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Old 04-20-2009, 12:53 PM
 
Location: Raleigh, NC
12,475 posts, read 32,236,574 times
Reputation: 9450

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The house I sold last week for $159,000 had TWO OFFERS come in after ours was accepted!

The house I sold 2 weeks ago for $360,000 was only on the market ONE DAY when we saw it and we IMMEDIATELY knew it was a great house for the money and EXACTLY what my buyers were looking for.

If the price is RIGHT and the house is WORTH IT, it will sell. The problem is that not all sellers understand "right price".

Vicki
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Old 04-20-2009, 01:12 PM
 
9,848 posts, read 30,277,957 times
Reputation: 10516
Quote:
Originally Posted by needcaffeine View Post
made our oral offer last night.
I'm not a realtor so take my advice for what's its worth, but I wouldn't waste time with verbal offers. If you like the house have your realtor draft up a written offer and submit it. If you are worried about timimg have your realtor call them to let them know a written offer is on its way. Even if the buyers had initially verbally agreed to your oral offer you would probably still have been burned by the people who submitted the better offer in writing. If it ain't in writing you don't have anything going but a conversation. Get it on paper so there is something to negotiate over.

Good luck with your search. I'm sure you will find your dream house soon.
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Old 04-20-2009, 01:14 PM
 
Location: Raleigh, NC
206 posts, read 596,655 times
Reputation: 100
Quote:
Originally Posted by North_Raleigh_Guy View Post
I'm not a realtor so take my advice for what's its worth, but I wouldn't waste time with oral offers. If you like the house have your realtor draft up a written offer and submit it. Even if the buyers had initially verbally agreed to your oral offer you would have still been burned by the people who submitted the better offer in writing. If it ain't in writing you don't have anything going but a conversation.

Good luck with your search. I'm sure you will find your dream house soon.
We had planned on making an offer this morning anyway. It was only verbal last night because they told us they had received another offer, and we told them our verbal offer would be followed by a written one this morning.

And thank you. Soon, I hope.
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Old 04-20-2009, 01:17 PM
 
9,848 posts, read 30,277,957 times
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Quote:
Originally Posted by needcaffeine View Post
We had planned on making an offer this morning anyway. It was only verbal last night because they told us they had received another offer, and we told them our verbal offer would be followed by a written one this morning.

And thank you. Soon, I hope.
I see, makes sense. Like others have mentioned ask your realtor to keep tabs on the lisitng for the house in case it pops back on the market. Ultimately things will work out for the best. Good Luck!
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Old 04-20-2009, 01:27 PM
 
93 posts, read 163,970 times
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Quote:
Originally Posted by VickiR View Post
If the price is RIGHT and the house is WORTH IT, it will sell. The problem is that not all sellers understand "right price".

Vicki
My opinion is if you are a buyer and think the house is not worth what is being listed, then you shouldn't pay that list price. If you can't reach a deal, then move on. You have plenty of inventory to choose from.
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Old 04-20-2009, 01:30 PM
 
Location: Raleigh, NC
206 posts, read 596,655 times
Reputation: 100
Size of inventory is directly proportional to how much you're willing to pay. In my budget (< $180K), the options are a lot more limited than if I had say a $240K budget (Why hello there... (http://www.realtor.com/realestateandhomes-detail/605-Latta-Street_Raleigh_NC_27607_1105017641 - broken link)).

Unfortunately, I still wouldn't buy the above home-- only 821 sqft.
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Old 04-20-2009, 01:48 PM
 
Location: Cary
387 posts, read 1,028,031 times
Reputation: 221
Quote:
Originally Posted by needcaffeine View Post

Unfortunately, I still wouldn't buy the above home-- only 821 sqft.
I don't blame you. The current owner paid $220K for it a year ago. And I am suspicious that the renevoations were done by the previous owner.

Choice location though.
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Old 04-20-2009, 01:50 PM
 
Location: Cary
387 posts, read 1,028,031 times
Reputation: 221
How about this one? My favorite house under 200K in a long time. It needs some TLC but you've got time for that.
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Old 04-20-2009, 01:55 PM
 
Location: Raleigh, NC
206 posts, read 596,655 times
Reputation: 100
Quote:
Originally Posted by Nelson919 View Post
How about this one? My favorite house under 200K in a long time. It needs some TLC but you've got time for that.
my interest is definitely piqued. could use different colors, etc, but we love doing that-- the whole personalization process. i guess i should call my agent and set up a date so i can forget about the girl that just dumped me.

i just realized that if you don't specify nearby areas on realtor.com, the cary homes don't show up in a raleigh search. doh.
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Old 04-20-2009, 09:00 PM
 
520 posts, read 1,626,102 times
Reputation: 86
If the price is too high today, wait a year, it will be lower.

600,000 jobs a month our country is shedding. With competition from other countries, what is the real future of our country? Any improvements done NOW to make todays kids smarter and more competitive in the global marketplace won't show up for 15 years. I hate to say it, but many of the kids in our country aren't that bright. Foreign countries do a better job raising smarter kids.

With the price of lumber and much of the building supplies 1/2 of what they were during the housing mania, why not try to find a good deal on land? Many of the builders that competed with each other
in buying up land or land options now need to dump it. As some of them go out of business hopefully their land will get sold for pennies on the dollar. Sounds like two cases for much cheaper new housing in the future.
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