kittybean
Ideal_Rock
- Joined
- May 2, 2008
- Messages
- 4,125
NEL, thanks for the words of comfort. I''ve been watching a lot of HGtv, and they say never to fall in love with a house, there are always more out there, but this one had been on the market for almost 6 months with no offers, and pretty much everything I like, no matter how long it''s been sitting, gets snapped up as soon as I develop an interest.Date: 11/10/2009 5:34:37 PM
Author: NewEnglandLady
Trillionaire, ugh, what a kick in the you-know-whats. Such a crappy feeling, I''m really sorry. I hate it when you tell yourself you won''t get excited, but then you do anyway because you can''t help it--then when you find out your offer is rejected it sort of feels like somebody punched you.
I can also relate to being excited about a house that isn''t in your ideal area--we did that last week. By the time we put the offer in, I felt like I''d completely accepted the area (and am still looking at houses in that area). Truth be told, however, since our offer was rejected I''ve been looking more heavily at the areas we know we want to be in. I do believe things always work out for the best, so maybe this is an opportunity to explore the areas you love again. I don''t know, maybe I''m reaching here, haha. Or just trying to make myself feel better since I''m really frustrated with the process.
In any case, have your spiked hot chocolate and hopefully soon you can start the search again. We''re all hanging on for the ride!
I find it uncanny how a house can sit for months and then as soon as you become interested, it gets snapped up. That is exactly what happened to us a month or two ago and my reaction was "well of COURSE there is an offer placed on it the same weekend we see at and decide to put in an offer".Date: 11/11/2009 1:11:17 AM
Author: trillionaire
NEL, thanks for the words of comfort. I''ve been watching a lot of HGtv, and they say never to fall in love with a house, there are always more out there, but this one had been on the market for almost 6 months with no offers, and pretty much everything I like, no matter how long it''s been sitting, gets snapped up as soon as I develop an interest.Date: 11/10/2009 5:34:37 PM
Author: NewEnglandLady
Trillionaire, ugh, what a kick in the you-know-whats. Such a crappy feeling, I''m really sorry. I hate it when you tell yourself you won''t get excited, but then you do anyway because you can''t help it--then when you find out your offer is rejected it sort of feels like somebody punched you.
I can also relate to being excited about a house that isn''t in your ideal area--we did that last week. By the time we put the offer in, I felt like I''d completely accepted the area (and am still looking at houses in that area). Truth be told, however, since our offer was rejected I''ve been looking more heavily at the areas we know we want to be in. I do believe things always work out for the best, so maybe this is an opportunity to explore the areas you love again. I don''t know, maybe I''m reaching here, haha. Or just trying to make myself feel better since I''m really frustrated with the process.
In any case, have your spiked hot chocolate and hopefully soon you can start the search again. We''re all hanging on for the ride!![]()
And I can completely relate to rationalizing the area where a home is, but my parents were not pleased when I told them the area, and I was almost embarrassed to tell our local friends where we were trying to buy. I did LOVE the home, and would have dealt, but I will NOT be looking in that area anymore. There are nicer parts, but I don''t want to fall in love with anything else that is going to make me second guess myself. So, back out tomorrow to start from scratch.
On the upside, I find it VERY romantic and sexy that FI is working so hard to buy me my dream home. (I say buy me my dream home because I am moving to his area and don''t have a job yet, and he''s totally deferring pretty much everything to what I want, as long as there is a garage for his motorcycle.) I literally found the place, and told him about it, and by then, he knew I loved it, so he just walked through and said, ''Let''s do it!'' He''s really letting me take the lead on this, and I find it pretty irresistable!![]()
I was sad to hear we didn''t get it, because I knew he felt a little like he couldn''t get the house for me![]()
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Well, lots of House dust to you! I hope you find your perfect home, and I''ll try to temper my own expectations in the future, but if I''m being honest, I''m still heartbroken over a hat I didn''t buy a month ago and sold before I got back to the store. It was THE most amazing hat though... promise!![]()
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Date: 11/11/2009 1:25:49 PM
Author: brooklyngirl
Greetings fellow house hungers![]()
My DH and I live in the Bay Area, and we''ve been in the market for a house since early this summer. The market here has been extremely frustrating so far. We''ve put in 6 offers so far, and all the homes have ended up selling for tens of thousands above asking (sometimes over 100k), and way out of the range that we''re comfortable paying. A good chunk of those were CASH offers![]()
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So, here we are, still searching, and I''m starting to feel defeated about the whole thing. Bah! Hopefully we''ll find something soon.
