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Our home offer...
We heard about our home offer yesterday and the sellers completely rejected it and didn't counter. I thought this was so odd! I'm thinking that they really don't want to sell because two other offers were made before ours and they were both rejected because the buyers had to sell their houses first. We're currently renters so that's not the case with us. Ours was rejected because there's another couple that looked at it a second time yesterday and they were hoping for more than what we did and the chance that they would make an offer. I was just really surprised that they didn't counter us and keep us in their back pocket or try to start a bidding war between us and the other couple if they did offer. Especially because if this other couple didn't offer they would be left with no offers. Has anyone else seen anything like this?
Re: Our home offer...
Yeah..... I feel like something else is going on....
The only thing I can think of is that maybe your offer was so low that it insulted them so they flat out rejected it? Silly, perhaps. But it happens a lot.
Yea, maybe - but we really weren't too much below their offer. Especially considering the house is going to need a new roof and chimney within the next few years. We went 10,000 below their offer and considered these two factors with that. I figured they would at least counter if they thought we were too low.
That's what I was thinking! I didn't except them to take it and we would for sure be willing to look at their counter and we would probably counter ourselves again but I think straight up rejecting is a little harsh. It's not like we offered so much lower that it doesn't even deserve to be looked at. I really think they're hestitate about selling.
Wow! I never thought of it that way! You're completely right and I bet that's what they're doing. They're waiting to see if this other couple makes an offer then come back to us if they do or don't. Thanks so much!
On the house that we just bought we originally wanted to offer $10K less than the list price with $4K concessions because a larger house with a bigger yard down the street from the one we wanted sold for $15K less than our house was asking. They're all in the same development so they're basically all the same, so we felt ours was overpriced. We ended up offering $8K less with the $4K concessions, they countered back with $5,500 less plus the concessions (and threw in the washer & dryer) and we accepted.
The reason we didn't do the $10K was because our realtor said they might be insulted and reject it flat-out, so that is a possibility. I mean we ended up getting it for almost $10K less if you factor in the concessions, but depending on the price of the house and comparable houses in the area, that could be a lot less.
We actually did something similiar - we offered $4,000 less than their asking but asked for sellers assist of 6,000 for all of the closing costs. so it ended up looking 10,000 less than their asking price. They may have thought they could still do better than our offer tho...btw your house pictures are gorgeous!
So true, it really does!!