03-20-2009, 05:20 AM
38 posts, read
201,744 times
Reputation: 29
Quote:
Originally Posted by
fallingwater
I used to be quite savvy with real estate yrs ago. Now, I dont know if IM coming or going. REO's are a big problem from where Im from so I was bit surprised that the REO's here are not bargaining. Back home, it was expected offers would be at least 20% lower than asking. We put an offer on a REO here and gave them exactly what they were asking. They countered back and said "What's your best best offer?" We were pissed and said that was it and walked away. I hate games. Talk to your realtor. 105k might offend but who knows. I cant make sense of anything here.
Good Luck!
ughh, it makes me so mad that your agent did not explain to you that it is normal for them to ask " is that your best offer"
03-23-2009, 02:54 PM
5 posts, read
23,017 times
Reputation: 10
Quote:
Originally Posted by
winters816
Hi I have made many bids on banked owned homes. Your bid was probobly fine, they always come back and ask you to make sure it is your best offer, it is a tactic. I hope you still put in your offer. You need to make sure you work with an agent who has experience in making banked owned offers, it makes a HUGE diff. I have been investing in real estate for many years and the best advice I can give you is if your not embarassed by your first offer then your not offering low enough. Keep trying it will happen!! There is no limit on the number of offers you can make if you feel your agent is not comfortable then shop for a new agent they get paid to work for you. Legally, you can ask to be present at time the offer is made, and if you have a timid agent then do that! These steps can save you thousands! Good luck!
Well, we went ahead and placed the bid on Friday morning. Friday evening the listing was changed to Contigent SI but we had no word...either that there was another offer placed or that ours was declined, countered or accepted. Sunday evening our realtor checked in with us and said that he still was getting no responses to his calls or emails but that it was likely that someone else bid on it and got it and they just didn't bother to tell us when we placed our bid. Now, they had until today (the 23rd) to let us know, its going on 4pm and we still have no word. I checked the MLS and NOW it is still listed as contigent but the price has gone UP!!! What?! what does that mean? did someone actually offer higher than the asking price??? This is unbelievable....it's one thing to not have gotten the house but I find it totally rude that they simply cannot call or email our agent to let us know! Is there no such thing as common courtesy anymore???
03-24-2009, 05:37 AM
38 posts, read
201,744 times
Reputation: 29
Well if you designate a time frame on your offer they must respond. I usually give 24-48 hours for them to give a response. I hope you find something.
03-25-2009, 02:08 PM
5 posts, read
23,017 times
Reputation: 10
Well, we didn't get it...duh!
Does anyone know how long a Contingent SI house usually stays that way before moving to Pending or Sold? One of the first ones we bid on (and we still kick ourselves for) is still listed as Contingent SI---we were told it was a cash offer (for 1000 less than our bid).
03-27-2009, 07:55 PM
Location: Elkhart, IN
311 posts, read
915,924 times
Reputation: 269
granger?
Quote:
Originally Posted by
twiggers
Thanks for the words of comfort jody! We just lowered today by 5K, we're hoping that helps to bring in some buyers! It's our first drop in price since we listed on 11/1....we didn't drop prior to this because we knew winter was just a bad time of year. So we'll see :-)
Hey Twiggers,
How are things going in Granger? Have you had any action on your house lately? Things are ticking along over here in Elkhart. I have been off the forum for a couple of weeks, just curious as to how you are doing~
03-27-2009, 07:59 PM
Location: Elkhart, IN
311 posts, read
915,924 times
Reputation: 269
Quote:
Originally Posted by
winters816
Well if you designate a time frame on your offer they must respond. I usually give 24-48 hours for them to give a response. I hope you find something.
That usually doesnt happen on short sales/REOs, at least in this area. I know of an agent in our office that has had an offer on a short sale house for over 3 mos and they still dont have an answer from the bank. Some banks are getting MUCH better at this and I have heard of some going through in as little time as a 10 days, unfortunately they are still in the minority.
