just came on

Make the offer on the second that you like better and even if the first accept your initial offer (unlikely) do not ratify the contract by signing it.
Anonymous
Post 04/12/2013 06:44     Subject: Bid on a house and now one I like more just came on

The one thing about a very hot market is that you have to think differently about each place. You learn to judge each place on its merits. "Can I/do I want to live here?" . If you do, you make an offer. If not, wait until next week. I remember doing that in 2004, and it was strangely liberating. Visit on Saturday, offers accepted by Tuesday, hear back on Wednesday. Repeat.
Anonymous
Post 04/12/2013 06:41     Subject: Bid on a house and now one I like more just came on

Anonymous wrote:OP - I wouldn't worry. either your first offer won't be accepted or the other house will be under contract by the end of today. you really have nothing to worry about....


So basically I'm screwed either way? Thanks.
Anonymous
Post 04/12/2013 06:35     Subject: Bid on a house and now one I like more just came on

OP - I wouldn't worry. either your first offer won't be accepted or the other house will be under contract by the end of today. you really have nothing to worry about....
Anonymous
Post 04/12/2013 06:10     Subject: Bid on a house and now one I like more just came on

I just sold my place and of the 9 (!!) offers I had to choose from, one had a contingency that they had to get out of another contract. We discarded that one immediately from consideration.

But, the market being the way it is, your offer may not end up being accepted -- which could be a good thing. If you are still seeing houses coming on that you like that much more, maybe you're making too many compromises. It's hard not to do so when it seems like houses are being snapped up left and right. But it's such a big investment, you want to try and something you can really live with. Good luck to you.
Anonymous
Post 04/12/2013 04:51     Subject: Bid on a house and now one I like more just came on

Ugh.

I put a 2 day expiration date on my offer so I guess I'll hear soon. Kind of hoping it falls through, but it could be too late for the other one.

This market is brutal.