Just lost out on a house. I was all cash $550k and got beat by another all cash at 650k. No house is worth an extra 100k in DFW.

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I’m a licensed realtor in the DFW area. If you do not already have representation, please reach out for any assistance in the home buying process!

funny

Op, I’m kind of glad this happened to you. You are part of the problem. Why the heck would you offer $100k over asking?! That’s just plain stupid, and the person that out bid you is even stupider.

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Dogecoin

Curious what the list price was.

While I agree with you it’s not worth it, I will also say you’ll almost certainly lose unless you’re willing to go significantly over list price.

My mothers a realtor here and her buyers are losing when going $50k over list. She also had an open house this weekend that yielded 48 offers with 170 people walking through. It’s ridiculous here right now.

likehelpful

475k listing. Yeah it’s insane. The issue is the inventory is so low that any of the houses we see, we have not loved enough to go another 100k over. We can and will if we find the right house but we don’t want to compromise just to be home owners.

likefunny

Have link? I’d love to see the pictures and all haha

likefunny

I lost 4 houses with offer more than 100k over asking price, not all cash offers though

likefunny

Just present as all cash and secure financing in time

What area was the house in? That’s crazy

McKinney. Listed for 475k

funny

That’s wild. I did a custom build just to avoid bidding wars.

Why is an all cash offer any better than a traditional bank mortgage? Won’t the bank write a check for the full amount to the seller?

Interesting. So less hoops to jump through for the seller. Got it. RIP I’m never buying a home.

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Things are worth however much someone is willing to pay.

Comments on this are hilarious… the house is worth what someone is willing to pay, not what you want to pay.

This is actually why I’m building new: you pay a price premium but at least you can get in with 20% down

All new constructions are on 1-2 year 1000+ family waitlists.

funny

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