Ed's Chesprocott Region Blog

My Offer Was in First, Why Don't I Get the House

My Offer Was in First, Why Don't I get the House

A Buyer's quest for the perfect house takes a lot of twists and turns. Walking through many doors; hunting neighborhoods; hours looking at Internet sites for possibilities, and then it's found.

My Offer Was in First, Why Don't I get the HouseThe house is just what they want, and the contracts cannot be prepared quick enough. Send it over and wait for a response. Anxious moments and after a day a reply, but not what they wanted to hear. There are multiple offer, we are requesting highest and best by 5 PM of the following day.

This requires a very intense sit down with the buyer to let them know the status of their offer. The client is confused as we were told when the offer  submitted that there were no other offers on the property. Why did the sellers not negotiate with their offer until there was a satisfactory result?

No offer on a property is secured until all parties have come to a written understanding of what is to be offered and the terms resolved. Then once all parties have signed off on the paperwork, and the escrow funds have been exchanged, would the offer be binding.

Between the times our offer was presented, and the agent got a chance to review it herself, some additional interest was generated and other offers were submitted. As the listing agent's duty is to secure the best deal for their clients, all would be reviewed, and still keeping the idea of getting the best deal, all would be advised that multiple offers were submitted on the house, and all would be given the opportunity to consider a modification to their offer to give themselves their best opportunity.

 

This did not work to my client's advantage, who were beaten out by another offer that was more to the seller's liking. Buyers can get very frustrated when they seek out their 'perfect' house, and when they submit what they believe to be a fair offer find that someone liked it just a little better than they did.

This buyer will learn a hard lesson but will be better prepared when the next opportunity comes along and will jump a little harder and higher for their dream home.

 

My Offer Was in First, Why Don't I Get the House

 

Search for all Connecticut homes 

Subscribe

 

 

 

 

Do you know somebody who is behind on their mortgage and doesn't know what to do? I may be able to help them, especially if they are facing foreclosure!

Get Help with Short Sale in Connecticut

    www.ctshortsalesilva.com

 

 

 

 

Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

Ed Silva  RE/MAX Professionals,   203-206-0754

Comment balloon 51 commentsEd Silva • March 10 2016 08:30AM
My Offer Was in First, Why Don't I Get the House
share
My Offer Was in First, Why Don't I get the House A Buyer's quest for the perfect house takes a lot of twists and turns. Walking through many doors; hunting neighborhoods; hours looking at Internet sites for possibilities, and then it's found. The… more
Real Estate Market Statistics for Prospect CT February 2016
share
What’s Happening in The Prospect CT Real Estate Market February 2016? Currently in Prospect CT there are 50 active residential listings for sale, with 13 new listings being added in February. The homes for sale in Prospect CT range from a 720… more
It's Leap Day, Will you Take Advantage of it
share
Leap Day 2016, Make the Best of it Leap Day is the catch-up day for the calendar and our movement around the sun. The true rotation of the earth around the sun takes 365 and 1/4 days. Back over 2, 000 years ago, with the creation of the Julian… more
What A Difference a Year Makes, Is Spring 2016 Around the Corner
share
Back in early February, Punxsutawney Phil predicted an early spring After what we experienced last year, it sounded too good to be true. After all, o year we were pelted with snow almost daily in February and it carried over into mid March as well… more
Southington CT Adult Condo Market Statistics for February 2016
share
Southington CT Adult Condo Market Statistics for February 2016 Southington CT offers several areas of residential and condo style properties exclusively catering to 55+ seniors. Spring Lake Village in Southington CT is a complex of 640 condos… more
January 2016 Real Estate Sales Report for Southington CT
share
Market Statistics for Southington CT January 2016 Search for Homes in Southington CT Currently in Southington CT there are 215 active residential listings for sale, with 20 new listings being added in January. The homes for sale in… more
Wolcott CT Real Estate Sales Report for January 2016
share
Market Statistics for Wolcott CT January 2016 Currently in Wolcott CT there are 110 active residential listings for sale. They range from a 1, 152 square ft, 3-bedroom REO ranch listed at $72, 000 to a 3, 039 square ft, 4-bedroom colonial listed at… more
Real Estate Market Statistics for Cheshire CT for January 2016
share
What’s My Cheshire CT Home Worth, Real Estate Statistics for January 2016 Currently in Cheshire CT there are 180 active residential listings for sale. They range from a 1, 144 square ft, 2-bedroom ranch listed at $125, 000 to a 7, 106 square ft, 5… more
A Successfully Closed Central Connecticut Short Sale
share
Another Successfully Closed Central Connecticut Short Sale Again, we have helped another Connecticut home owner, this time in Waterbury, to get relief from a home that was severely underwater. What made this even more gratifying is the homeowner was… more
How Good are You at Negotiating?
share
How Good are You at Negotiating That was a question that came from left field from my buyer client and caused me to ponder the purpose of that question before I responded. This client was getting upset at not being able to find a home to purchase… more