My home went up and got 45 groups the first weekend at the open house and 5 offers. We took highest and best. They were all cash and wrote a heartfelt letter about growing their family there. Then they found a different house in a cheaper suburb and backed out before earnest money kicked in.
Second round, we chose the next best offer and before we could notify them they upped their offer 10k. We accepted. They saw inspections and everything from previous buyers before offering and then backed out citing things they had seen before offering. (The roof is not failing, but it’s older. Again, that was disclosed.) Again they kept the earnest money.
So now two have backed out and it makes it look like there’s something wrong with our house when there isn’t. If we even get another offer I’m afraid they’ll be spooked and back out again just for this reason. I can’t take this, I’m moving across the country to care for a family member with cancer. What should I look for in an offer that says “hey Im not going to be a flake and screw you again?”
What should I look for in a buyer?
byu/themightytod inRealEstate
Posted by themightytod
4 Comments
Highest and best
The best offer is going to be a pass/fail inspection or a waived inspection. It sounds like that ship has sailed though, no one should submit an offer on a house with two deals backing for any reason.
Cash vs mortgage doesn’t make a whole lot of difference of money in your pocket. It’s a faster close and one less intrusion (appraisal) but don’t look at cash offers as gold. If they have cash to buy your house, they have cash to buy anyone’s house.
non-refundable money.
Keep the earnest money