Offer and Negotiations

HOLY COW!!!!!!

The housing market in the DFW area is CRAZY!!!!

Buyers are bidding against each other, but if you walk in with a cash offer or financing thru a conventional loan, you have the upper hand.

Offers are being made for $5,000 -$10,000 above asking price.

It’s not uncommon for a house to go on the market and have a contract for purchase the same day.

Realtors don’t like buyers to use big banks. They want buyers to go with a local lender.

It’s enough to make a buyer’s head spin or at least this buyer’s head is spinning.  At the same time, I’ve learned a lot.

With that said, we have put an offer in on a house and are now negotiating with the seller. Hopefully we’ll have a deal hammered out before the end of the day. Although we’ve been trying to hammer out this deal since Tuesday, so who knows.

Only time will tell.

6 thoughts on “Offer and Negotiations

  1. Sounds like the Puget Sound market! Houses go for well above list price. We bought in Kitsap County, so not even in crazy King County, and we paid $8k higher than list price for our tiny place. Home buying is SO stressful, but also so much fun! Good luck with your offer!

    1. When we purchased our house in Tacoma, we paid $56,500. Eight years later we sold it for $88,000. Not multiple bids, only one and it sold for the asking price.

      My husband recently found a listing for little house in Tacoma and it’s value is almost $300,000. Granted, since we sold the house, someone has completely flipped the house. Still, it’s value has gone up $222,000 in 20 years and I have no doubt that there would be bidding wars on the house in today’s market.

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