backup offers; odds

[scaredyclassic]

welcome, fellow traveller. before you admit to being like me, you really should get to know me better. you might regret that.

i am not a real estate professional but i have a feeling that backup offers may be more liekly to be accepted over the next few months as the tax credit expires and financing is very tight.

I’d hang in there.

the house that was the subject of this thread is still outt here in short sale mode, waiting for the bank to realize its loss. we have gone to visit it several times and now the wife isn’t sure about it. it sustained some water damage int he rains (good move, bank). also, strangely, houses look very different the second thirda and fourth times you come in. this palce looked much smaller than we’d rememebred, kind of like the way elementary schools look smaller when you visit years later

[SD Realtor]

Kiss a hundred frogs and you will find a prince. Right now the inventory is brutal. There is never anything wrong with submitting a backup offer as a fairly high percentage of short sale buyers backout, fallout or find other homes for a variety of reasons. Honestly right now is probably one of the most challenging times I have ever seen for any buyers, even tougher then the bubble years. What little inventory there is available is most likely distressed, investors are running around funnelling cash into any good deals out there, and you are fighting against very well qualified buyers.

Have patience, don’t get emotionally invested, and if you get to frustrated just sit out for awhile.

Finally, though this house may or may not come available to you, there will always be another one.

[SD Realtor]

Kiss a hundred frogs and you will find a prince. Right now the inventory is brutal. There is never anything wrong with submitting a backup offer as a fairly high percentage of short sale buyers backout, fallout or find other homes for a variety of reasons. Honestly right now is probably one of the most challenging times I have ever seen for any buyers, even tougher then the bubble years. What little inventory there is available is most likely distressed, investors are running around funnelling cash into any good deals out there, and you are fighting against very well qualified buyers.

Have patience, don’t get emotionally invested, and if you get to frustrated just sit out for awhile.

Finally, though this house may or may not come available to you, there will always be another one.

[SD Realtor]

Kiss a hundred frogs and you will find a prince. Right now the inventory is brutal. There is never anything wrong with submitting a backup offer as a fairly high percentage of short sale buyers backout, fallout or find other homes for a variety of reasons. Honestly right now is probably one of the most challenging times I have ever seen for any buyers, even tougher then the bubble years. What little inventory there is available is most likely distressed, investors are running around funnelling cash into any good deals out there, and you are fighting against very well qualified buyers.

Have patience, don’t get emotionally invested, and if you get to frustrated just sit out for awhile.

Finally, though this house may or may not come available to you, there will always be another one.

[SD Realtor]

Kiss a hundred frogs and you will find a prince. Right now the inventory is brutal. There is never anything wrong with submitting a backup offer as a fairly high percentage of short sale buyers backout, fallout or find other homes for a variety of reasons. Honestly right now is probably one of the most challenging times I have ever seen for any buyers, even tougher then the bubble years. What little inventory there is available is most likely distressed, investors are running around funnelling cash into any good deals out there, and you are fighting against very well qualified buyers.

Have patience, don’t get emotionally invested, and if you get to frustrated just sit out for awhile.

Finally, though this house may or may not come available to you, there will always be another one.

[SD Realtor]

Kiss a hundred frogs and you will find a prince. Right now the inventory is brutal. There is never anything wrong with submitting a backup offer as a fairly high percentage of short sale buyers backout, fallout or find other homes for a variety of reasons. Honestly right now is probably one of the most challenging times I have ever seen for any buyers, even tougher then the bubble years. What little inventory there is available is most likely distressed, investors are running around funnelling cash into any good deals out there, and you are fighting against very well qualified buyers.

Have patience, don’t get emotionally invested, and if you get to frustrated just sit out for awhile.

Finally, though this house may or may not come available to you, there will always be another one.

[Anonymous]

Thanks for the quick feedback … wow! Truly appreciate it. It so happens this house is a regular sale (not short sale, foreclosure). The original owners are moving out to their retirement state. They’ve owned the house since 1970 when it was built. It’s totally pleasant and livable now, and updated, but I can just imagine what I can do with it later.

This area where I live is very high cost-of-living and a tourist destination that most anybody you know may want to let you know they’d like to visit. I’d like a home a little bit in the country (but still accessible to my city job) where I can welcome family and friends to visit in bed-and-breakfast style.

I guess my issue is, with all that at an affordable price, how many like properties could pop up? But then again, back to the back-up offer topic, this is just me now. Like Scaredycat (there I go again), I’m just freshly wallowing in disappointment. It’s good we’re sharing to others this understandable roller-coaster emotional/rational feelings versus reality in the context of back-up offers.

[Anonymous]

Thanks for the quick feedback … wow! Truly appreciate it. It so happens this house is a regular sale (not short sale, foreclosure). The original owners are moving out to their retirement state. They’ve owned the house since 1970 when it was built. It’s totally pleasant and livable now, and updated, but I can just imagine what I can do with it later.

This area where I live is very high cost-of-living and a tourist destination that most anybody you know may want to let you know they’d like to visit. I’d like a home a little bit in the country (but still accessible to my city job) where I can welcome family and friends to visit in bed-and-breakfast style.

I guess my issue is, with all that at an affordable price, how many like properties could pop up? But then again, back to the back-up offer topic, this is just me now. Like Scaredycat (there I go again), I’m just freshly wallowing in disappointment. It’s good we’re sharing to others this understandable roller-coaster emotional/rational feelings versus reality in the context of back-up offers.

[Anonymous]

Thanks for the quick feedback … wow! Truly appreciate it. It so happens this house is a regular sale (not short sale, foreclosure). The original owners are moving out to their retirement state. They’ve owned the house since 1970 when it was built. It’s totally pleasant and livable now, and updated, but I can just imagine what I can do with it later.

