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cat1977
LIF Infant
Member since 7/06 175 total posts
Name:
Catherine
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A house we bid on just dropped their price
we bid on a house we liked in oct but she wouldnt accept our final counterbid, now the house just dropped 16k below her original asking price, can we bid again and do we bid lower now since it dropped lower ...please advise, new at this
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Posted 12/8/06 6:11 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: A house we bid on just dropped their price
Was your orginal bid lower than the new asking price?
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| Posted 12/8/06 8:13 AM |
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PotofLuck06
Our Baby Boy Is Here!!!
Member since 11/06 13241 total posts
Name:
Betsy
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Re: A house we bid on just dropped their price
I would go in with a bid 7-10K below what your final asking price was last time and see if she picks it up. Maybe she thinks you've found another home and may not return. It's worth a shot - she could just say no, but in the positive light - she may jump at it!
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| Posted 12/8/06 8:13 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: A house we bid on just dropped their price
the same thing happened to us on a condo we bid on. asking was $349, we offered $330, he wouldn't even counter. he said he would only go down to 346.
that was in JANUARY and it's still for sale - for 324!  that gives me a great deal of pleasure! this guy was a real a-hole. so he got what he deserves.
If you really want it, I would offer 10-5% less. You never know! Good luck!
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| Posted 12/8/06 8:56 AM |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: A house we bid on just dropped their price
I would bid again. You can.
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| Posted 12/8/06 9:12 AM |
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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: A house we bid on just dropped their price
Bid again. get the comps and bid. There really isn't a formula.
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| Posted 12/8/06 10:39 AM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: A house we bid on just dropped their price
You should definitely make another offer if you are still interested in the house!
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| Posted 12/8/06 10:40 AM |
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cat1977
LIF Infant
Member since 7/06 175 total posts
Name:
Catherine
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Re: A house we bid on just dropped their price
my husband says he doesnt want to bid again that they have our last bid from last time, do they still consider those, even after they dropp the price?
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| Posted 12/8/06 12:30 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: A house we bid on just dropped their price
Posted by cat1977
my husband says he doesnt want to bid again that they have our last bid from last time, do they still consider those, even after they dropp the price?
no, I think once you say forget it, the offer is off the table...
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| Posted 12/8/06 12:34 PM |
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angnick
Life is So Wonderful!
Member since 8/06 6663 total posts
Name:
Angela
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Re: A house we bid on just dropped their price
DEFINITELY re bid.
we had that happen to us, but we decided not to re bid= we just decided the hosue wasnt for us.
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| Posted 12/8/06 2:12 PM |
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MsMBV
:P
Member since 5/05 28602 total posts
Name:
Me
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Re: A house we bid on just dropped their price
Posted by cat1977
my husband says he doesnt want to bid again that they have our last bid from last time, do they still consider those, even after they dropp the price?
No Bid again. Especially if it was from Oct. The worst that can happen is that they don't accept your bid.
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| Posted 12/8/06 4:57 PM |
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alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
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Re: A house we bid on just dropped their price
Posted by SweetTooth
Posted by cat1977
my husband says he doesnt want to bid again that they have our last bid from last time, do they still consider those, even after they dropp the price?
no, I think once you say forget it, the offer is off the table...
if the realtor was doing his job he/she should've called you to see if you were still interested in the house. if you were, he/she should ask if you would like to reinstate your offer.
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| Posted 12/9/06 11:45 AM |
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