Buying A Home
nhstar
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Is this normal?-re:contingencies
We made an offer on a house over the weekend. We agreed on a price, but they countered and deleted our contingency to successfully close on our house (it went under contract a few weeks ago). We countered back with the original contingency to close first. They rejected it and said to come back if we get our buyer's financing secured and agree to inspection terms for the purchase of our current house. Their agent says they are basically waiting for the "perfect" buyer with no contingencies. I (and our agent) feel like this is a pretty basic request. Is this common? I know the owners can agree to whatever terms they want, but I feel that it's not very realistic in this market.
Re: Is this normal?-re:contingencies
My Pinterest
The Googlesites Paint Bio
Thinking of doing cosmetic updates to a dated home? These were our costs.
So you've got a contract to sell, but you're looking to push the risk off onto your sellers in case your buyers fall through? I can see why they wouldn't want to give you that. From their perspective, if your sellers gave you that contingency, then they'd be shouldering the risk of your buyers falling through AND you falling through for other reasons. Obviously you wish they'd go along with it, but can't you see why they wouldn't?
Sounds like you need to decide whether you like this house enough to bear the risk of your own buyers falling through.
Thanks for your input! This is our dream house in our dream neighborhood. It is priced well, but the sellers do not have to move. We're going to wait on our buyer's financing, which should be in the next two weeks, hope it's available, and resubmit an offer. Hopefully it will all work out!
How competitive it your area? For us we couldn't be making offers with that kind of contingency.
Like you mentioned the sellers don't have to move, so they can afford to wait for a better offer. If it's your dream house in your dream neighborhood would you consider dropping the contingency? If you buyer falls through could you afford to carry two mortgages?
We would not have accepted your contingency unless it was agreed that we could continue to market the house and consider other offers.
Personally, I am not a fan of contingencies--too many things can go wrong.
My Valentine Bookends (2~13~13, 2~15~09)