House Crap (Again)

Hoover · 04-04-2005, 10:14 AM

Ok, so I made an offer on Friday. I think I made a mistake by giving them 72 Hours to get back to me.

How long should you give them, 24 hours?

Anyway, I don't know what to think. If it was too low they would have rejected right away correct? This sucks.

Any advise out there?

|Zach| · 04-04-2005, 10:16 AM

Get a hot chicks room.

**Rain Man** · 04-04-2005, 10:16 AM

My advice is to sit tight. They want to sell the house, and you're the only buyer. You hold all the cards.

|Zach| · 04-04-2005, 10:18 AM

Quote:

Originally Posted by Rain Man

My advice is to sit tight. They want to sell the house, and you're the only buyer. You hold all the cards.

Simplex3 · 04-04-2005, 10:17 AM

Sit back and chill. It's all you can do. Some people correctly view their home as an asset to be negotiated, some people expect you to pay for their sentimental value. Nothing you can do but grab a brew and ride it out.

04-04-2005, 10:19 AM

You should take it out on the little old ladies in the mail room.

Regards,

Skip Towne

**Iowanian** · 04-04-2005, 10:19 AM

I gave my offer friday at 11:30, the offer sheet gave them until 1pm saturday..........They had countered by 12:30, I countered with a "take it or have a nice life" and at 1:30, owned the house....papers signed by 4, pending closing.

The Wife emailed earlier, and a co-worker of hers had put an offer for $4k more and had been rejected 3 weeks earlier.

Its all timing...they were nearing the end of the contract with the realtor, packing 2 mortgages in a month.......they had the realtor call me to see if we were going to make an offer, I waited 3 days and Blam!

If the owner makes that "uhh" sound when signing....you got a good deal.

I cut to the bone on my offer on their house because they needed to sell it.....I don't HAVE to sell mine, so I won't budge far from my asking price.

Hoover · 04-04-2005, 10:25 AM

I'm just pissed I gave them 72 hours.

I know I hold the cards, I don't have to buy crap. But If they were going to counter, I thought I'd have it by now.

Logical · 04-04-2005, 04:07 PM

I Should have read the thread first.

trndobrd · 04-04-2005, 10:25 AM

72 hours is plenty of time to send a couple of your boys over to their place to help them 'make up their minds'.

**Iowanian** · 04-04-2005, 10:45 AM

I'm guessing its one of 3 things.
1. They're out of town and haven't seen it until maybe this morning
2. They're trying to sweat you, and will come back with a counter closer to asking
3. They are disagreeing over accepting/countering your offer(if more than 1)

Hoover · 04-04-2005, 11:10 AM

Quote:

Originally Posted by Iowanian

I'm guessing its one of 3 things.
1. They're out of town and haven't seen it until maybe this morning
2. They're trying to sweat you, and will come back with a counter closer to asking
3. They are disagreeing over accepting/countering your offer(if more than 1)

They were in town this weekend. (got to love small towns)

In our offer my wife included their wicker porch furnature, and the two pieces that they had in their new house was in the back of their pickup today. I think that could be a good sign.

I'll be thrilled if they take my offer.

Hoover · 04-04-2005, 01:57 PM

Update:

So they sent me a couter offer. Full Asking price, but they would put on new soffitt.

I wrote hell no on the cover sheet and faxed it back.

The realtor just left a voice mail on my cell phone.

**Rain Man** · 04-04-2005, 02:07 PM

Quote:

Originally Posted by Hoover

Update:

So they sent me a couter offer. Full Asking price, but they would put on new soffitt.

I wrote hell no on the cover sheet and faxed it back.

The realtor just left a voice mail on my cell phone.

Well, now you know why it's been on the market forever. If they're not going to be reasonable, tell them that they can accept your offer any time, but that you can void it WHEN you find another home that you like better. Then go as silent as a satellite that was designed in metric and look for another house. They want to sell more than you want to buy; I guarantee it, so a couple of weeks of silence will be worth a lot of money unless they're just insane.

I tried to buy an office about a year and a half ago. When we arrived on the scene, the selling Realtor (who was truly an unimpressive individual) said that they'd just had two offers get pulled "because the buyers were being completely unreasonable." We put in an offer on the place, and someone - either the Realtor or the seller - was an idiot, because they did this kind of thing, too - counteroffering with their original asking price, not conceding even on small items that didn't hurt them and would help us, etc. We finally pulled our offer. 18 months later, it's still for sale, and I chuckle whenever I drive by. We ended up with a much better space, and they're still sitting on a large investment that's costing them a ton of money every month.

