32 offers or more in 3 days on a single property

[Anonymous]

I was one of the 32 people who put an offer in on this place. My offer was accepted at 475K and i was thrilled – I thought the house was worth way more than $420K. We then did a home inspection and found out that the home has a crack in the foundation that goes from the front of the house to the back. You can see the effects on the house when you look for them – there is some space in between planks of wood, there are slight cracks in the wall, and there is a truss in the crawl space that is broken.

Being a first time home buyer i didn’t want to mess with a cracked foundation so we walked away. It’s still probably a good deal if you know what you’re doing with cracked foundations (i don’t).

[SD Realtor]

croupier I didn’t want to divulge any information about the slab when I found out in light of the recent lawsuit that happened to ocrenter. Where you the first or the second offer accepted? I heard there was an offer accepted, then after the physical, they backed out, then a second offer accepted, then the same thing happened. It was only after that that the listing agent told me about the cracked slab. I think it was good of you to back out. Also it would pretty much have been a show stopper unless you are a cash buyer. You cannot get homeowners insurance with a cracked slab. If you cannot get insured, you will not get financing. So either the slab would need to be fixed prior to coe or you would have needed to pay cash. Usually contractors and such buy homes with cracked slabs and such.

SD Realtor

[SD Realtor]

croupier I didn’t want to divulge any information about the slab when I found out in light of the recent lawsuit that happened to ocrenter. Where you the first or the second offer accepted? I heard there was an offer accepted, then after the physical, they backed out, then a second offer accepted, then the same thing happened. It was only after that that the listing agent told me about the cracked slab. I think it was good of you to back out. Also it would pretty much have been a show stopper unless you are a cash buyer. You cannot get homeowners insurance with a cracked slab. If you cannot get insured, you will not get financing. So either the slab would need to be fixed prior to coe or you would have needed to pay cash. Usually contractors and such buy homes with cracked slabs and such.

SD Realtor

[SD Realtor]

croupier I didn’t want to divulge any information about the slab when I found out in light of the recent lawsuit that happened to ocrenter. Where you the first or the second offer accepted? I heard there was an offer accepted, then after the physical, they backed out, then a second offer accepted, then the same thing happened. It was only after that that the listing agent told me about the cracked slab. I think it was good of you to back out. Also it would pretty much have been a show stopper unless you are a cash buyer. You cannot get homeowners insurance with a cracked slab. If you cannot get insured, you will not get financing. So either the slab would need to be fixed prior to coe or you would have needed to pay cash. Usually contractors and such buy homes with cracked slabs and such.

SD Realtor

[SD Realtor]

croupier I didn’t want to divulge any information about the slab when I found out in light of the recent lawsuit that happened to ocrenter. Where you the first or the second offer accepted? I heard there was an offer accepted, then after the physical, they backed out, then a second offer accepted, then the same thing happened. It was only after that that the listing agent told me about the cracked slab. I think it was good of you to back out. Also it would pretty much have been a show stopper unless you are a cash buyer. You cannot get homeowners insurance with a cracked slab. If you cannot get insured, you will not get financing. So either the slab would need to be fixed prior to coe or you would have needed to pay cash. Usually contractors and such buy homes with cracked slabs and such.

SD Realtor

[SD Realtor]

croupier I didn’t want to divulge any information about the slab when I found out in light of the recent lawsuit that happened to ocrenter. Where you the first or the second offer accepted? I heard there was an offer accepted, then after the physical, they backed out, then a second offer accepted, then the same thing happened. It was only after that that the listing agent told me about the cracked slab. I think it was good of you to back out. Also it would pretty much have been a show stopper unless you are a cash buyer. You cannot get homeowners insurance with a cracked slab. If you cannot get insured, you will not get financing. So either the slab would need to be fixed prior to coe or you would have needed to pay cash. Usually contractors and such buy homes with cracked slabs and such.

SD Realtor

[Sandi Egan]

croupier, it’s great that you discovered it before removing the contingency.
Too bad the property is not a comp killer we thought it was.

[Sandi Egan]

croupier, it’s great that you discovered it before removing the contingency.
Too bad the property is not a comp killer we thought it was.

[Sandi Egan]

croupier, it’s great that you discovered it before removing the contingency.
Too bad the property is not a comp killer we thought it was.

[Sandi Egan]

croupier, it’s great that you discovered it before removing the contingency.
Too bad the property is not a comp killer we thought it was.

[Sandi Egan]

croupier, it’s great that you discovered it before removing the contingency.
Too bad the property is not a comp killer we thought it was.

[Reality]

“I have a friend that did pretty well with his condo sale in 2006. He and his wife are looking for deals now because so many “deals are to be had!””

I always find this funny how folks get excited about the modest drop in prices over the last couple years and are itching to get back in for the “great deals”, forgetting how prices tripled in the decade prior to that.

[Reality]

“I have a friend that did pretty well with his condo sale in 2006. He and his wife are looking for deals now because so many “deals are to be had!””

I always find this funny how folks get excited about the modest drop in prices over the last couple years and are itching to get back in for the “great deals”, forgetting how prices tripled in the decade prior to that.

[Reality]

“I have a friend that did pretty well with his condo sale in 2006. He and his wife are looking for deals now because so many “deals are to be had!””

I always find this funny how folks get excited about the modest drop in prices over the last couple years and are itching to get back in for the “great deals”, forgetting how prices tripled in the decade prior to that.

[Reality]

“I have a friend that did pretty well with his condo sale in 2006. He and his wife are looking for deals now because so many “deals are to be had!””

I always find this funny how folks get excited about the modest drop in prices over the last couple years and are itching to get back in for the “great deals”, forgetting how prices tripled in the decade prior to that.

[Author]

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