Market Showing Signs of Cooling a Little

[islandlandlord]

A lot of lawns sporting 'for sales' signs for a very hot market. My guess: if hot, not red hot like it was.

That probably has alot to do with the seasonal slow down, as Austin has mentioned.

[registered]

Describing a market as both 'very hot' and experiencing a 'seasonal slowdown' doesn't make much sense.

[islandlandlord]

Describing a market as both 'very hot' and experiencing a 'seasonal slowdown' doesn't make much sense.

Sure it does, a market can be "hot", relatively speaking, compared to the cool down of last year or previous years. Its all relative. Whats the problem?

[registered]

Whats the problem?

Your ability to follow a discussion.

The market is still very hot!! Lots of traffic at opens and offers are coming in from panicked buyers. Still very hot and hopping. Please don't deny the facts.

Do you see any qualifiers or 'relatives' in the post to which I responded? (Hint: no.)

[islandlandlord]

Whats the problem?

Your ability to follow a discussion.

The market is still very hot!! Lots of traffic at opens and offers are coming in from panicked buyers. Still very hot and hopping. Please don't deny the facts.

Do you see any qualifiers or 'relatives' in the post to which I responded? (Hint: no.)

lol..well to me it seems pretty simple to understand. Its a no-brainer that a seasonal cooling will happen in the fall/winter, which doesnt mean the market isn't still relatively hot; it's implied. When i think of how much you know, it makes sense why you don;t get it and need things spelled out for you like an elementary school drop out.

You're an idiot.

Edit: I was responding to your comment that "a market being hot and a seasonal cool down doesnt make much sense"...think about it 'turd.

[registered]

Well then, move along and continue with your personal little discourse. If you have anything of intelligence to add about my specific reply to Greenhorn, buy a lottery ticket.

[bestplaceonmeth]

I agree, panicked lunatics are still snapping up any piece of shit they can get their hands on, even former bears.

Capitulation. NASDAQ circa 2000.

What's that quote from Buffet about fearful and greedy?

[househunting]

market is pretty hot. we are in the market and made an offer and their are 3 others that the sellers are considering. the realtor asked if we wanted to up our offer, but we declined. our original offer was already over asking so we declined. our offer expires tomorrow night.

[eyesthebye]

market is pretty hot. we are in the market and made an offer and their are 3 others that the sellers are considering. the realtor asked if we wanted to up our offer, but we declined. our original offer was already over asking so we declined. our offer expires tomorrow night.

at the time we bought we were aksed to "move up" our offer. It only cost us an additional 5K and a larger deposit. Why don't you just
ask the seller what it will take to secure the property. Have them sign back the conditions to you after you say yes to the counter. Easy. If you like the property don't let it get away for a stinking 5K - or relatively minor condition

[househunting]

the sellers no longer live here. we asked the realtor for info and all he said was their were multiple offers (4 total) and that if we were willing to up our offer. we declined. our offer was pretty strong as we went 2K above asking, closing date that works for the sellers as it is currently tenanted and the only condition being a home inspection. we are preapproved are not willing to pay more for this property.

[eyesthebye]

the sellers no longer live here. we asked the realtor for info and all he said was their were multiple offers (4 total) and that if we were willing to up our offer. we declined. our offer was pretty strong as we went 2K above asking, closing date that works for the sellers as it is currently tenanted and the only condition being a home inspection. we are preapproved are not willing to pay more for this property.

so let our home slip away for a couple of grand? so glad I don't function in ego mode.
Do yourself a favour and ask what the sellers would like from you, it might only cost you an extra few thousand.
You obviously like the property - ditch the pride and roll up your sleeves.

[househunting]

it has absolutely nothing to do with pride. the way it looks to me is that we have the best offer on the table. i am not getting into a bidding war. i can go up $3,000 only to have the realtor ask the other party to go higher and then guess what it comes back to me to go higher. It is a nice house, has alot we are looking for, but not everything. Again the realtor said he couldnt say anything except if we were willing to up our offer.

[eyesthebye]

it has absolutely nothing to do with pride. the way it looks to me is that we have the best offer on the table. i am not getting into a bidding war. i can go up $3,000 only to have the realtor ask the other party to go higher and then guess what it comes back to me to go higher. It is a nice house, has alot we are looking for, but not everything. Again the realtor said he couldnt say anything except if we were willing to up our offer.

I wouldn't play that game either. If the seller isn't willing to sign back to you in writing what they want then walk away. And if your realtor "can't say" what the owner wants I'd look for a new realtor.

[househunting]

Well this is where i think we made a mistake. We made a strong offer on Tuesday morning but gave the sellers until thursday at 8pm to either accept, counter or reject. In hindsight i would have given them 24 hrs to respond. I am sure we will get something in writing but the sellers are waiting for last possible moment to do this. That way if they are able to get more offers on the table it gives them more options. Its not my realtor that won't say what the sellers want it is the sellers realtor. He wont even return calls back to my realtor. We'll wait till tonight and see what happens. I have another house in mind but cant make an offer until i hear back from the realtor about our original offer.

[hazuchan]

Well this is where i think we made a mistake. We made a strong offer on Tuesday morning but gave the sellers until thursday at 8pm to either accept, counter or reject. In hindsight i would have given them 24 hrs to respond. I am sure we will get something in writing but the sellers are waiting for last possible moment to do this. That way if they are able to get more offers on the table it gives them more options. Its not my realtor that won't say what the sellers want it is the sellers realtor. He wont even return calls back to my realtor. We'll wait till tonight and see what happens. I have another house in mind but cant make an offer until i hear back from the realtor about our original offer.

Good luck!