(Closed) We put in our very first offer on a house..

posted 5 years ago in Home
Post # 3
Member
10573 posts
Sugar Beekeeper
  • Wedding: January 2011

I’m sure you’ll find another one you like!  Good luck with the hunt!

Post # 4
Member
24 posts
Newbee
  • Wedding: November 2013

It is such a bittersweet time, looking for your first home. There are bound to be disappointments along the way, this I can tell you from experience. Just keep your head up, keep your spirit high and you will find your dream home. Best of luck, and best wishes to you. ๐Ÿ™‚

Post # 5
Member
7651 posts
Bumble Beekeeper
  • Wedding: July 2012

We are putting in our first offer for a house tonight. We are starting pretty low so that way if our first offer for it gets rejected with have some room to offer them more and bargain a little bit.

Post # 6
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

Most people dont get their first place, I know we sure didn’t!

The market here is insane – lots of all-cash buyers pushing financed buyers out, lots of bidding wars driving prices up. The idea of offering under asking doesn’t exist here. It’s bid the highest you can, and wait.

Post # 8
Member
1096 posts
Bumble bee
  • Wedding: June 2011

@Brickette:  they weren’t willing to negotiate at all?

Post # 10
Member
1032 posts
Bumble bee

If it makes you feel any better, my Boyfriend or Best Friend and I were in the process of buying a house, and our offer was accepted, BUT…

2 WEEKS before we were supposed to close the deal, and get the keys, the seller backed out, because he wanted more $$$ for the house. (The bank appraised it at $180K, and that’s all we were willing to pay for it… and that greedy motherf*cker wanted $225K!!)

Needless to say, we were absolutely devastated. 

But it all worked out in the end. My Boyfriend or Best Friend actually got laid off from his job a couple of months after, so had we had a house, we would’ve lost it anyway. 

And we live in Cali, which I hate. It’s normal, and expected, to go WELL OVER asking price. No one gets a house at, or below, asking price out here. Which is why we’re moving back east next year ๐Ÿ™‚

Post # 11
Member
1096 posts
Bumble bee
  • Wedding: June 2011

@Brickette:  at least you’re being smart about it. Has it been on the market long? They may come back and re-evaluate your offer if they don’t get the bites they’re expecting. It’s not like it’s really a sellers market right now. You’ll probably have found something better by then though. If you compared the house I originally fell in love with to the house we ended up buying your laugh, there’s no comparison.

Post # 12
Member
8472 posts
Bumble Beekeeper
  • Wedding: July 2012

My husband and I are about to go through this as well. We just started looking last weekend. So when they reject your offer, are you basically screwed unless you go higher?

Post # 13
Member
5423 posts
Bee Keeper
  • Wedding: November 2012

We had our offer rejected too.  Whatever is meant to be will find a way, its the only way to be positive about the house process.

Post # 15
Member
8472 posts
Bumble Beekeeper
  • Wedding: July 2012

@Brickette:  Oh, I see. Thanks! You too! 

Post # 16
Member
1096 posts
Bumble bee
  • Wedding: June 2011

@Brickette:  4 weeks isn’t eternity but it’s actually still a fairly long time hot a home to be on the market depending where you live. It’s about the time that people realize their house could be on the market for 6 months or more. Good luck to you! 

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