Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
There's a house on the market, owned by a RELO, that has sat for many months due to overpricing.
We put a bid in on it on Monday PM and received a counter on Tuesday. With the counter on Tuesday we were faxed an email from the RELO that "we don't want to lose this one!". We countered it Tuesday PM, and haven't heard back. The counter is within 10K of it (live in SW Fl where everyone is trying to sell their home). Their original price was $182.9K- we put in an offer of $178K with $8K for closing costs, they came back with $180K and 3% for closing (which comes to $5,400). We countered back with their $180K, but still the $8K in closing, which is only $2,600K more than they countered that they would give.
My realtor and the realtor for the RELO have spoken many times. Supposodly the offer is on the supervisor's desk just waiting for approval.
My realtor seems to think they're accepting it, because the counter was very quick and if htey were just going to counter again, they would have done it by now.
Today is the 3rd day without any word from the RELO (have been exchanging with the realtor). My realtor says this may be normal with a RELO company.
He thinks we should hear word by today because they probably won't want to let the weekend go by without telling us anything- perfect opportunity to go look at other properties and bid elsewhere.
Calm down, take a deep breath, and start to get finances together.. Unless someone else came into the equation with other offers. Yes, it happens every time..
In my area, 3-5 days is considered normal, in this market. Relo compoany-owwned homes are some of the best buys as they are usually in terrific shape and there is no emotion in the transaction.
I agree completely. Great buys. The relo companies are actually not doing as many buy backs right now because of slower markets, so if you find a relo owned one, they're usually pretty driven to get it off their books.
I do a lot of relo and they usually respond pretty quickly. It takes a little longer to get the deal done, but MOST of the time they're good in responding
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Unless someone else came into the equation with other offers. Yes, it happens every time..