Hoover · 04-04-2005, 02:08 PM

So she just called my office said "I take it you didn't like the counter offer" Umm No. Then she said well they didn't like your offer either, it was to low, then asked if I wanted to make a counter offer, I said I'm not sure and I'll talk to my wife tonight.

I'm going to let them sit on the damn thing for another month and if it sells o-well.

04-04-2005, 10:14 AM	Topic Starter
Hoover Rufus Dawes Jr. Join Date: Aug 2000 Casino cash: $1748179	House Crap (Again) Ok, so I made an offer on Friday. I think I made a mistake by giving them 72 Hours to get back to me. How long should you give them, 24 hours? Anyway, I don't know what to think. If it was too low they would have rejected right away correct? This sucks. Any advise out there?
Posts: 17,337

04-04-2005, 10:16 AM	#2
\|Zach\| For The Glory Of The City Join Date: Sep 2002 Location: Kansas City Casino cash: $5366768	Get a hot chicks room.
Posts: 53,402

04-04-2005, 10:16 AM	#3
Rain Man NFL's #1 Ermines Fan Join Date: Jul 2001 Location: My house Casino cash: $3408491 VARSITY	My advice is to sit tight. They want to sell the house, and you're the only buyer. You hold all the cards. __________________ I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit.
Posts: 141,202

04-04-2005, 10:17 AM	#5
Simplex3 MVP Join Date: Sep 2003 Casino cash: $10004900	Sit back and chill. It's all you can do. Some people correctly view their home as an asset to be negotiated, some people expect you to pay for their sentimental value. Nothing you can do but grab a brew and ride it out.
Posts: 28,527

04-04-2005, 10:19 AM	#6
Phobia Guest Casino cash: $	You should take it out on the little old ladies in the mail room. Regards, Skip Towne
Posts: n/a

04-04-2005, 10:19 AM	#7
Iowanian Supporter Join Date: Aug 2000 Location: Utopia Casino cash: $4818454	I gave my offer friday at 11:30, the offer sheet gave them until 1pm saturday..........They had countered by 12:30, I countered with a "take it or have a nice life" and at 1:30, owned the house....papers signed by 4, pending closing. The Wife emailed earlier, and a co-worker of hers had put an offer for $4k more and had been rejected 3 weeks earlier. Its all timing...they were nearing the end of the contract with the realtor, packing 2 mortgages in a month.......they had the realtor call me to see if we were going to make an offer, I waited 3 days and Blam! If the owner makes that "uhh" sound when signing....you got a good deal. I cut to the bone on my offer on their house because they needed to sell it.....I don't HAVE to sell mine, so I won't budge far from my asking price.
Posts: 61,511

04-04-2005, 10:25 AM	#8
Hoover Rufus Dawes Jr. Join Date: Aug 2000 Casino cash: $1748179	I'm just pissed I gave them 72 hours. I know I hold the cards, I don't have to buy crap. But If they were going to counter, I thought I'd have it by now.
Posts: 17,337

04-04-2005, 04:07 PM	#9
Logical Screw U if U can't take a joke Join Date: Aug 2000 Casino cash: $10004900	I Should have read the thread first.
Posts: 31,579

04-04-2005, 10:25 AM	#10
trndobrd 'Stachecicle Join Date: Sep 2003 Location: The Tolerance Box Casino cash: $5025087	72 hours is plenty of time to send a couple of your boys over to their place to help them 'make up their minds'. __________________ "I don't really think there is a need to raise or debate this point." -jAZ
Posts: 7,074

04-04-2005, 10:45 AM	#11
Iowanian Supporter Join Date: Aug 2000 Location: Utopia Casino cash: $4818454	I'm guessing its one of 3 things. 1. They're out of town and haven't seen it until maybe this morning 2. They're trying to sweat you, and will come back with a counter closer to asking 3. They are disagreeing over accepting/countering your offer(if more than 1)
Posts: 61,511

04-04-2005, 01:57 PM	#13
Hoover Rufus Dawes Jr. Join Date: Aug 2000 Casino cash: $1748179	Update: So they sent me a couter offer. Full Asking price, but they would put on new soffitt. I wrote hell no on the cover sheet and faxed it back. The realtor just left a voice mail on my cell phone.
Posts: 17,337

04-04-2005, 02:08 PM	#15
Hoover Rufus Dawes Jr. Join Date: Aug 2000 Casino cash: $1748179	So she just called my office said "I take it you didn't like the counter offer" Umm No. Then she said well they didn't like your offer either, it was to low, then asked if I wanted to make a counter offer, I said I'm not sure and I'll talk to my wife tonight. I'm going to let them sit on the damn thing for another month and if it sells o-well.
Posts: 17,337