Originally Posted by
Cranberry
http:///forum/post/3265100
It's torture, right? The open house was yesterday... we know there are other offers.... Somebody end my agony!!!!
There was another one we really wanted, but they are high balling it. We were willing to pay full price, to then find out it will not meet that value in the appraisal. It's the "big house on the block" so when you look at comparisons to base a appraisal on, this house looks crazy priced. They added on like 500 square feet... and now it's working against them price wise.
We lost out on the multi bid deals. It really depends, we kinda didn't expect to win on those because we didn't go in above asking price which is usually what it takes to win. We were pre approved and were flexible on closing etc. so we just took a shot. We ended up with a place 1200 feet from the other one. I had my eye on it for months and just waited until we had exhausted all the other options we had been looking at. We got them down about 4% over their priced reduction which was a pretty good deal.