Making an offer on a house you pulled out of earlier

[andymajumder]

Hi,

I went into escrow towards the end April…just before the tax credit expiry but than pulled out…because I had cold feet and had a nagging feeling I maybe overpaying even though the comps and zillow showed I was not (I had posted on this board when I was in escrow and was nervous about it). Nevertheless….after inspection (which showed some minor issues) I had pulled out.
In the past six weeks since than the property price has been reduced twice and the lower value of the asking price is now 28K below what I had offered.
I want to put another offer on that townhome now…about 40K lower than my previous offer but by real estate agent is reluctant to do so. SHe apparently knows the selling agent and was upset the first time I pulled out and now doesn’t want to put another offer 40K below the previous offer about 7 weeks earlier…what should I do? I am in no hurry to buy but with rates hovering between 4.625 – 4.75 am tempted to pull the trigger.

[andymajumder]

My previous post when I was in escrow….

http://piggington.com/i_am_in_escrow_but_extremely_nervous_nowwhat_should_i_do

[andymajumder]

My previous post when I was in escrow….

http://piggington.com/i_am_in_escrow_but_extremely_nervous_nowwhat_should_i_do

[andymajumder]

My previous post when I was in escrow….

http://piggington.com/i_am_in_escrow_but_extremely_nervous_nowwhat_should_i_do

[andymajumder]

My previous post when I was in escrow….

http://piggington.com/i_am_in_escrow_but_extremely_nervous_nowwhat_should_i_do

[andymajumder]

My previous post when I was in escrow….

http://piggington.com/i_am_in_escrow_but_extremely_nervous_nowwhat_should_i_do

[jpinpb]

Can you use another agent?

[jpinpb]

Can you use another agent?

[jpinpb]

Can you use another agent?

[jpinpb]

Can you use another agent?

[jpinpb]

Can you use another agent?

[Dougie944]

Quite frankly, who cares what your real estate agent wants to do? Get that agent to put it in writing that she doesn’t want to put your offer in on the house. That way she can’t come back later and say that she is owed a commission because she originally showed the house.

She can put the offer in as assignable so that the seller would not know who the buyer (you) is. That might be the preferable way to go with your history.

But, as I said before, who cares what your real estate agent wants. She should have your best interest at heart…40k less sounds like a better deal for you.

[Dougie944]

Quite frankly, who cares what your real estate agent wants to do? Get that agent to put it in writing that she doesn’t want to put your offer in on the house. That way she can’t come back later and say that she is owed a commission because she originally showed the house.

She can put the offer in as assignable so that the seller would not know who the buyer (you) is. That might be the preferable way to go with your history.

But, as I said before, who cares what your real estate agent wants. She should have your best interest at heart…40k less sounds like a better deal for you.

[Dougie944]

Quite frankly, who cares what your real estate agent wants to do? Get that agent to put it in writing that she doesn’t want to put your offer in on the house. That way she can’t come back later and say that she is owed a commission because she originally showed the house.

She can put the offer in as assignable so that the seller would not know who the buyer (you) is. That might be the preferable way to go with your history.

But, as I said before, who cares what your real estate agent wants. She should have your best interest at heart…40k less sounds like a better deal for you.

[Dougie944]

Quite frankly, who cares what your real estate agent wants to do? Get that agent to put it in writing that she doesn’t want to put your offer in on the house. That way she can’t come back later and say that she is owed a commission because she originally showed the house.

She can put the offer in as assignable so that the seller would not know who the buyer (you) is. That might be the preferable way to go with your history.

But, as I said before, who cares what your real estate agent wants. She should have your best interest at heart…40k less sounds like a better deal for you.

[Author]

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