Trillionaire I know how you feel about losing a house you were attached to. I did that once as well, and I was upset for about a week. I no longer get attached to houses.
Fortunately the market where I am looking is a little more forgiving, but I am frustrated that I second-guessed myself. I wanted to offer more than the asking price, (only 5K, nothing big) in case there were other offers, but my realtor talked me out of it. He had talked to the other agent about 36hrs before, and there were no offers. I should have followed my gut, a lot can change over 36hrs in real estate. It might not have made a difference, but I would have felt like we gave it our best shot. I was out looking at homes again today, and it was so depressing. I feel pretty irrational being so emotionally involved in a house, but you know how you are just supposed to ''know'' when you find your house? I just ''knew''. And it doesn''t help that it is gloomy and miserable out today. I just want to climb back into bed. I did go to the library... maybe I''ll curl up with a book and the dog.Date: 11/11/2009 1:37:06 PM
Author: neatfreak
Date: 11/11/2009 1:25:49 PM
Author: brooklyngirl
Greetings fellow house hungers![]()
My DH and I live in the Bay Area, and we''ve been in the market for a house since early this summer. The market here has been extremely frustrating so far. We''ve put in 6 offers so far, and all the homes have ended up selling for tens of thousands above asking (sometimes over 100k), and way out of the range that we''re comfortable paying. A good chunk of those were CASH offers![]()
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So, here we are, still searching, and I''m starting to feel defeated about the whole thing. Bah! Hopefully we''ll find something soon.
Trillionaire I know how you feel about losing a house you were attached to. I did that once as well, and I was upset for about a week. I no longer get attached to houses.
Oh I sympathize! We just bought a house in the East Bay and it is the same thing around here. Didn''t anyone around here get the memo that it is supposed to be a buyer''s market???![]()
But we did finally find one and we are just thankful for the price we paid-some of our neighbors paid double what we paid!
where I am, things are going at, above and below the asking price, depending on the property. I makes it difficult to know what to do. The house we put in the offer for was selling for less than 50% of what it sold for in 2006, for perspective. It was still priced below market value, so even if we paid slightly above asking, we would have been getting a great deal.Date: 11/12/2009 10:37:21 AM
Author: anchor31
It''s crazy how the market varies from area to area. So far, where we''re looking houses are selling 1%-5% below asking. It doesn''t give us as much negociating power than we would like, but at least they''re not selling above asking!
We''re going to look at more house this weekend too, but my expectations are not too high either. Since the house we saw last weekend and liked has everything we''re looking for (except for a garage, but we can buy one of those Tempo car shelters), we''ll most likely end up making an offer next week.
Good luck and lots of dust to everyone!
Date: 11/13/2009 10:59:07 AM
Author: geckodani
See me banging my head on my desk. Apparantly the perfect house DOES have an offer pending. The listing agent did not change the status. My realtor told him he has until the end of the day before she reports him.
I'm so sick of people not following the rules!!!!
It's such a f&#%$&^ tease!!!!
The bank has changed the lockbox. The house is no longer showing.Date: 11/13/2009 11:04:22 AM
Author: neatfreak
Gecko I am so sorry. BUT...can I ask why you can't put in an offer too? Often the way SS's work is that an offer is submitted to the bank...but then they still keep collecting offers after that and ALSO submitting them to the bank. The bank wants as many offers as possible so if they do decide to ultimately approve the short sale they can have their choice of offers. Plus, during this long process, people lose interest, find another house, etc. So almost always the sellers encourage people to put in other offers...
The seller's agent doesn't really seem to understand how short sales go down if they aren't collecting more offers still. Otherwise she/he may be waiting for MONTHS to hear back on an offer and then what if the original party loses interest? Then they start all over again? Doesn't make sense.
We're doing all 12 in one shot! Well, 11 now. We've done it before, it usually doesn't take long with some of them to know if they are duds, or if they warrant closer scrutiny. We shall see.Date: 11/13/2009 12:25:38 PM
Author: NewEnglandLady
Gecko, oh my lordy, 12 houses?? I get to the point where I mix them up around 6. Hopefully you're splitting those up into 2 days or you're going to spend 8 hours looking at homes! But even if you come away really loving one of them, it would be worth it!
