When is a low offer too low? – Page 4 – Piggington's Econo-Almanac

This topic has 90 replies, 11 voices, and was last updated 15 years, 2 months ago by sd_matt.

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March 7, 2009 at 8:08 PM #362608

no_such_reality
Participant

The offer is too low when someone else buys the property you want for a price you are willing to pay.

March 8, 2009 at 10:03 AM #362162

Anonymous
Guest

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 #362459

Anonymous
Guest

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 #362605

Anonymous
Guest

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 #362647

Anonymous
Guest

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 #362753

Anonymous
Guest

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 11:34 AM #362222

patb
Participant

[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 #362518

patb
Participant

[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 #362664

patb
Participant

[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 #362707

patb
Participant

[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 #362813

patb
Participant

[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 #362202

NotCranky
Participant

Is 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 #362498

NotCranky
Participant

Is 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 #362644

NotCranky
Participant

Is 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 #362687

NotCranky
Participant

Is 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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