03-28-2009, 07:06 AM
Location: Fort Worth, TX
168 posts, read
614,775 times
Reputation: 43
Jody....thanks for asking! We had an open house a couple weeks ago and only 1 person showed up. Other than that...nothing :-( We're getting ready to lower the price again!
05-01-2009, 07:32 PM
Location: Northwest Indiana
13 posts, read
70,569 times
Reputation: 30
Be patient
Quote:
Originally Posted by
winters816
ughh, it makes me so mad that your agent did not explain to you that it is normal for them to ask " is that your best offer"
You all have to realize that the banks are trying to get rid of properties.
If there is a problem most of the time it's the agents fault. Brokers are the ones who set the values of these homes for the banks in the first place. The banks sends a BPO(Broker Price Opinion) request to the broker's to determine a listing price. A good REO broker would know where to list the property initially before it hits the market. Most BPO agents think that if they give the bank a high value, they eventually will be able to get the listing for themselves. I work for an REO broker and we price our homes to move quickly. The banks are interested in brokers who sell homes quickly. There is a video post in another thread showing where banks are actually tearing down brand new homes because of the holding costs. There are plenty of clean REO's in move in condition on the market. Find yourself a good REO broker to assist you.
05-01-2009, 09:52 PM
5,696 posts, read
19,144,742 times
Reputation: 8699
wheew
Quote:
Originally Posted by
winters816
ughh, it makes me so mad that your agent did not explain to you that it is normal for them to ask " is that your best offer"
All is good. I havent been on here in a while but we finally purchased a house in Indiana. It was a stressful experience and I quickly realized our realtor was a ding dong.
I will never recommend her to anyone. But hubby and I are very happy with our home.
Im glad I wont be dealing with anymore home sellers!
05-02-2009, 01:27 PM
Location: north carolina
74 posts, read
200,266 times
Reputation: 61
Quote:
Originally Posted by
fallingwater
All is good. I havent been on here in a while but we finally purchased a house in Indiana. It was a stressful experience and I quickly realized our realtor was a ding dong.
I will never recommend her to anyone. But hubby and I are very happy with our home.
Im glad I wont be dealing with anymore home sellers!
Glad you have finally found something and I hope settling in goes well.
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Class of Workers - Employee of private company (%)
Class of Workers - Self-employed in own incorporated business (%)
Class of Workers - Private not-for-profit wage and salary workers (%)
Class of Workers - Local government workers (%)
Class of Workers - State government workers (%)
Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
House heating fuel used in houses and condos - Utility gas (%)
House heating fuel used in houses and condos - Bottled, tank, or LP gas (%)
House heating fuel used in houses and condos - Electricity (%)
House heating fuel used in houses and condos - Fuel oil, kerosene, etc. (%)
House heating fuel used in houses and condos - Coal or coke (%)
House heating fuel used in houses and condos - Wood (%)
House heating fuel used in houses and condos - Solar energy (%)
House heating fuel used in houses and condos - Other fuel (%)
House heating fuel used in houses and condos - No fuel used (%)
House heating fuel used in apartments - Utility gas (%)
House heating fuel used in apartments - Bottled, tank, or LP gas (%)
House heating fuel used in apartments - Electricity (%)
House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
Fatal accidents locations in 2005
Fatal accidents locations in 2006
Fatal accidents locations in 2007
Fatal accidents locations in 2008
Fatal accidents locations in 2009
Fatal accidents locations in 2010
Fatal accidents locations in 2011
Fatal accidents locations in 2012
Fatal accidents locations in 2013
Fatal accidents locations in 2014
Fatal accidents locations in 2015
Fatal accidents locations in 2016
Fatal accidents locations in 2017
Fatal accidents locations in 2018
Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)
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Good Luck!
Does anyone know how long a Contingent SI house usually stays that way before moving to Pending or Sold? One of the first ones we bid on (and we still kick ourselves for) is still listed as Contingent SI---we were told it was a cash offer (for 1000 less than our bid).
granger?
I will never recommend her to anyone. But hubby and I are very happy with our home. 
Im glad I wont be dealing with anymore home sellers! 
