So, I looked at place yesterday and tomorrow signing my offer. Never submitted an offer before. And so far no one else has submitted one either. The place was first listed Thursday at noon and seller won't be taking offers beyond Monday at noon. I told the realtor I was hoping for a wicked blizzard so no one wants to look at it over the weekend. My youngest daughter really likes it. Kind of neat. Of course, there is that chance I don't get it, but who knows.

Zero2Cool;452473So, I looked at place yesterday and tomorrow signing my offer. Never submitted an offer before. And so far no one else has submitted one either. The place was first listed Thursday at noon and seller won't be taking offers beyond Monday at noon. I told the realtor I was hoping for a wicked blizzard so no one wants to look at it over the weekend. My youngest daughter really likes it. Kind of neat. Of course, there is that chance I don't get it, but who knows.

I hope you get it! (If you really want it!)
Oh....and the only "Wicked Blizzard" you can have at this time of year is at Dairy Queen!😁
(I'm a BAD BOY!)😏

I'm sure your realtor has told you this but most houses are listed around Thursday and sell by Sunday these days, so hopefully, you'll know within a few days. When we sold we told everyone to have offers in by Sunday night and picked the best one on Monday morning.

A buddy of mine in Minneapolis just sold his place for slightly below asking, so the time of crazy offers and bidding wars may be starting to die down now.

Good luck!

earthquake;452476I'm sure your realtor has told you this but most houses are listed around Thursday and sell by Sunday these days, so hopefully, you'll know within a few days. When we sold we told everyone to have offers in by Sunday night and picked the best one on Monday morning.

A buddy of mine in Minneapolis just sold his place for slightly below asking, so the time of crazy offers and bidding wars may be starting to die down now.

Good luck!

I haven't seen any go that fast in the area I'm looking, it's been listed and then goes contingent 7-10 days later. That window is something I've been trying to be mindful of so if I find a place I like, I can act quick but smart.

I'm reading my offer letter now and I think I have to back out. This part freaks me out. I did not receive such recommendation. In fact, it was the opposite! lol
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Zero2Cool;452480I haven't seen any go that fast in the area I'm looking, it's been listed and then goes contingent 7-10 days later. That window is something I've been trying to be mindful of so if I find a place I like, I can act quick but smart.

I'm reading my offer letter now and I think I have to back out. This part freaks me out. I did not receive such recommendation. In fact, it was the opposite! lol
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Sadly waiving your right to an inspection is the common practice these days. You should talk to your real estate agent more about that. I imagine it's written that way in the offer because they are required to recommend it or something like that. A few years ago everyone got an inspection as part of the buying process, but demand has been so high that it's often dropped as buyers try to make competitive bids.

There are a couple of ways to approach that. You can get an inspection but waive your right to ask for any sort of remedy if there are problems that come up on the inspection (there always are, and often they are minor repairs). If you do it this way you'll have a chance to see if there are any major problems, like foundation issues that would be very expensive to repair. You'll still have the opportunity to back out at this point, though you may lose your earnest payment if you do so. We ended up asking for an inspection but had to waive the remedy rights, as our realtor said about the market in Denver "we have to beg them to take our gold plated money".

You can also ask for an inspection and your realtor will update the offer. With the market cooling down and you looking in an area where houses sell in the ~10-day range, this might be a reasonable strategy. Just bear in mind that if someone else comes in with the same offer but has waived their inspection right, the seller will likely go with them. So it depends on how quickly you're trying to get in a house, how much you want this house in particular, and how competitive you expect the other offers will be.

Your realtor should have gone over these options with you and explained the implications. If they haven't or are unwilling to do so, you may want to consider getting a different agent.

Zero2Cool;452480I haven't seen any go that fast in the area I'm looking, it's been listed and then goes contingent 7-10 days later. That window is something I've been trying to be mindful of so if I find a place I like, I can act quick but smart.

I'm reading my offer letter now and I think I have to back out. This part freaks me out. I did not receive such recommendation. In fact, it was the opposite! lol
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Wow. With the high cost of a house, who would want to drop that kind of cash without knowing what you are getting into. You might end up with repair costs that you didn't plan on.

earthquake;452482Sadly waiving your right to an inspection is the common practice these days. You should talk to your real estate agent more about that. I imagine it's written that way in the offer because they are required to recommend it or something like that. A few years ago everyone got an inspection as part of the buying process, but demand has been so high that it's often dropped as buyers try to make competitive bids.

There are a couple of ways to approach that. You can get an inspection but waive your right to ask for any sort of remedy if there are problems that come up on the inspection (there always are, and often they are minor repairs). If you do it this way you'll have a chance to see if there are any major problems, like foundation issues that would be very expensive to repair. You'll still have the opportunity to back out at this point, though you may lose your earnest payment if you do so. We ended up asking for an inspection but had to waive the remedy rights, as our realtor said about the market in Denver "we have to beg them to take our gold plated money".

You can also ask for an inspection and your realtor will update the offer. With the market cooling down and you looking in an area where houses sell in the ~10-day range, this might be a reasonable strategy. Just bear in mind that if someone else comes in with the same offer but has waived their inspection right, the seller will likely go with them. So it depends on how quickly you're trying to get in a house, how much you want this house in particular, and how competitive you expect the other offers will be.

Your realtor should have gone over these options with you and explained the implications. If they haven't or are unwilling to do so, you may want to consider getting a different agent.

We had a good phone call. It was a miscommunication. I was not black/white with getting a home inspection and she thought I said to skip it. Sometimes, phone calls are shit because things cut out. Anyhow, we talked this morning, she modified the offer for me to make sure my sweet booty is covered and I just signed it. So, now I wait.

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That was my realtor. Before I could prepare myself for the pending bad news, she called! I answered to "CONGRATS!"
my offer was accepted. So, end of September I'm gonna officially be one of those home owner people.

If momma could see me now ...

Zero2Cool;452490[attach]3766[/attach]

That was my realtor. Before I could prepare myself for the pending bad news, she called! I answered to "CONGRATS!"
my offer was accepted. So, end of September I'm gonna officially be one of those home owner people.

If momma could see me now ...

Awesome, congrats!

I am happy for you. Scarlet too.