I just lost out a property that we really liked because I didn't put in the offer soon enough. Any advice for me?
I'm feeling really bummed.

like
Posting as :
works at
You are currently posting as works at

Put in offer sooner next time.

upliftinglikesmart

Easy to say, but there will be more properties.

Is this for a rental or personal?

You also know that you need to move faster if you want it so next time around you’ll be ready to pull the trigger quicker. It’s a learning experience but definitely a bummer the first few times it happens.

like

Thanks, this is for personal use. We're upgrading to a bigger house and yes lesson learnt. We need to move faster next time.

It happens, but also should evaluate why it wasn’t soon enough. Did you not pull the trigger or was there another delay. I’ve seen people change realtors/loan officers who couldn’t execute expeditiously. Our go to loan officer submitted an offer and called the realtor ensuring finances were in order while he was at a wedding (he just did it we didn’t ask him to do so).

like

Seems like you took a “risk” with virtually minimal downside (or no monetary downside) and it didn’t work out. Not the tactic i would use for a good property, but hey, live and learn 🤷🏻‍♂️ better than you losing a deposit or something due to lack of prep

like

1) offers fall through so tell your realtor to reach out to them and let them know you’re still interested

2) Did you do everything you could? If so then try to brush this feeling off, there’s nothing you’ll could have done. Did you wait on it and drag your feet? Then maybe mope for a few days then don’t do that next time

Be prepared to make an offer by Sunday of the week a property comes on the market. Most sellers won’t pick an offer earlier than that. Have alerts set on realtor. For properties that fit your criteria and see any good ones in the first 3 days. And I lost the first 2 properties we bid on but the third was the best fit anyway. We made an offer each week for 3 weeks during the hottest part of 2021.

How long was the house on the market? How long between when you told your realtor to prepare the offer to when it was submitted?

Was the offer at the top of your budget? If your offer was equal to an offer that was submitted earlier, perhaps paying $5k more would have helped.

Did you have all 3 contingencies? Perhaps saying you won’t ask for repairs on your inspection contingency or at least reducing the inspection window, it will show you’re motivated to close faster.

If you aren’t already reviewing every house that hits the market that meets your criteria within hours of hitting the market, you should be.

In this market?! There will be others.

It happens. Learn and grow. Time is the essence. Something better is coming. Life has a plan for you

Make sure you are on the same page with your buyer’s agent about what you are looking for in a property. You should be prepared to make an offer BEFORE going on a showing.

I can help you with apartment search. Let me know if you need help.

Related Posts

Hey Hey all. Can anyone help with a referral?
There are a few real estate positions available that i think i would be perfect for. Background - Head of Special projects at a real estate developer (building data centres and tech hubs), former McKinsey EM, MBA from London Business School, IB real estate experience and CFA

likefunny

I’m new to the cybersecurity industry, professionally speaking (I did/do a lot for family and close friends). I’ve completed a boot camp, which I regret doing. I have certifications for companies such as Qualys and ISC2, but no CompTIA security+ yet. I tailor my resume to position descriptions. It’s been a month or so, without any offers. What would you suggest that I do to get my first entry level position?

like

Are global sabbaticals possible in TAS (from US to UK)

like

Does anyone have experience/knowledge regarding whether the different B4 deal analytics teams 1) work remote 2) still travel? Looking to potentially make a switch but have heard different things across the board, including seeing that most of the job postings for senior roles in these groups are tagged to offices and don’t say remote.

like

I can’t go back to an office. I just can’t.
Anyone with me?

likeupliftinghelpful

Is IDFC First Bank providing Work from home option for IT department employess?

like
like
like
like

Hey

Male here,

Anyone up for weekend catchup and drive ...female preferred ;)

like

I’m stuck at a transitional point in my career where I can’t figure out a direction that I feel excited about. Does anyone have resources, books, career coaches, etc. that may help me find clarity?

like

I would like to learn more about development and real estate. Can anyone recommend any books or courses that you think are informative. Eventually I would like to own a few apartment buildings, but I know there is a lot I need to learn 1st. Any advice appreciated. 

like

𝐏𝐞𝐨𝐩𝐥𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 - 𝐒𝐭𝐨𝐫𝐲

𝐖𝐨𝐫𝐤𝐟𝐥𝐨𝐰 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 (Story) reports y lists the total number of workflow requests per workflow status according to the request types and the event reasons.

#SAP #SuccessFactors #PeopleAnalytics #Story

Sample Below: 👇 Isn't It Beautiful?

