Will an offer contingent on the sale of the buyer’s home be accepted?

[JustLurking]

I suppose it depends on how desparate the seller is, and how much you are willing to overpay for the house. I think it is unrealistic to expect someone to accept a “low” offer with a home sale contingency. Sellers in that price range will consider any realistic offer a low offer. Homes in that price range are seriously levitating right now. That could change in the next 6 months, but I think it will take longer than that.

[patb]

i just sold my house, and it was initially contingent on the
buyers listing their house for a certain price, and they had
90 days to sell.

now personally i was glad to take the offer, it got me out, and
we go to close the 19th, so, what the heck. I’m out of my
wonderful 4.875 mortgage.

i just didn’t want to run a rental property. and i’ve got my equity out.

assuming the dollar doesn’t collapse

[patb]

i just sold my house, and it was initially contingent on the
buyers listing their house for a certain price, and they had
90 days to sell.

now personally i was glad to take the offer, it got me out, and
we go to close the 19th, so, what the heck. I’m out of my
wonderful 4.875 mortgage.

i just didn’t want to run a rental property. and i’ve got my equity out.

assuming the dollar doesn’t collapse

[patb]

i just sold my house, and it was initially contingent on the
buyers listing their house for a certain price, and they had
90 days to sell.

now personally i was glad to take the offer, it got me out, and
we go to close the 19th, so, what the heck. I’m out of my
wonderful 4.875 mortgage.

i just didn’t want to run a rental property. and i’ve got my equity out.

assuming the dollar doesn’t collapse

[patb]

i just sold my house, and it was initially contingent on the
buyers listing their house for a certain price, and they had
90 days to sell.

now personally i was glad to take the offer, it got me out, and
we go to close the 19th, so, what the heck. I’m out of my
wonderful 4.875 mortgage.

i just didn’t want to run a rental property. and i’ve got my equity out.

assuming the dollar doesn’t collapse

[patb]

i just sold my house, and it was initially contingent on the
buyers listing their house for a certain price, and they had
90 days to sell.

now personally i was glad to take the offer, it got me out, and
we go to close the 19th, so, what the heck. I’m out of my
wonderful 4.875 mortgage.

i just didn’t want to run a rental property. and i’ve got my equity out.

assuming the dollar doesn’t collapse

[george]

[quote=JustLurking]I suppose it depends on how desparate the seller is, and how much you are willing to overpay for the house. I think it is unrealistic to expect someone to accept a “low” offer with a home sale contingency. Sellers in that price range will consider any realistic offer a low offer. Homes in that price range are seriously levitating right now. That could change in the next 6 months, but I think it will take longer than that.[/quote]

Agree that it could take longer than 6 months for the higher-end to decrease. Will wait if we have to, but I’m buoyed by the fact that SD LookUp is showing 310 properties for sale in RSF. That’s the highest I’ve seen it in the last 18 months.

[george]

[quote=JustLurking]I suppose it depends on how desparate the seller is, and how much you are willing to overpay for the house. I think it is unrealistic to expect someone to accept a “low” offer with a home sale contingency. Sellers in that price range will consider any realistic offer a low offer. Homes in that price range are seriously levitating right now. That could change in the next 6 months, but I think it will take longer than that.[/quote]

Agree that it could take longer than 6 months for the higher-end to decrease. Will wait if we have to, but I’m buoyed by the fact that SD LookUp is showing 310 properties for sale in RSF. That’s the highest I’ve seen it in the last 18 months.

[george]

[quote=JustLurking]I suppose it depends on how desparate the seller is, and how much you are willing to overpay for the house. I think it is unrealistic to expect someone to accept a “low” offer with a home sale contingency. Sellers in that price range will consider any realistic offer a low offer. Homes in that price range are seriously levitating right now. That could change in the next 6 months, but I think it will take longer than that.[/quote]

Agree that it could take longer than 6 months for the higher-end to decrease. Will wait if we have to, but I’m buoyed by the fact that SD LookUp is showing 310 properties for sale in RSF. That’s the highest I’ve seen it in the last 18 months.

[george]

[quote=JustLurking]I suppose it depends on how desparate the seller is, and how much you are willing to overpay for the house. I think it is unrealistic to expect someone to accept a “low” offer with a home sale contingency. Sellers in that price range will consider any realistic offer a low offer. Homes in that price range are seriously levitating right now. That could change in the next 6 months, but I think it will take longer than that.[/quote]

Agree that it could take longer than 6 months for the higher-end to decrease. Will wait if we have to, but I’m buoyed by the fact that SD LookUp is showing 310 properties for sale in RSF. That’s the highest I’ve seen it in the last 18 months.

[george]

[quote=JustLurking]I suppose it depends on how desparate the seller is, and how much you are willing to overpay for the house. I think it is unrealistic to expect someone to accept a “low” offer with a home sale contingency. Sellers in that price range will consider any realistic offer a low offer. Homes in that price range are seriously levitating right now. That could change in the next 6 months, but I think it will take longer than that.[/quote]

Agree that it could take longer than 6 months for the higher-end to decrease. Will wait if we have to, but I’m buoyed by the fact that SD LookUp is showing 310 properties for sale in RSF. That’s the highest I’ve seen it in the last 18 months.

[george]

[quote=patb]i just sold my house, and it was initially contingent on the
buyers listing their house for a certain price, and they had
90 days to sell.

now personally i was glad to take the offer, it got me out, and
we go to close the 19th, so, what the heck. I’m out of my
wonderful 4.875 mortgage.

i just didn’t want to run a rental property. and i’ve got my equity out.

assuming the dollar doesn’t collapse[/quote]
Congrats! Did they gave a total of 90 days to close, or did you tack on an extra 90 days to the typical 30 day close?

[george]

[quote=patb]i just sold my house, and it was initially contingent on the
buyers listing their house for a certain price, and they had
90 days to sell.

now personally i was glad to take the offer, it got me out, and
we go to close the 19th, so, what the heck. I’m out of my
wonderful 4.875 mortgage.

i just didn’t want to run a rental property. and i’ve got my equity out.

assuming the dollar doesn’t collapse[/quote]
Congrats! Did they gave a total of 90 days to close, or did you tack on an extra 90 days to the typical 30 day close?

[george]

[quote=patb]i just sold my house, and it was initially contingent on the
buyers listing their house for a certain price, and they had
90 days to sell.

now personally i was glad to take the offer, it got me out, and
we go to close the 19th, so, what the heck. I’m out of my
wonderful 4.875 mortgage.

i just didn’t want to run a rental property. and i’ve got my equity out.

assuming the dollar doesn’t collapse[/quote]
Congrats! Did they gave a total of 90 days to close, or did you tack on an extra 90 days to the typical 30 day close?

[george]

[quote=patb]i just sold my house, and it was initially contingent on the
buyers listing their house for a certain price, and they had
90 days to sell.

now personally i was glad to take the offer, it got me out, and
we go to close the 19th, so, what the heck. I’m out of my
wonderful 4.875 mortgage.

i just didn’t want to run a rental property. and i’ve got my equity out.

assuming the dollar doesn’t collapse[/quote]
Congrats! Did they gave a total of 90 days to close, or did you tack on an extra 90 days to the typical 30 day close?

[Author]

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