WOOT! Just got an offer on my house! Update2: Things work out...so far

[Ornery]

happy dance happy dance happy dance

Pffft, no more so than your parasitic agent, who probably has all of 20 hours invested in the whole deal at this point.

 

[Queasy]

Originally posted by: Ornery
happy dance happy dance happy dance

Pffft, no more so than your parasitic agent, who probably has all of 20 hours invested in the whole deal at this point.

No agent. We did FSBO.

 

[QED]

Originally posted by: Queasy

Update 1: We agreed to a price of $167,500 for the house a while ago. This is in range for the neighborhood and actually a good deal for them considering they are getting the refrigerator, washer, and dryer along with the house. Well, now they just faxed over an offer for $165,000 that includes us paying ALL of the closing costs which we never said we would do in the first place.

Wait... I thought when you said you had an offer, that it would be a written one.

Really, there is no other kind.

If you had agreed to 167,500 verbally, and they are just now putting down a lower offer in writing, I would tell them to kindly to kiss off.

 

[Queasy]

Originally posted by: MathMan

Originally posted by: Queasy

Update 1: We agreed to a price of $167,500 for the house a while ago. This is in range for the neighborhood and actually a good deal for them considering they are getting the refrigerator, washer, and dryer along with the house. Well, now they just faxed over an offer for $165,000 that includes us paying ALL of the closing costs which we never said we would do in the first place.

Wait... I thought when you said you had an offer, that it would be a written one.

Really, there is no other kind.

If you had agreed to 167,500 verbally, and they are just now putting down a lower offer in writing, I would tell them to kindly to kiss off.

Well, I guess I should have been specific in that the offer was verbal. They offered $167,500 earlier today verbally and went to their lender/agent and just sent a letter for $165,00 with us paying all closing costs.

We just sent them a counter-offer with an increased price and our closing cost responsibility equaling the amount of the increase over the original offer.

God I hate these games.

 

[Maximus96]

well then, wait for more offers and pick the highest one...why get so worked up over one offer?

 

[JulesMaximus]

My wife is a realtor. I hear stories like this all the time. Idiot agents who don't know WTF they are doing and worse, those who don't but think they do are the most annoying though. She's dealing with one like that right now on a deal.

Oh, and nothing is "agreed upon" until you have it on paper signed by both parties and even then it can still fall apart. Verbal doesn't mean jack.

Good luck!

 

[Ornery]

No agent. We did FSBO.

That tickles me to death! :thumbsup:

 

[AlienCraft]

Originally posted by: Queasy
happy dance happy dance happy dance

Had a couple come look at our house today and they went ahead and put an offer down that was in the range we were wanting.

Now to get the loan all settled and get us out of the house ASAP!


Update 1: We agreed to a price of $167,500 for the house a while ago. This is in range for the neighborhood and actually a good deal for them considering they are getting the refrigerator, washer, and dryer along with the house. Well, now they just faxed over an offer for $165,000 that includes us paying ALL of the closing costs which we never said we would do in the first place.

Damn this is just lame. I can't believe people have to play friggin games like this. Why can't they be straight and honor the agreement they made with earlier today.

It is a good thing my wife used to be a real estate agent and is handling this. I'd fly off the handle with them after pulling a stunt like this. :disgust:

Just say "NO" to lowballing anklebiters.

 

[LukFilm]

Originally posted by: Queasy

Originally posted by: Ornery
happy dance happy dance happy dance

Pffft, no more so than your parasitic agent, who probably has all of 20 hours invested in the whole deal at this point.

No agent. We did FSBO.

So did I when I sold my house. I kicked ass and got more for it than I wanted 😀

 

[Sphexi]

Tell em the price just went up. You'll have other offers, these idiots will learn a lesson.

 

[eelw]

While I'll agree it is low of them to lower the written offer, but come on, it's only at most $3,500. But that being said, it's very early since you've listed the house, so yeah, reject their offer and wait for the next one.

 

[Queasy]

Originally posted by: eelw
While I'll agree it is low of them to lower the written offer, but come on, it's only at most $3,500. But that being said, it's very early since you've listed the house, so yeah, reject their offer and wait for the next one.

It wasn't just the $3,500 difference. It was them wanting us to pay ALL of the closing costs too (just under $5000). The minimum threshold we set was $166,500. That was in-line for what other houses like ours in the neighborhood sold for and cleared us enough money to pay off our HELOC and have money for downpayment on the new home.

That said, my wife got on the phone with them and negotiated back and forth. For some reason, they offered us $167,500 earlier today when they were approved for only $165,000!!! OY!! This is the kind of crap that drives me up the wall. They went back to their lendor and we worked out a deal for $168,500 with us paying $2000 towards closing and not putting new carpet in the upstairs.

Hopefully, it will stay this way now.

 

[Fritzo]

You make me sick :|

Mine's been on the market since August 2005, not one offer, and we've lowered the price by $20000 so far :|

At the time we went to sell, 27 other houses suddenly went up in the same neighborhood.

 

[Queasy]

Originally posted by: Fritzo
You make me sick :|

Well....I am Queasy after all. 😉

Mine's been on the market since August 2005, not one offer, and we've lowered the price by $20000 so far :|

At the time we went to sell, 27 other houses suddenly went up in the same neighborhood.

That completely sucks. That was part of the reason why we took our house off the market a couple of years ago. There was around 20 houses in our neighborhood up for sale too. There's only 5 or so now.

 

[bunker]

Originally posted by: Queasy
That completely sucks. That was part of the reason why we took our house off the market a couple of years ago. There was around 20 houses in our neighborhood up for sale too. There's only 5 or so now.

Yeah...sorry 'bout that 😉 😛

(for the uninformed...I lived in the same subdivision as Queasy when he originally had his up for sale)

 

[Queasy]

Originally posted by: bunker

Originally posted by: Queasy
That completely sucks. That was part of the reason why we took our house off the market a couple of years ago. There was around 20 houses in our neighborhood up for sale too. There's only 5 or so now.

Yeah...sorry 'bout that 😉 😛

(for the uninformed...I lived in the same subdivision as Queasy when he originally had his up for sale)

Haha 😛 Yeah, it didn't help that you had the same model home as us. On the bright side, since you moved and stopped shooting the rodents, my cat has doubled the number he's caught. :laugh:

 

[AnyMal]

Originally posted by: Queasy

Originally posted by: eelw
While I'll agree it is low of them to lower the written offer, but come on, it's only at most $3,500. But that being said, it's very early since you've listed the house, so yeah, reject their offer and wait for the next one.

It wasn't just the $3,500 difference. It was them wanting us to pay ALL of the closing costs too (just under $5000). The minimum threshold we set was $166,500. That was in-line for what other houses like ours in the neighborhood sold for and cleared us enough money to pay off our HELOC and have money for downpayment on the new home.

That said, my wife got on the phone with them and negotiated back and forth. For some reason, they offered us $167,500 earlier today when they were approved for only $165,000!!! OY!! This is the kind of crap that drives me up the wall. They went back to their lendor and we worked out a deal for $168,500 with us paying $2000 towards closing and not putting new carpet in the upstairs.

Hopefully, it will stay this way now.

Nothing is set in stone until you have a written and signed Sales Contract. Make sure to have them pay a non-refundable deposit.

 

[SampSon]

Buyers asking for sellers concessions to the tune of the closing costs is standard practice, don't get upset, it's the game you play when you sell.

Nothing is set in stone until you have a written and signed Sales Contract. Make sure to have them pay a non-refundable deposit.

Even then nothing is set in stone until closing.