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jteach
2 and through
Member since 9/07 3939 total posts
Name:
Jess
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any advice or words of wisdom to help me not have a nervous breakdown.
So this was the first weekend that dh and I went to look at houses (we have researched online for weeks and picked our top ones to go see in person)
Our 3rd house that we saw might be OUR house. It was an open house. Has been on market since January and listing expires first week of July. Couple is getting divorced and they need to sell, they are already losing over $100,000.
The real estate agent said that there was a strong offer on the table already but they wanted to do one more open house.
We went back and looked at it a second time and we really want it.
My dh is a real estate agent and mortgage broker and he said that agents lie often about having other offers.
My dh thinks we have a shot since he is the agent and the buyer and the one doing the mortgage and we are putting 20% down.
I am so scared that this is going to slip through our fingers and I do not know how to play it cool and not get emotioanlly involved in the house.
Anyone have any words of wisdom or advice from someone who has gone through anything like this.
I WANT THIS HOUSE SO BAD lol
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Posted 5/25/09 5:49 PM  |
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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
what's the asking price? and where would you want to bid? 20,000? under, 40,000? under?
if your offer is reasonable, then they should counter even if there is another offer on the table...
good luck!
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| Posted 5/25/09 5:58 PM |
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jteach
2 and through
Member since 9/07 3939 total posts
Name:
Jess
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
Posted by rkoenke
what's the asking price? and where would you want to bid? 20,000? under, 40,000? under?
if your offer is reasonable, then they should counter even if there is another offer on the table...
good luck!
The asking price was $349,500 and I think dh wants to start at $330,000. I hope they decide to go with us since we can get the ball moving much quicker than anyone else and since we are putting 20% down.
I guess its just the waiting game now
Thanks
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| Posted 5/25/09 6:22 PM |
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mcd01
Life is good : )
Member since 3/09 1932 total posts
Name:
Melissa
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
 I hope it works out 
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| Posted 5/25/09 8:31 PM |
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carlowlou
loving my babies!
Member since 4/08 4594 total posts
Name:
Jen
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
good luck!!!! 
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| Posted 5/25/09 8:33 PM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
Posted by olliesmama
Posted by rkoenke
what's the asking price? and where would you want to bid? 20,000? under, 40,000? under?
if your offer is reasonable, then they should counter even if there is another offer on the table...
good luck!
The asking price was $349,500 and I think dh wants to start at $330,000. I hope they decide to go with us since we can get the ball moving much quicker than anyone else and since we are putting 20% down.
I guess its just the waiting game now
Thanks
I thought we were in good shape with 20% down, only to lose 2 houses to full cash offers! You just never know who you are competing with. GL!
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| Posted 5/25/09 8:50 PM |
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jgl
Love my little boys!!!
Member since 8/07 7060 total posts
Name:
g
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
def do not believe them when they say they have offers. they may, but may not. i would work it as if you are thinkig you are the only one interested. if you let them know that you are strong buyers(have the $ available for downpayment, have your loan approved ect..) they may truly consider you over someone else. Also, they are getting divroced and seem to be ready to get out. I would stay cool. Its real estate and it can be unpredictable even if everything seems to go smooth.
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| Posted 5/25/09 9:06 PM |
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chrisnjoe8108
He's 1!
Member since 8/08 5649 total posts
Name:
Chris
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
Posted by jgl
def do not believe them when they say they have offers. they may, but may not. i would work it as if you are thinkig you are the only one interested. if you let them know that you are strong buyers(have the $ available for downpayment, have your loan approved ect..) they may truly consider you over someone else. Also, they are getting divroced and seem to be ready to get out. I would stay cool. Its real estate and it can be unpredictable even if everything seems to go smooth.
I totally agree with Gina. I could have written this myself. Good Luck Jess
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| Posted 5/26/09 6:23 AM |
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MrsFlatbread
Skinny jeans are in my future
Member since 6/06 10258 total posts
Name:
Baby Momma
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
My advice...if it's meant to be...it will be yours! GL!
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| Posted 5/26/09 6:35 AM |
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jennarose023
Jack's gonna be a big brother!
Member since 11/08 7769 total posts
Name:
Jenna
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
Good Luck!!!
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| Posted 5/26/09 6:43 AM |
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imyself
Member since 10/06 2938 total posts
Name:
me
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
We were told there were other offers on our house too but it was a lie. Lies lies lies. I agree with dh. We went in 10% below asking and went from there. She kept turning us down and we said fine we will keep looking. Suddenly we were the top offer and they were willing to work.
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| Posted 5/26/09 9:09 AM |
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MrsFab
this is bliss.......
Member since 10/08 1234 total posts
Name:
Mb
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
its so hard to tell, they may have an offer, they may not
but the thing that you have going for you is that you can close quickly- when your dh makes the offer to the sellers- he should mention that the $$, the fact that you are preapproved and can be ready to close within 30 days if necessary
when we bought our place- we were $6000 less than the best offer BUT they needed 90 days to close and we were ready to close within 30- so its a definate advantage
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| Posted 5/26/09 9:19 AM |
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Sparkyandang
LIF Adolescent
Member since 5/08 766 total posts
Name:
Ang
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
Posted by nov04libride
Posted by olliesmama
Posted by rkoenke
what's the asking price? and where would you want to bid? 20,000? under, 40,000? under?
if your offer is reasonable, then they should counter even if there is another offer on the table...
good luck!
The asking price was $349,500 and I think dh wants to start at $330,000. I hope they decide to go with us since we can get the ball moving much quicker than anyone else and since we are putting 20% down.
I guess its just the waiting game now
Thanks
I thought we were in good shape with 20% down, only to lose 2 houses to full cash offers! You just never know who you are competing with. GL!
same for me!
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| Posted 5/26/09 9:55 AM |
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1stimemom
Love my boys
Member since 2/08 8766 total posts
Name:
Mrs Dee
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Re: any advice or words of wisdom to help me not have a nervous breakdown.
Posted by MrsFlatbread
My advice...if it's meant to be...it will be yours! GL!
I agree! Good luck!
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| Posted 5/26/09 10:04 AM |
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