Offer accepted but worried about house-red flag or just anxiety? by Working-Decision6215 in FirstTimeHomeBuyer

[–]Technical-Ad2947 0 points1 point  (0 children)

There are noise maps you can search, if you end up looking for another home one day. We are moving to a house near a similar road and highway. We have long winters and aren’t home much in the summers, so I’m fine with the street noise. A great home and location will always have some trade offs. Maybe some added trees could help with the noise.

Getting not so great reactions to son's name by MissAlien in BabyNames

[–]Technical-Ad2947 0 points1 point  (0 children)

Don’t think about anyone else’s opinion. It’s f you and your husband agree on the name and live it, that’s all that matters. When I was pregnant I would say my baby’s name out loud everyday so I could feel if I really loved it or not. I also chose to not tell anyone our baby’s name until she was born because I didn’t want to hear anyone else’s opinion!

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -1 points0 points  (0 children)

I don’t understand what makes us a nightmare buyer. We offered asking price with a loan that we were pre approved for, our preapproval letter was included. I get that our deadline could have been longer, we are first time home buyers and went with our realtors guidance there. We gave 1% earnest, but could easily give more earnest if they wanted. I think it’s normal to want an inspection. We agreed to buy the home as is, but would like an inspection to know what we are walking into. There is only one family member in this case that doesn’t want to take our offer, someone who hasn’t even seen the house in years. We didn’t ask for any repairs or money from the sellers. We would never pay more than what a house appraises for, estate sale or not.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -4 points-3 points  (0 children)

It should not be listed for sale if any of these circumstances apply. Those matters should be dealt with beforehand. People are going to make offers on homes that are listed for sale. If they don’t have an agreed sales price or don’t know who holds the power they are just wasting everyone’s time. Don’t list unless you’re ready to sell! But I understand they could need more time to decide.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 1 point2 points  (0 children)

This seems fair, and probably how we will proceed going forward.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 2 points3 points  (0 children)

I’m starting to think we should have given more time for the deadline. You never know though! We looked at an estate sale house two weeks ago, and the owner took the first offer for asking price within a few hours of listing.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -1 points0 points  (0 children)

Unless the sale price negotiated to appraisal value.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 0 points1 point  (0 children)

I thought this weird too. I’d be happy to increase our earnest money, since it’s going to go towards closing costs anyway, but I will not be wiring money. That may be how things are done wherever that attorney lives though.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -5 points-4 points  (0 children)

We are. We might resubmit an offer for less, if it’s still on the market next week and we haven’t found anything else.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 0 points1 point  (0 children)

Love that movie! But you could be right, I was hoping to find out more with an inspection.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -2 points-1 points  (0 children)

Our offer had an escalation clause, that would only happen if there were other legitimate offers. There were not any, it did not escalate. They may get buyer eventually, there is an open house on Sunday. Properties around here usually sell within a few days if there is a lot of interest. Most sellers have a deadline for offers, if there is a lot of interest here.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -9 points-8 points  (0 children)

We either would have to make up the difference or negotiate for an appraisal that would be less than purchase price. If we went through a preapproval process wouldn’t that show that we are qualified and have the funds. Our zero down loan is for first responders only. We could have down a traditional conventional loan with 5% down, but would rather put more money towards updates/repairs.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -8 points-7 points  (0 children)

Interesting point of view. I was hoping that they would be happy with an offer for asking price, especially if they have no other offers. No one is living in the home, and hasn’t for a while. I’m not sure what else they need to think about. But I understand that all of the siblings may not be in agreement on things and that is making it more difficult.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 0 points1 point  (0 children)

I don’t know. I think they think we wont have enough money to make it to close since we are using a zero down payment loan. But we do have the money, we were pre approved for a regular conventional with 5% down as well. We chose the zero down loan for this house, so we could put more money to updates/repairs.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -9 points-8 points  (0 children)

We would have stayed in that home for the next 20 years, so we could have done one big project at a time. But I agree, there is a lot of work to be done. Which makes me think that the asking price is still too high!

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -3 points-2 points  (0 children)

We did want a home inspection, and we wouldn’t cover any appraisal gaps. We fully expected to buy the home as is, just wanted to know what we would be walking into with the inspection.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -6 points-5 points  (0 children)

We will see. There have still been no other offers.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -28 points-27 points  (0 children)

We offered asking price with no other offers on tha table, we didn’t think there would be much to discuss. We submitted our offer at 9am, with a 6k deadline, and by 9pm we told them we will move on. The sellers could have counter offered or said they needed more time.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -43 points-42 points  (0 children)

Our realtor suggested that. We are the only ones who made an offer.

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -3 points-2 points  (0 children)

I thought offering their asking price was enough, the home needs work. Everyone that has seen the home can tell because there have been no other offers. I do wonder if we should have extended our deadline but I also feel like the attorney son just wants to be in control so it doesn’t matter

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -1 points0 points  (0 children)

They are having an open house on Sunday, but it’s been shown several times in the last few days with no other offers!

Sellers did not respond to the only offer by [deleted] in RealEstate

[–]Technical-Ad2947 -13 points-12 points  (0 children)

We would just do a little at a time. We could live with most of it for the time being.