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Xelindrya
Mommy's little YouTube Star!
Member since 8/05 14470 total posts
Name:
Veronica
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What offer do I make?? Update: didn't bid high enough i guess
Seriously stressing now. Seems this house is too good. its been on the market exactly 7 days and now someone else is making an offer. I'm trying to get mine in first. Don't know why... anyway.
its listed at 149,500. I'm thinking $147? Or should I just offer the asking?
I really really love this house
AAAAAAAAAAAAAAAAAAAAAH
UPDATE:
I bid $150k with $1500 earnest money and $100 for an option period extension so if I wanted to back out Id have 10days (something my realtor suggests)
I dont know what the bid was that I lost to, but they offered $2500 non-refundable cash up front. If the buyer backs out the seller gets to keep the cash. Closing date is ASAP where I wanted a bit of time
Im confused they offered to pay for one month of my rent and have asked me to sign on as a back up contract. 
Message edited 3/2/2010 11:40:24 PM.
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Posted 2/25/10 3:33 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Mimms
love my boys
Member since 4/08 2365 total posts
Name:
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Re: What offer do I make??
I wouldn't start out at asking but that's just me. You should offer what you feel the house is worth. If the house seems solid there could be competition so I would try to be aggresive.
If you have good terms... flexibile closing date, a good amount down, good credit, etc.. your agent can work that into your offer so the seller's can see you're a good buyer.
Good Luck!!!
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| Posted 2/25/10 3:41 PM |
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Xelindrya
Mommy's little YouTube Star!
Member since 8/05 14470 total posts
Name:
Veronica
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Re: What offer do I make??
What's the difference from being 'on contract' and making an offer?
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| Posted 2/25/10 3:46 PM |
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Mimms
love my boys
Member since 4/08 2365 total posts
Name:
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Re: What offer do I make??
Posted by Xelindrya
What's the difference from being 'on contract' and making an offer?
The contract part comes after the seller's accept your offer. Once you're in contract there is no turning back! 
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| Posted 2/25/10 3:57 PM |
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KimberlyScott
Graceyn=My World <3
Member since 10/08 4173 total posts
Name:
Kimberly
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Re: What offer do I make??
If someone else is moving in and you really love the house give them what they are asking! Good Luck! Hoping is works out in your favor!!
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| Posted 2/25/10 4:10 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: What offer do I make??
If you love the house offer asking
You don't want to lose the house over $2k - that's nothing on a mortgage payment
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| Posted 2/25/10 5:02 PM |
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Xelindrya
Mommy's little YouTube Star!
Member since 8/05 14470 total posts
Name:
Veronica
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Re: What offer do I make??
Posted by Beth
If you love the house offer asking
You don't want to lose the house over $2k - that's nothing on a mortgage payment
Youre right! Gonna ask the realtor his opinion but Im going in with my head around $150k
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| Posted 2/25/10 5:25 PM |
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Re: What offer do I make??
Posted by Beth
If you love the house offer asking
You don't want to lose the house over $2k - that's nothing on a mortgage payment
i agree! 2k over the term of your mortgage is NOTHING! good luck!
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| Posted 2/25/10 5:36 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: What offer do I make??
Posted by Beth
If you love the house offer asking
You don't want to lose the house over $2k - that's nothing on a mortgage payment
Totally agree...if you love it and want it offer ask. How is the market there? Are there bidding wars going on?
Pull the trigger and mean it.
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| Posted 2/25/10 5:49 PM |
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julz33
i run for bacon
Member since 5/05 20584 total posts
Name:
julz
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Re: What offer do I make??
Posted by Slightly-Taller
Posted by Beth
If you love the house offer asking
You don't want to lose the house over $2k - that's nothing on a mortgage payment
i agree! 2k over the term of your mortgage is NOTHING! good luck!
I agree!
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| Posted 2/25/10 5:51 PM |
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jteach
2 and through
Member since 9/07 3939 total posts
Name:
Jess
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Re: What offer do I make??
My house was on the market for about a week also. There were 5 other offers when we saw it so we offered $10 over asking price and we got it. We know it was priced to sell and felt comfortable with the price. Good luck
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| Posted 2/25/10 6:01 PM |
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mavaesq
LIF Infant
Member since 6/09 126 total posts
Name:
Valerie
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Re: What offer do I make??
Offer what you are comfortable with. If you think the asking price is reasonable - go with it! :)
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| Posted 2/26/10 9:25 AM |
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Xelindrya
Mommy's little YouTube Star!
Member since 8/05 14470 total posts
Name:
Veronica
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Re: What offer do I make?? Update: didn't bid high enough i guess
I bid $150k with $1500 earnest money and $100 for an option period extension so if I wanted to back out Id have 10days (something my realtor suggests)
I dont know what the bid was that I lost to, but they offered $2500 non-refundable cash up front. If the buyer backs out the seller gets to keep the cash. Closing date is ASAP where I wanted a bit of time
Im confused they offered to pay for one month of my rent and have asked me to sign on as a back up contract.
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| Posted 3/2/10 11:40 PM |
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Xelindrya
Mommy's little YouTube Star!
Member since 8/05 14470 total posts
Name:
Veronica
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Re: What offer do I make?? Update: didn't bid high enough i guess
Oh a side note...
I know find out 15 homes in this small community were up for sale over the past 2months. 80% sold within 15days! 
Went back to look at one of the remaining ones today. And yes, I already put in a bid.
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| Posted 3/2/10 11:41 PM |
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