Home › Forums › Closed Forums › Buying and Selling RE › When is a low offer too low?
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March 7, 2009 at 8:08 PM #362017March 8, 2009 at 10:03 AM #362647AnonymousGuest
We found a house that we fell in love with. Did all the market research, put in a very logical offer with explanations linked to recent comps in the area. The seller received 2 other offers just as they were about to send back the counter-offer. Long story short, we upped our 2nd offer by $50k and hoped for the best. Turns out,we were outbid by $10k. What’s tearing me up is that we were willing to pay more than our final bid for this property. At the time we were caught up in trying to get the absolute best deal possible and in the end, we lost our dream home over $10,000.
March 8, 2009 at 10:03 AM #362753AnonymousGuestWe found a house that we fell in love with. Did all the market research, put in a very logical offer with explanations linked to recent comps in the area. The seller received 2 other offers just as they were about to send back the counter-offer. Long story short, we upped our 2nd offer by $50k and hoped for the best. Turns out,we were outbid by $10k. What’s tearing me up is that we were willing to pay more than our final bid for this property. At the time we were caught up in trying to get the absolute best deal possible and in the end, we lost our dream home over $10,000.
March 8, 2009 at 10:03 AM #362605AnonymousGuestWe found a house that we fell in love with. Did all the market research, put in a very logical offer with explanations linked to recent comps in the area. The seller received 2 other offers just as they were about to send back the counter-offer. Long story short, we upped our 2nd offer by $50k and hoped for the best. Turns out,we were outbid by $10k. What’s tearing me up is that we were willing to pay more than our final bid for this property. At the time we were caught up in trying to get the absolute best deal possible and in the end, we lost our dream home over $10,000.
March 8, 2009 at 10:03 AM #362162AnonymousGuestWe found a house that we fell in love with. Did all the market research, put in a very logical offer with explanations linked to recent comps in the area. The seller received 2 other offers just as they were about to send back the counter-offer. Long story short, we upped our 2nd offer by $50k and hoped for the best. Turns out,we were outbid by $10k. What’s tearing me up is that we were willing to pay more than our final bid for this property. At the time we were caught up in trying to get the absolute best deal possible and in the end, we lost our dream home over $10,000.
March 8, 2009 at 10:03 AM #362459AnonymousGuestWe found a house that we fell in love with. Did all the market research, put in a very logical offer with explanations linked to recent comps in the area. The seller received 2 other offers just as they were about to send back the counter-offer. Long story short, we upped our 2nd offer by $50k and hoped for the best. Turns out,we were outbid by $10k. What’s tearing me up is that we were willing to pay more than our final bid for this property. At the time we were caught up in trying to get the absolute best deal possible and in the end, we lost our dream home over $10,000.
March 8, 2009 at 11:34 AM #362518patbParticipant[quote=kismet37]We found a house that we fell in love with. Did all the market research, put in a very logical offer with explanations linked to recent comps in the area. The seller received 2 other offers just as they were about to send back the counter-offer. Long story short, we upped our 2nd offer by $50k and hoped for the best. Turns out,we were outbid by $10k. What’s tearing me up is that we were willing to pay more than our final bid for this property. At the time we were caught up in trying to get the absolute best deal possible and in the end, we lost our dream home over $10,000. [/quote]
There are lots more houses out there.
What you mean to say is “You lost your dream home for 60K more then
you tought the rational price was”.There are lots of houses for sale and in the next 18 months there
will be lots more for sale.March 8, 2009 at 11:34 AM #362222patbParticipant[quote=kismet37]We found a house that we fell in love with. Did all the market research, put in a very logical offer with explanations linked to recent comps in the area. The seller received 2 other offers just as they were about to send back the counter-offer. Long story short, we upped our 2nd offer by $50k and hoped for the best. Turns out,we were outbid by $10k. What’s tearing me up is that we were willing to pay more than our final bid for this property. At the time we were caught up in trying to get the absolute best deal possible and in the end, we lost our dream home over $10,000. [/quote]
There are lots more houses out there.
What you mean to say is “You lost your dream home for 60K more then
you tought the rational price was”.There are lots of houses for sale and in the next 18 months there
will be lots more for sale.March 8, 2009 at 11:34 AM #362664patbParticipant[quote=kismet37]We found a house that we fell in love with. Did all the market research, put in a very logical offer with explanations linked to recent comps in the area. The seller received 2 other offers just as they were about to send back the counter-offer. Long story short, we upped our 2nd offer by $50k and hoped for the best. Turns out,we were outbid by $10k. What’s tearing me up is that we were willing to pay more than our final bid for this property. At the time we were caught up in trying to get the absolute best deal possible and in the end, we lost our dream home over $10,000. [/quote]
There are lots more houses out there.
What you mean to say is “You lost your dream home for 60K more then
you tought the rational price was”.There are lots of houses for sale and in the next 18 months there
will be lots more for sale.March 8, 2009 at 11:34 AM #362813patbParticipant[quote=kismet37]We found a house that we fell in love with. Did all the market research, put in a very logical offer with explanations linked to recent comps in the area. The seller received 2 other offers just as they were about to send back the counter-offer. Long story short, we upped our 2nd offer by $50k and hoped for the best. Turns out,we were outbid by $10k. What’s tearing me up is that we were willing to pay more than our final bid for this property. At the time we were caught up in trying to get the absolute best deal possible and in the end, we lost our dream home over $10,000. [/quote]
There are lots more houses out there.
What you mean to say is “You lost your dream home for 60K more then
you tought the rational price was”.There are lots of houses for sale and in the next 18 months there
will be lots more for sale.March 8, 2009 at 11:34 AM #362707patbParticipant[quote=kismet37]We found a house that we fell in love with. Did all the market research, put in a very logical offer with explanations linked to recent comps in the area. The seller received 2 other offers just as they were about to send back the counter-offer. Long story short, we upped our 2nd offer by $50k and hoped for the best. Turns out,we were outbid by $10k. What’s tearing me up is that we were willing to pay more than our final bid for this property. At the time we were caught up in trying to get the absolute best deal possible and in the end, we lost our dream home over $10,000. [/quote]
There are lots more houses out there.
What you mean to say is “You lost your dream home for 60K more then
you tought the rational price was”.There are lots of houses for sale and in the next 18 months there
will be lots more for sale.March 8, 2009 at 1:12 PM #362793NotCrankyParticipantIs this thread about low ball strategies or “love” of “dream houses” and regret for not participating more aggressively in bidding wars?
March 8, 2009 at 1:12 PM #362644NotCrankyParticipantIs this thread about low ball strategies or “love” of “dream houses” and regret for not participating more aggressively in bidding wars?
March 8, 2009 at 1:12 PM #362498NotCrankyParticipantIs this thread about low ball strategies or “love” of “dream houses” and regret for not participating more aggressively in bidding wars?
March 8, 2009 at 1:12 PM #362202NotCrankyParticipantIs this thread about low ball strategies or “love” of “dream houses” and regret for not participating more aggressively in bidding wars?
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