I tried to put another on a 1/1 in MM recently that was asking around $135k.,..full price cash offer just for kicks…It would have just been so-so as an investment, but what the hell I thought. I think my offer went in day after it was listed or close to that. Anyway, ended up I was the 6th offer…..and that was even before any showing or the open house that was being done that weekend…Yup… Didn’t get a counter or anything (not that I would have entertained any counter above asking there)…
Patience … a lot of games are being played these days. I put an offer on a 1/1 two months ago, 10% below ask. Broker said I had no chance on getting it accepted at below ask. Two weeks ago, I got a call, and it’s now been submitted to the bank for SS approval.
Just because some people throw a cash offers out there doesn’t mean they can (or are even willing) to perform. Quite a few people are putting 10 offers on different short-sold places seeing which one actually gets approved by the bank.
