Buying A Home
MrsS728
member
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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.
So Frustrated!!!
My husband and I have been looking for a house for a while now and we are running into the issue that houses in our area are only on the market for less than 48 hours, not giving us enough time to put in an offer. I don't get it. We found what we thought was "THE" house. It was listed Monday night, we saw the house at 5pm on Wednesday and then the SELLER called our agent as a "courtesy" to let us know that they had already accepted an offer. Why go through the motions of showing the house to someone else if you've already accepted someone else's offer?
It's so frustrating that we can't even get into these houses 24 hours after the listing goes up. I hate hate hate this market. Is anyone finding this in their hometowns?
Re: So Frustrated!!!
It's happening in my area. From the perspective of a seller, we had a very good idea of what our house would appraise for, and we knew that a cash buyer for our house was very unrealistic. So there was very little incentive for us to keep the house on the market for more than a couple days, considering that we got a full price offer the morning that our house was first being shown. We did end up accepting the original offer - it helped that they sweetened the offer a bit when they found out we were going to look at other offers.
My advice is that you need to be aggressive. Do whatever it takes to see houses the first day that they are available for viewing. Go view houses that on paper may not seem ideal - you may end up being surprised. Sometimes your realtor may even be able to show you a house before it goes on the market if they have solid connections with other realtors in the area. Know what you are willing to pay, and make your offer stand out by offering over asking price if the price still seems fair.
We are having the same issue. Not that the turnover is that high but when I send it to our realtor to make the appointment for us to tour he never gets back to us and within a week they are gone. He has only really shown us 1 house and that was the day after it was listed and it was an amazing house and we sat on it because there were 5 others we wanted to see but appointments were never made.
At any rate I'm starting to feel like a buyer's agent wasn't the best idea after all. He is just so hard to get a hold of.
To me is sounds like *this* buyers agent wasn't a good idea. I would like to think there are better ones.
Well that is more what I meant...Unfortunately, he is the only one in our area so there isn't another one to switch too.
There is only 1 agent in your area???
You can always contact the house's listing agent if you want to look at a house & *your* agent isn't getting back to you...
We dealt with this and it was so freaking annoying! I hated that I had to essentially stalk the MLS and jump as soon as a new listing came up.
We got extremely lucky that the house we ended up buying didn't show very well online, but was gorgeous in person. We went on day 2 of the house being listed, offered them what they were asking on the spot, and they accepted. But we had to move fast! This is a crazy market, that's for sure.
Good luck! If we hadn't gotten our house, I told myself that hopefully over the summer the inventory will start increasing again and we could have maybe a good 72 hours as opposed to 48 ;-) Hang in there!
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I was in the exact same situation a couple months ago and it was awful! I constantly felt like I was a step behind. We were online everyday and if we saw a house we liked, we called our agent and we went out that night to see it.
The house just bought went on the market, we saw it online that day, went to see it, and we put in a offer the next morning. By the next afternoon we were under contract. You have to be quick in this market, but I hear you! It was very upsetting!
Same type of market here too, but I usually try to see a house ASAP- either by taking a long lunch or going that evening.
I've gone without H lots of times and he was actually out of town at the one I put an offer on. There is not guarantee the offer will be accepted and we still had the due diligence time to pull out if he absolutely hated it. But between me knowing him well and not wanting to mess around, I went ahead and made the offer rather than loosing out. I took video and pictures and it worked out well for us.
I've likewise found you have to move super quick. We had put a lot of offers in and kept losing them to other buyers by mere hours...my husband went to see a house while I was at work a day after it was listed - he called me to say he'd found the perfect house and without even seeing it I put the offer in. Seller accepted and we are now under contract. If we had waited even 12 more hours we probably would have lost it.
If the market is that competitive where you are, just move fast and know that if you have to lose your earnest deposit because your spouse ends up not liking it, that's not the worst thing ever.
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