been outbid on a house
Aug 22nd 2009, 5:26 am
#1
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Location: Kamloops
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been outbid on a house
sometimes i'm just amazed.
we found a nice house that wasn't a bad price, possibly a tad over market value, so we did the usual and put in a decent offer to start, only to be told 10 minutes later that another bid was going in that minute ! F me you cant give houses away and you get 2 bids in 5 mins.
so i upped my bid to what i considered a fair amount and slightly more than i would have offered if there was no other bid, i still expected to be out bid, which was fine as the house is nice but not worth a bidding war as there is plenty for sale. and i've just found out that the other bid was more than the list price
wtf ! do they not realise we are still in recession ! our realator was shocked at the amount they offered
they must have really wanted the house as for what they paid you could have got a house with another 1000 sqft.
back to searching for us
we found a nice house that wasn't a bad price, possibly a tad over market value, so we did the usual and put in a decent offer to start, only to be told 10 minutes later that another bid was going in that minute ! F me you cant give houses away and you get 2 bids in 5 mins.
so i upped my bid to what i considered a fair amount and slightly more than i would have offered if there was no other bid, i still expected to be out bid, which was fine as the house is nice but not worth a bidding war as there is plenty for sale. and i've just found out that the other bid was more than the list price
wtf ! do they not realise we are still in recession ! our realator was shocked at the amount they offeredthey must have really wanted the house as for what they paid you could have got a house with another 1000 sqft.
back to searching for us
Aug 22nd 2009, 6:23 am
#2
half a century
Joined: Mar 2008
Location: Sarf Lundun to East Van :)
Posts: 10,222
Re: been outbid on a house
is this the house with the engineering problem?
Aug 22nd 2009, 7:04 am
#3
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Re: been outbid on a house
Aug 22nd 2009, 7:08 am
#4
half a century
Joined: Mar 2008
Location: Sarf Lundun to East Van :)
Posts: 10,222
Re: been outbid on a house
Yup - maybe it's fate / karma telling you to wait a few weeks 
Aug 22nd 2009, 7:20 am
#5
Joined: Aug 2005
Posts: 14,227
Re: been outbid on a house
sometimes i'm just amazed.
we found a nice house that wasn't a bad price, possibly a tad over market value, so we did the usual and put in a decent offer to start, only to be told 10 minutes later that another bid was going in that minute ! F me you cant give houses away and you get 2 bids in 5 mins.
so i upped my bid to what i considered a fair amount and slightly more than i would have offered if there was no other bid, i still expected to be out bid, which was fine as the house is nice but not worth a bidding war as there is plenty for sale. and i've just found out that the other bid was more than the list price wtf ! do they not realise we are still in recession ! our realator was shocked at the amount they offered
they must have really wanted the house as for what they paid you could have got a house with another 1000 sqft.
back to searching for us
we found a nice house that wasn't a bad price, possibly a tad over market value, so we did the usual and put in a decent offer to start, only to be told 10 minutes later that another bid was going in that minute ! F me you cant give houses away and you get 2 bids in 5 mins.
so i upped my bid to what i considered a fair amount and slightly more than i would have offered if there was no other bid, i still expected to be out bid, which was fine as the house is nice but not worth a bidding war as there is plenty for sale. and i've just found out that the other bid was more than the list price
wtf ! do they not realise we are still in recession ! our realator was shocked at the amount they offeredthey must have really wanted the house as for what they paid you could have got a house with another 1000 sqft.
back to searching for us
Ralph Wiggum says it best:
Ralph (considering buying the Simpsons' house): I'll give you three crayons and my milk.
Cookie Kwan (to Homer): It's a good offer. I advise you to take it.
Homer: Make that a chocolate milk and you got a deal.
Ralph: I'm walking away.
Aug 22nd 2009, 8:48 pm
#6
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Location: Kamloops, BC
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Re: been outbid on a house
Is the house in Juniper? Just curious..
Aug 22nd 2009, 9:17 pm
#7
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Aug 24th 2009, 12:20 pm
#8
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Joined: Oct 2008
Posts: 1,745
Re: been outbid on a house
When we were house hunting we saw many places. There were a couple we were going to put an offer on, and decided to sleep on it, rather than make a rash decision, and in the end glad we did that, anyway, one place we were tempted by, but after a nights sleep decided not to put an offer in on went over the initial asking price.
Think it was listed at $350 and went for $420. There was some bidding war going on. We laughed as the house was nice, but it wasn't worth putting in over the asking price.
It's one of the things we said, no matter how nice the house, no matter how much we've fallen in love with it, we are NOT entering into a bidding war, and will not pay over the asking price. I'm not going to put myself into more debt just because some other bugger is playing what amounts to games.
Think it was listed at $350 and went for $420. There was some bidding war going on. We laughed as the house was nice, but it wasn't worth putting in over the asking price.
It's one of the things we said, no matter how nice the house, no matter how much we've fallen in love with it, we are NOT entering into a bidding war, and will not pay over the asking price. I'm not going to put myself into more debt just because some other bugger is playing what amounts to games.
