Anonymous wrote:Ok, I’ll bite. If I’m offering 30 to 50% down w bank approval etc., earnest money of 50k to 100k, pre-inspection with inspection contingency waived, perhaps escalation clause, how/why is all cash really better? Clearly I’m serious and going to close. You’re going to get your money.

Anonymous wrote:Ok, I’ll bite. If I’m offering 30 to 50% down w bank approval etc., earnest money of 50k to 100k, pre-inspection with inspection contingency waived, perhaps escalation clause, how/why is all cash really better? Clearly I’m serious and going to close. You’re going to get your money.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Within the past 5 months... we bid slightly under ask on a McLean house that is over $1M, there were three other offers. Agent said for each to bring their best offer. We raised our offer to full ask price (with 20% down), BUT STILL had both a home inspection and financing contingency and we got the house. So this seller has ALL the leverage hype isn't the RULE all the time - even in sought after areas of McLean.

Eh you bought during the winter market.

Contract ratified yesterday, house was overpriced and then when they dropped it a bit we swooped in at asking price. WITH inspection contingency and right to cancel.

In April.

In a W district.

For under $1m.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Within the past 5 months... we bid slightly under ask on a McLean house that is over $1M, there were three other offers. Agent said for each to bring their best offer. We raised our offer to full ask price (with 20% down), BUT STILL had both a home inspection and financing contingency and we got the house. So this seller has ALL the leverage hype isn't the RULE all the time - even in sought after areas of McLean.

Eh you bought during the winter market.

Contract ratified yesterday, house was overpriced and then when they dropped it a bit we swooped in at asking price. WITH inspection contingency and right to cancel.

In April.

In a W district.

For under $1m.

Blessed be the sellers who overprice. They are the best hope for buyers, particularly those with sale or settlement of home contingencies

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Within the past 5 months... we bid slightly under ask on a McLean house that is over $1M, there were three other offers. Agent said for each to bring their best offer. We raised our offer to full ask price (with 20% down), BUT STILL had both a home inspection and financing contingency and we got the house. So this seller has ALL the leverage hype isn't the RULE all the time - even in sought after areas of McLean.

Eh you bought during the winter market.

Contract ratified yesterday, house was overpriced and then when they dropped it a bit we swooped in at asking price. WITH inspection contingency and right to cancel.

In April.

In a W district.

For under $1m.

Anonymous wrote:

Anonymous wrote:1) if a cash offer is on the table I will take it over yours unless you drop all contingencies

2) bid higher than sale price

3) drop all contingencies

What an effing waste of time it was opening your lame ass thread

Anonymous wrote:1) if a cash offer is on the table I will take it over yours unless you drop all contingencies

2) bid higher than sale price

3) drop all contingencies

Anonymous wrote:

Anonymous wrote:Within the past 5 months... we bid slightly under ask on a McLean house that is over $1M, there were three other offers. Agent said for each to bring their best offer. We raised our offer to full ask price (with 20% down), BUT STILL had both a home inspection and financing contingency and we got the house. So this seller has ALL the leverage hype isn't the RULE all the time - even in sought after areas of McLean.

Eh you bought during the winter market.

Anonymous wrote:Those letters should be banned or at least not opened. A system that allows “good” discrimination is not a good system.

Anonymous wrote:

Anonymous wrote:1) if a cash offer is on the table I will take it over yours unless you drop all contingencies

2) bid higher than sale price

3) drop all contingencies

Get back to us when you actually close.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
As a seller, I want to like my buyers, so if a bidder annoys me, they can increase their bid all they want, I won't sell to them. Since I have a nice little lot near downtown Bethesda, I'm sure I'll find someone I like.

this is so f-d up, you should not know anything about the buyers except their terms.


In normal , I would be totally fine with normal contingencies. I don't consider these normal times. If you need contingencies, make them as short as possible.

Enh, I'm pretty confident we got our house over other offers because I was massively pregnant and we wrote a very sweet letter about growing our family in their home. We bought from elderly original owners who were packing up to go live with an adult child, so they probably appreciated the sentimental stuff.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1) if a cash offer is on the table I will take it over yours unless you drop all contingencies

2) bid higher than sale price

3) drop all contingencies

Get back to us when you actually close.

They close every single time. Just not with you.

Sorry toots - I’ve already closed and did none of the things here. But good luck with your closing!

Yeah, you're also living in a shitbox in Rockville with your unsuccessful realtor wife.

Nope!

As I said yesterday on another thread, we had to go cash/no contingencies to get a sh!tbox in Rockville last year. And another time the year before.

I’m sorry you got screwed. But to pretend your way is right or normal is the epitome of why people hate the DC area.

This is not just happening in the DC area. It’s happening everywhere where people want to live, because of historically low inventory everywhere.

But where is your data for this (other than the low inventory piece)? All I have seen is anecdotes and people pointing to other threads on this anonymous site. Is there somewhere you are getting facts regarding contingencies on accepted offers?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1) if a cash offer is on the table I will take it over yours unless you drop all contingencies

2) bid higher than sale price

3) drop all contingencies

Get back to us when you actually close.

They close every single time. Just not with you.

Sorry toots - I’ve already closed and did none of the things here. But good luck with your closing!

Yeah, you're also living in a shitbox in Rockville with your unsuccessful realtor wife.

Nope!

As I said yesterday on another thread, we had to go cash/no contingencies to get a sh!tbox in Rockville last year. And another time the year before.

I’m sorry you got screwed. But to pretend your way is right or normal is the epitome of why people hate the DC area.

This is not just happening in the DC area. It’s happening everywhere where people want to live, because of historically low inventory everywhere.

Anonymous wrote:Within the past 5 months... we bid slightly under ask on a McLean house that is over $1M, there were three other offers. Agent said for each to bring their best offer. We raised our offer to full ask price (with 20% down), BUT STILL had both a home inspection and financing contingency and we got the house. So this seller has ALL the leverage hype isn't the RULE all the time - even in sought after areas of McLean.