Our realtor got very ambitious this weekend, too, but we only have 4 on the list. The issue is that three of them need some work--one needs minor work (maybe refinish the floors, update kitchen countertops, etc.), one seems to need a medium amount of work (the listing just says 'needs TLC' but the outside looks very nice...) and one needs A LOT of work. As in we'd need to hire a contractor to assess the amount of work before bidding and that is just not appealing to me. The fourth house doesn't need work, but I don't love the lot. It is literally across the street from the house we loved and missed out on, but it sort of sits on a decline, so you can't see the ocean at all (unless you go up to the widow's walk). The only house I think I might have interest in is the house that need a medium amount of work, but I won't really know until we get in there. Also, it's overpriced and has only been on the market for 3 days, so there's that...
All of these homes are in the town we want to be in (none in the town where we made the offer last week), but we might walk away from this weekend wanting to put in a higher bid on the other house...maybe that is our realtor's plan
Good luck this weekend, Gecko! I'm also interested to hear what is happening with the SS house, especially since (as NF said) you should be able to submit multiple offers...
Date: 11/13/2009 12:26:04 PM
Author: geckodani
Date: 11/13/2009 11:04:22 AM
Author: neatfreak
Gecko I am so sorry. BUT...can I ask why you can't put in an offer too? Often the way SS's work is that an offer is submitted to the bank...but then they still keep collecting offers after that and ALSO submitting them to the bank. The bank wants as many offers as possible so if they do decide to ultimately approve the short sale they can have their choice of offers. Plus, during this long process, people lose interest, find another house, etc. So almost always the sellers encourage people to put in other offers...
The seller's agent doesn't really seem to understand how short sales go down if they aren't collecting more offers still. Otherwise she/he may be waiting for MONTHS to hear back on an offer and then what if the original party loses interest? Then they start all over again? Doesn't make sense.
The bank has changed the lockbox. The house is no longer showing.
ETAA: Here's the email from our realtor: 'Well, nothing happened to this one-it’s still pending! Apparently the agent doesn’t even have access to the house now. The bank came in and changed the lockbox.
I was really upset when I found this out and told the listing office if they don’t change the status I’m reporting them to the board. It’s a bunch of crap that they continue to “tease” us with an active status. I told the office I’m keeping my eye on the listing; if it’s not changed by today I’m definitely calling the board.'
Date: 11/13/2009 12:50:26 PM
Author: neatfreak
Just so you know the listing office may still have it as active because they are dealing with the clients and the bank is not their client. If their clients (the owners) still own the house and are desperately trying for a SS-the listing may still be active even though the bank is taking steps to foreclose. So if the bank changed the lockbox it usually means they are foreclosing on the property-NOT that they are moving ahead with a SS. The bank doesn''t ''own'' the house until they foreclose on it-so my guess is that is what is happening...
Date: 11/13/2009 2:09:32 PM
Author: geckodani
Date: 11/13/2009 12:50:26 PM
Author: neatfreak
Just so you know the listing office may still have it as active because they are dealing with the clients and the bank is not their client. If their clients (the owners) still own the house and are desperately trying for a SS-the listing may still be active even though the bank is taking steps to foreclose. So if the bank changed the lockbox it usually means they are foreclosing on the property-NOT that they are moving ahead with a SS. The bank doesn''t ''own'' the house until they foreclose on it-so my guess is that is what is happening...
The whole think makes my head hurt.![]()
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Ugh. I''ll ask her tomorrow. I honestly don''t really want to deal with it. And since my realtor talked with the listing agent earlier, and basically threatened to report him/her I doubt they''d be all that forthcoming. We''re going to go see our 11 tomorrow... and I''m going to try to avoid falling in love with any short sales!!!Date: 11/13/2009 10:24:27 PM
Author: neatfreak
Date: 11/13/2009 2:09:32 PM
Author: geckodani
The whole think makes my head hurt.![]()
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ITA! Short sales are a total pain in the butt especially if you are working with an agent that doesn''t have a lot of experience with SS''s.
Has your agent contacted the listing agent herself? I bet she could get the real scoop if she did...and if it is going into foreclosure you''d want to know because they might relist it as a foreclosed house-which is actually MUCH easier to deal with than a SS.