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JldDolphin
Member since 1/07 6929 total posts
Name:
Jen
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When putting a bid down on a house....
can you put a binder down too so you don't lose the house?
One of my friends has lost 4 houses because the homeowner excepted their bid and then got a better one before they signed the contract.
Thanks!
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Posted 3/19/07 9:43 AM  |
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nixy
LIF Adult
Member since 9/06 1575 total posts
Name:
K
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Re: When putting a bid down on a house....
I don't think that you can do this in NY.
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| Posted 3/19/07 9:48 AM |
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ali120206
2 Boys
Member since 7/06 17792 total posts
Name:
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Re: When putting a bid down on a house....
Posted by nixy
I don't think that you can do this in NY.
I agree.
The seller has the right to accept a higher bid until the contract is signed. DH and I had some stress over this when we made an offer, especially since it was a FSBO and it took over 2 weeks to sign the contract!!!
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| Posted 3/19/07 9:54 AM |
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JldDolphin
Member since 1/07 6929 total posts
Name:
Jen
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Re: When putting a bid down on a house....
Posted by ali120206
Posted by nixy
I don't think that you can do this in NY.
I agree.
The seller has the right to accept a higher bid until the contract is signed. DH and I had some stress over this when we made an offer, especially since it was a FSBO and it took over 2 weeks to sign the contract!!!
It's crazy! I'll be  for awhile I guess. 
What is a FSBO?
Thanks!
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| Posted 3/19/07 9:57 AM |
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ali120206
2 Boys
Member since 7/06 17792 total posts
Name:
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Re: When putting a bid down on a house....
Posted by JldDolphin
It's crazy! I'll be for awhile I guess.
What is a FSBO?
Thanks!
It's stressful, I'm sure it will work out!
FSBO is for sale by owner. If you use a realtor, the process is usually quicker because they help push things along faster.
Good luck!
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| Posted 3/19/07 10:02 AM |
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JldDolphin
Member since 1/07 6929 total posts
Name:
Jen
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Re: When putting a bid down on a house....
Posted by ali120206
Posted by JldDolphin
It's crazy! I'll be for awhile I guess.
What is a FSBO?
Thanks!
It's stressful, I'm sure it will work out!
FSBO is for sale by owner. If you use a realtor, the process is usually quicker because they help push things along faster.
Good luck!
Thanks! We do have a realtor, so hopefully the process won't be too stressful, but I'm just preparing myself. Thanks again.
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| Posted 3/19/07 10:07 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: When putting a bid down on a house....
you can give the seller a good faith deposit, but it usually isn't done anymore.
a seller is not going to stop showing their house because you gave them $100 or whatever.
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| Posted 3/19/07 12:12 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: When putting a bid down on a house....
Legally the seller can accept/listen to any other offers until they are sitting at the closing table.
I know it stinks - but it's true. Most sellers are happy once the contracts are fully signed though!
The waiting period is the worst!
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| Posted 3/19/07 3:26 PM |
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burberrygirl
so happy!!
Member since 1/07 2091 total posts
Name:
Mommy
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Re: When putting a bid down on a house....
good luck
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| Posted 3/19/07 3:38 PM |
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JldDolphin
Member since 1/07 6929 total posts
Name:
Jen
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Re: When putting a bid down on a house....
Thanks Everyone! I was pretty sure that was the answer. 
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| Posted 3/19/07 4:45 PM |
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