As a Realtor in NJ, I do not instruct Buyers to write a personal note and ask Sellers not to let it sway their decision if one is presented with an offer.
Too many opportunities to discriminate and violate Fair Housing regulations.
Maria
I totally disagree that it discriminates or violates any Fair Housing Regulations. The personal note is just one piece of the offer, and it is to be presented to the seller as just one aspect (piece) of the actual offer. What the seller decides to do with it is his/her up to the seller and NOT up to the Real Estate Agent. It's the Agent's responsibility to present all written offers to the seller.
They wanted to give my mother a pacemaker at age 94 and we declined, mostly because she seemed to have lost her mind after anesthesiaAgree. I like to make my own decisions. I will listen carefully to what the professionals (Doctors, Lawyers, Financial Advisors, RE Agents, etc.) say then make my own decision as to how I will proceed. There are so many times in my life I have done this to my benefit. The most startling was about 40 years ago when my then Cardiologist insisted I needed a pacemaker. After doing my own research I politely declined. Just say it is now 40 years later, I am now 85 years old and still trucking...
George
So sorry Sugarcubesea. I was rooting for you to get this house. Now I am sending positive thoughts to you that your house sells quickly and for a good amount of money so your life plans can become a reality. Hang in there. The perfect place is out there just waiting for you to find it.
Best,
Anita
So sorry you lost out on that house. Something better is coming your way. That house was not supposed to be yours. I know, I know, that sounds so empty, but I am hoping it's true.
Many years ago I asked my sister to pray about a potential move. I always chuckle when I remember she prayed: "Please let the door swing wide open, or let it slam in her face." Sounds like this was a slam in your face kind of reply.Thanks so much... I'm still blown away that this offer came in from no where and was all cash and they waived all inspections... I would never waive a well and septic inspection as those are costly if not properly maintained.
Well, if misery loves company, you have a LOT of company, Sugarcubesea. I just saw this about the Boise market (below).
I don't know about that. HVAC has run higher than any septic or well maint I have ever had to do. Roof, too.Thanks so much... I'm still blown away that this offer came in from no where and was all cash and they waived all inspections... I would never waive a well and septic inspection as those are costly if not properly maintained.
Our market is not your market so ymmv but here is what is happening here. A fixer went on the market and had 28 full price or higher CASH offers. It was priced super low to get everyone into a buying frenzy. It sold for about 20% above asking - to one of the cash offers. (We have friends trying to buy right now so we get all of the juicy details). Cash is king.
Many years ago I asked my sister to pray about a potential move. I always chuckle when I remember she prayed: "Please let the door swing wide open, or let it slam in her face." Sounds like this was a slam in your face kind of reply.
The market is crazy all over right now - I think because of interest rates and I wonder about the effect of airbnb's taking inventory out of both the rental and buyers markets.
The house that I mentioned above finally closed and the actual sales price was $688k - all cash. The asking price was $600k. The house is like a 1970's museum - all original finishes. Completely nuts but there were so many offers!
@Sugarcubesea I think that your luck will change once your house is on the market - and in this market you should be able to sell quickly. Keep your chin up - good things are ahead for you.
I don't know about that. HVAC has run higher than any septic or well maint I have ever had to do. Roof, too.
I agree on not waiving inspection, but, depends on the purpose for buying the house. If it's to flip, they'll deal with whatever they find. If it's to live in, doubt they'd waive inspection of critical services.
Thanks so much... I'm still blown away that this offer came in from no where and was all cash and they waived all inspections... I would never waive a well and septic inspection as those are costly if not properly maintained.
Klpca, thanks, I'm feeling pretty low and defeated right now... I'm a very upbeat and positive person by nature. When I started in the automotive industry some 30 years ago my managers and colleagues always called me sunshine.
Since we were buying the house to live in, I will not waive having an inspection.
I am joining the madness in home buying. We have decided to move out of our 2850 sq ft penthouse condo in North Shore to a 3650 sq ft single family home in South Shore in our community. We are making an offer on a house at full asking price tomorrow and then list our current home for sale. Getting the funds to pay for the new home before selling ours makes it a little challenging. Our money manager got their banking person to get us on something called Mortgage 100. Essentially we do not need to put any down payment on the loan. The loan is against our investment portfolio but treated as a traditional mortgage. 2 and 7/8 percent for 30 years and we will pay off as soon as we get our home sold.
LOL. I know, crazy right? We went from 4600 sq ft home including a building a sunroom and an indoor pool to our now 2850 sq home. I am getting a little bit of cold feet this morning after I read a housing prediction that housing prices will drop 7 to 8% in our area next year due to the high unemployment rate. I don't want us to be stuck with 2 homes if we cannot sell ours. Our carrying cost is very high partly because of high HOA fees on both the homes. I spoke with my husband this morning that maybe we should sell our home first and then do a quick buy after our home goes into escrow. Worst case we can rent for a few months but then we have humongous amount of furniture and stuff which will have to go into storage.Wow! Upsizing instead of downsizing! Best of luck!
I would definitely sell first in this hot market. There's no way that I would ever want to carry two mortgages. If the market changes you might have to do something drastic like selling at a steep discount to get out from under the second mortgage. Price your place competitively and move it quickly then you can find another house (hopefully, lol).LOL. I know, crazy right? We went from 4600 sq ft home including a building a sunroom and an indoor pool to our now 2850 sq home. I am getting a little bit of cold feet this morning after I read a housing prediction that housing prices will drop 7 to 8% in our area next year due to the high unemployment rate. I don't want us to be stuck with 2 homes if we cannot sell ours. Our carrying cost is very high partly because of high HOA fees on both the homes. I spoke with my husband this morning that maybe we should sell our home first and then do a quick buy after our home goes into escrow. Worst case we can rent for a few months but then we have humongous amount of furniture and stuff which will have to go into storage.