Post Photo

Any corp associates looking to move from biglaw to a boutique? My firm remains busy and is looking to bring on a couple associates. We’re all either hybrid or fully remote, and that’s here to stay. 1500 billables and we’re serious about it. Work is primarily ECVC, Outside GC, M&A. Pay is roughly 30% biglaw haircut, with incentive bonuses for hours and originations.

like

Interesting all the noise about these PPT, my take:

The pandemic took all the upside of an IB analyst life (client meetings in person, fancy trips, suit up, worshiped at networking events) and left all the juniors with the downside (long hours, monkey-like type of job, aggressive work environment).

Not that the complaints are not sort of legitimate but you may need to revise the decision-making process that led you to accept a return offer. Specially if you were looking for less hours.

like

Good morning! I have a nephew who’s interested in coding (video games, apps, etc.) and I wanted to know if there’s any virtual programs, bootcamps, courses he can do (maybe some that can give him college credits). He’s 14 and just started high school in Atlanta, Georgia! If anybody knows anything please let me know!

like
like

Is it just me or my fellow Punjabi’s are missing visiting Gurdwara too, to pay respect and see fellow punjabis?

like

What UK sources do you look at to understand your market value?

Hi Gang, really feeling the burnout a bit heavy now after ~5 years in SaaS and Consulting Sales. What are some of the most transferable roles AEs can move to post sales?

like

Additional Posts in The Real Estate Bowl

How can I invest in real estate ? Looking for an additional passive income source

like

Planning on buying a house with MIL. She would lend us half the price of home interest free in return for being able to live in it rent free. We’d have 100% ownership. Repayment only required if we sell the home.

She would maintain the place 100%. We would cover races and insurance.
Relationship aside, does it sound like a fair deal?

Due to a family situation we are looking to move to a different state. Normally we would sell our current home and buy a new home in our new location. However, with todays prices and interest, will it make more sense to rent out our current home and rent a home ourselves vs. selling and buying immediately when we move? We are moving from Vegas to Sacramento and we are not sure how long we would stay in the new area. Thoughts?

Fishes! what are the best grounds to dispute my property tax valuation? What support should I have?

like

For those w investment property, how many of you self manage vs using property manager? This is my first condo, relative new build from 2018 and a family friend jus moved out. I would have self managed but am scared about squatting/evictions esp w Covid and the rent memorandums. Thinking of jus getting the property manager as I am new to this... Advice appreciated.

like

How did you get started with your personal investing in stocks? I am 26, F, have some money in savings, 401k, stocks and just started my own business albeit small. I’m extremely interested in real estate investing have been reading and listening to podcasts. Any advice?

like

Now that the rents are going higher and housing is not affordable. With wfh option is it good idea to love to ranch with house?

Anyone here invested or opted as primary living place outside of cities?

Cheers

like

For anyone that has bought a townhome from Lennar, are the walls fairly well insulated for sound?

What, if any, were your main complaints?

like

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

like

Looking to buy a vacation home on the west coast not in a major city. West coast so it doesn’t take too long to get there. Could consider other areas, but don’t want to spend too much time traveling there. Budget is under $700k for 3 bedroom, at least 2k sqft. Any ideas?

like

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

like

Any potential flags/benefits for dual agency? My agent and the seller's agent work for the same company.

like

28 year old with ~125k in cash/brokerage. Have been wanting to begin purchasing rentals but anxious to use a good bit of my liquid savings. Thoughts on biting the bullet vs. investing in stocks. In Houston if that is a factor

like

I have a rental property and my tenant is asking me to change the fridge light burb. I live out of state and don’t have property manager locally. Is it bad if I ask them to change the fridge light burb themselves?

I’m pretty responsive for things they need help with like laundry machine got broken or pantry doors fell off. So I had sent people to fix those maintenance and repair issues.

But light burbs? Srlsy? They are grown up people (fresh out of college girls)

likefunny

Anyone know the average annual rent increase for 1200 sqft 2 bedrooms? I’m renting and want to know what to expect in a few weeks

like
like

What’s a “true lead” in apartments.com. Im curious if they’re interested in our property or if they’re leads based on preference.

like

Can anyone recommend a solid lender in Westchester County single family homes? Low rates, good service, easy to deal with.

likefunny

How much importance do you give to proforma numbers when purchasing an investment property?

like

I saw this townhouse in a prime location in my city for $350k (cheap for the area). The floors are all messed up though but the buyer said they’ll either lower the house price or give a credit for closing cost. There’s also a lot of nicks here and there (some locks missing from door, dents, scratches, stains, and some things are loose). But overall, the house’s architecture and design is so beautiful. Would it be worth it to get it and fix it up? Or find a newer house with less maintenance?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal