I got ****ed out of the house I wanted to buy!! Damnit!!

[stayinstacked]

This straight burns my ass. My fiance and I have been shopping for a house now for the past few months. Anyways, to make a long story short we have to purchase one within the next month before we get married, because we can get a better interest rate if we just use my credit score, and as soon as we marry it's reported as combined household income and they'll **** me every which way from Sunday on the rate. So we finally find this killer house. I mean this pad was nice, Charleston style house with a big wrap around porch, huge fenced in yard, tons of Sq. footage, etc etc. My girl was dead set on this house, and I liked it alot as well. Ok, here comes the daily Stayinstacked bend-me-over ****ing surprise. The thing has been on the market for 80 days w/out one offer. We were heading back this morning to make an offer, and 5 minutes from the house the realtor gets a call from the seller agent and come to find out some dipshits from Texas, whom have never even seen this thing in person decided to put in an offer, which was accepted. Ok, so I figure we just bid listing price and see what comes of it. No, the stupid dickheads take the contingency out of the ****ing contract(why would anybody want another offer for more money? Geez, thats not smart, DUH!!!) so we can't even bid on the God damn thing!!!! It was definitely fishy the way it went down, the people from Texas had to have been personal freinds with the selling agent. But what a way to **** your client in the ass by convincing them to remove a contingency which may yield them more money. And to top the thing off, the stupid ass agent shows up anyways to meet with us, just to tell us no, when he could have over the phone.

[firmechicano831]

Well I'm a realtor from California and sold over 30+ houses last year. If you liked the house on the first day you saw it, you should have made and offer that same day. Now your agent should have contacted the listing agent in the first place for him to show the property and ask him if he had any offers. Now as soon as you liked the house he should have called the sellers agent back and should have told them that you guys liked the house and were planning on writting and offer and if he got an offer on the mean time to contact him. It looks to me like you or your agent were at fault here. You didn't understand each other or weren't ready to decide right away. One of you two dropped the ball.

[Hackamaniac]

damn that sucks bro sorry to hear that

[Myka]

thats pooey stanyin

[~fuelforfire~]

lol sorry just laughing because of the other thread, but seriously man, that sucks i know how you feel, happened with a car i wanted

[ShnouzedUp]

just wasn't meant to be man, everything will be alright.

[RussianVodka]

Relax dude, house market is going down, you will find better house for less money. In my zip code prices droped down up to 20K

[SwoleCat]

Everything happens for a reason brutha.

~SC~

[spound]

Everything happens for a reason brutha.

~SC~

Words of wisdom right there

I live by that phrase.

[novicenovicen]

The housing market will face a severe drop in value about 2010. at that time 70% of americans will be over 70 years of age. Its a statistic many prospectors are memorising. When the crash happens invest.

[thedoctordavo]

I agree with firmechicano831. I'm also a Realtor in Arizona though, and it would deffinatly seem as if your agent dropped the ball a little.

Novicenovicen, thats an interesting prediction your making. What is making you feel as this would be the case? I'm a little unsure of the fact of 70% being over 70 in 4 years... seeing as how the babyboomers will be between 45-65 roughly, and the echoe boomers around this same time will be reaching more typical first time purchasing ages of 20-30. But I do find this thoery interesting. Please elaborate if you don't mind.

[DamnYouMSN]

Words of wisdom right there

I live by that phrase.

hMMm i rather think it's "freewill" than "everything happens for a reason"

[novicenovicen]

The theory of baby booming starts from the year 2010-2020. saying this will be the largest cooling off period in american housing history. It is being compared to what happened in Japan in 1979. The baby boomers have more real estate than the generation below them, and the generation below that. Financial advisers have speculated that by 2010 as the oldest baby boomers leave their jobs, die, go to nursing homes etc..... thier children will begin to sell their parents homes to pay for their parents health and welfare. Or some may trade homes with their parents and sell theirs. The problem herin lies with the fact that the baby boomers have property, their children (who # less than the parents) have property, and the children of the youngest generation will be getting into owning property. Basically their will be more property than demand. Speculation also goes as far as to say.....

[novicenovicen]

That rising consumer prices, albeit oil, gas (natural and pump), electrcity, grocery will cause a trade in of large homes in the suburbs, or country, to smaller more luxurios homes in/ closer to the city. The moving influx will create small demand in city properties and flush demand of homes farther and farther from the work place.

[novicenovicen]

That is a little bit longer in explanation. Will it suffice?

[thedoctordavo]

Yes sir, it's a very interesting concept and I agree, I believe we are alread yseeing this begin to happen, in some parts of the country. I think it will be very interesting to see how this will turn out in diffrent parts of the country. E.G. I would have to believe it would have a much diffrent effect on the Mid-west as it would on the Southwest. Thank you for elaborating a bit more on this concept it makes sense so I believe I may look into it a bit more myself as well.

[novicenovicen]

You are welcome.

[jef]

happens all the time...i've seen things on the market for 6 months then all of the sudden; there's 3+ offers on the home...I don't know what causes this. the market is hot, interest rates are rising and people are moving...maybe they'll jump out because of a home inspection contingency or something. If you're really interested, tell you agent that you want to amend your offer to the best you're willing to go and you want to be in a back up position should something fail with the offer that is accepted.

[stayinstacked]

Well I'm a realtor from California and sold over 30+ houses last year. If you liked the house on the first day you saw it, you should have made and offer that same day. Now your agent should have contacted the listing agent in the first place for him to show the property and ask him if he had any offers. Now as soon as you liked the house he should have called the sellers agent back and should have told them that you guys liked the house and were planning on writting and offer and if he got an offer on the mean time to contact him. It looks to me like you or your agent were at fault here. You didn't understand each other or weren't ready to decide right away. One of you two dropped the ball.

I can understand where your coming from, and the only reason we had waited to put in an offer a day or two was simply to look around a bit more. I never like jumping on the first thing I see, however the house was definitely on the top of our list so far. But to clarify my first thread here, I'm pissed over the fact that the selling agent somehow convinced the property owner to remove any contingencies, and also over somebody obviously using a scare tactic with somebody else who is from 2000 miles away and never even seen the damn house, let alone a first time buyer. It's unethical bullshit, they should have presented all offers to the seller. Anyways, we put in an offer on another one we liked alot. Hopefully they'll accept it, I'm keeping my fingers crossed here.

[TADOLFI]

In my state, the seller has three days to back out of the deal for "any" reason. If it's the same there...
approach the owners with a full price offer and ask if they will reconsider.

I had a house pulled out from under me in a similar situation and the only thing that made the seller stick with the current buyer was that the buyer was paying CASH!!

Good luck on the new offer stacked.

By the way, I liked the second house I made an offer on even better. Better neighborhood, better schools, better police and fire.
Better Re-Sale later!