This area where I live is very high cost-of-living and a tourist destination that most anybody you know may want to let you know they’d like to visit. I’d like a home a little bit in the country (but still accessible to my city job) where I can welcome family and friends to visit in bed-and-breakfast style.

I guess my issue is, with all that at an affordable price, how many like properties could pop up? But then again, back to the back-up offer topic, this is just me now. Like Scaredycat (there I go again), I’m just freshly wallowing in disappointment. It’s good we’re sharing to others this understandable roller-coaster emotional/rational feelings versus reality in the context of back-up offers.

[Anonymous]

Thanks for the quick feedback … wow! Truly appreciate it. It so happens this house is a regular sale (not short sale, foreclosure). The original owners are moving out to their retirement state. They’ve owned the house since 1970 when it was built. It’s totally pleasant and livable now, and updated, but I can just imagine what I can do with it later.

This area where I live is very high cost-of-living and a tourist destination that most anybody you know may want to let you know they’d like to visit. I’d like a home a little bit in the country (but still accessible to my city job) where I can welcome family and friends to visit in bed-and-breakfast style.

I guess my issue is, with all that at an affordable price, how many like properties could pop up? But then again, back to the back-up offer topic, this is just me now. Like Scaredycat (there I go again), I’m just freshly wallowing in disappointment. It’s good we’re sharing to others this understandable roller-coaster emotional/rational feelings versus reality in the context of back-up offers.

[Anonymous]

Thanks for the quick feedback … wow! Truly appreciate it. It so happens this house is a regular sale (not short sale, foreclosure). The original owners are moving out to their retirement state. They’ve owned the house since 1970 when it was built. It’s totally pleasant and livable now, and updated, but I can just imagine what I can do with it later.

This area where I live is very high cost-of-living and a tourist destination that most anybody you know may want to let you know they’d like to visit. I’d like a home a little bit in the country (but still accessible to my city job) where I can welcome family and friends to visit in bed-and-breakfast style.

I guess my issue is, with all that at an affordable price, how many like properties could pop up? But then again, back to the back-up offer topic, this is just me now. Like Scaredycat (there I go again), I’m just freshly wallowing in disappointment. It’s good we’re sharing to others this understandable roller-coaster emotional/rational feelings versus reality in the context of back-up offers.

[Anonymous]

To Scaredycat and SD Realtor. I’m back to this thread. I was a newbie when I posted, and now I’ve had a chance to familiarize myself more with this site. It’s amazing, I see how Scaredycat’s attitude and perspective have changed since that funny blurt. Thanks to that post. It took me just a morning reading the “back-up offer odds” thread to quickly get to the acceptance stage.

BTW, my current frustration may be about a regular sale opportunity, but that was just it. I am actually more dependent on short sales to afford as close to what I am looking for in my next home–a simple-living sanctuary. But there’s nothing simple with the home-buying process or negotiations for a major purchase. When I posted, I was actually reacting to the disappointment that what I thought would be a rare, serendipitous slum-dunk process turned out otherwise… And of course, I really liked the property I visited three times in five days.

Again, thanks.

[Anonymous]

To Scaredycat and SD Realtor. I’m back to this thread. I was a newbie when I posted, and now I’ve had a chance to familiarize myself more with this site. It’s amazing, I see how Scaredycat’s attitude and perspective have changed since that funny blurt. Thanks to that post. It took me just a morning reading the “back-up offer odds” thread to quickly get to the acceptance stage.

BTW, my current frustration may be about a regular sale opportunity, but that was just it. I am actually more dependent on short sales to afford as close to what I am looking for in my next home–a simple-living sanctuary. But there’s nothing simple with the home-buying process or negotiations for a major purchase. When I posted, I was actually reacting to the disappointment that what I thought would be a rare, serendipitous slum-dunk process turned out otherwise… And of course, I really liked the property I visited three times in five days.

Again, thanks.

[Anonymous]

To Scaredycat and SD Realtor. I’m back to this thread. I was a newbie when I posted, and now I’ve had a chance to familiarize myself more with this site. It’s amazing, I see how Scaredycat’s attitude and perspective have changed since that funny blurt. Thanks to that post. It took me just a morning reading the “back-up offer odds” thread to quickly get to the acceptance stage.

BTW, my current frustration may be about a regular sale opportunity, but that was just it. I am actually more dependent on short sales to afford as close to what I am looking for in my next home–a simple-living sanctuary. But there’s nothing simple with the home-buying process or negotiations for a major purchase. When I posted, I was actually reacting to the disappointment that what I thought would be a rare, serendipitous slum-dunk process turned out otherwise… And of course, I really liked the property I visited three times in five days.

Again, thanks.

[Anonymous]

To Scaredycat and SD Realtor. I’m back to this thread. I was a newbie when I posted, and now I’ve had a chance to familiarize myself more with this site. It’s amazing, I see how Scaredycat’s attitude and perspective have changed since that funny blurt. Thanks to that post. It took me just a morning reading the “back-up offer odds” thread to quickly get to the acceptance stage.

BTW, my current frustration may be about a regular sale opportunity, but that was just it. I am actually more dependent on short sales to afford as close to what I am looking for in my next home–a simple-living sanctuary. But there’s nothing simple with the home-buying process or negotiations for a major purchase. When I posted, I was actually reacting to the disappointment that what I thought would be a rare, serendipitous slum-dunk process turned out otherwise… And of course, I really liked the property I visited three times in five days.

Again, thanks.

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