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Hi fishes,
I am having 1 year experience as a Datastage Developer
My roles and responsibilities include Data extraction, Data transformation, performance tuning, data transformation and also involved in debugging and change management
I want a job refferal please help me on this
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Notice period :90 days
Tata Consultancy ,Wipro ,Accenture India ,IBM Infosys , Virtusa
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Mentor
0%. Talk to your agent and have them ask the listing agent what is important to the seller, you may be losing homes not because of price but because of contingencies or losing to cash offers.
If losing to offers that are waiving contingencies, play the same game. Wave inspection, financing, and option period, and try and negotiate the earnest money lower. Easy way to get an offer accepted and you’ll just lose your earnest money of something catastrophic happens and the deal falls apart. 3-5k in earnest money is not a SMALL amount but it is better than paying 40k more than a home is worth.
Even in this market I think it’s a bad idea to overpay that much. Check with your agent to see if they have any office exclusives, as they often aren’t in a hurry to sell and can be a good way to snag a home without the competition.
Are you making your offers based on comparable homes that have sold recently? I recently purchased a home in Los Angeles (YMMV) and encountered many sellers intentionally pricing below what the market was willing pay knowing that it would get bid up so going x% over ask isn't necessarily the best metric. An exception to this is if the house is a fixer, has been on the market for more than a couple weeks, or first offer fell through.
Also agree with previous response regarding waiving loan contingencies. I personally would not waive an inspection contingency but your realtor should be able to get information on the other offers that outbid you so you better understand what others are offering in your market.
Subject Expert
Supply is very low, demand is very high, and with low interest rates and stock / real estate markets near record highs, a lot of buyers are flush with cash. When you put in your bids, were there other bids already on each property? How long was your response window? Did you do anything like reduce your due diligence period or offer a higher escrow amount to try and make your offer more enticing?
Subject Expert
For additional context: Overall, I won 2 bids, and lost 5 this year. That gives me a .286 batting average, which should give me some time in the big league, but far from all-star numbers.
Anyone can offer more money on the top line number. You really gotta put more effort into the other elements of the offer. Reduce the contingency period, offer to buy it as-is with no repairs, offer an appraisal waiver or offer to cover a gap, increase your escrow amount, find out if the owner wants a longer escrow and/or a leaseback, etc… strong offers these days tick multiple of these boxes. A good agent can help you get to the bottom of what a seller is interested in, and you should highlight that in your offer.
Coach
I am working with a couple and we lost 48 bids so far some 10% above asking.
Your offers are solid it’s just a mess out there - keep trying and maybe try to find a house that needs work as that scares off a lot of buyers
I e lost 5 bids in the past 4mos before getting one. Basically I think 10% gives you a bit fighting chance, 15% is better. I went at 15% for 3, 2 of them lost by a tiny bit of diff and won the 3rd one
Thanks for the responses. What a crazy time to buy a house!
Dude, I lost total 3 offers in past 1 month. Last house was listed at 500k. I offered 600k including 50k down(thats what I am able to save). But I lost the bid, my realtor said owners looked at everything ex: how much cash all bidders are offering. They accepted offer which is more than 610k. Listing agent said owners look at down payment to reduce the risk in the event of appraisal coming less, in which case we need to pay the difference from our pocket. The market is crazy and we are getting emotionally drained coz of this.
We tried to look into new community but those are asking big money with small house and lot size.