We put in a bid on a house UPDATED

Original post by Mrs. dleeny

Feb 06, 2006 09:39 AM

please wish us luck!!

Summer05 Posted: Feb 07, 2006 11:30 AM

Re: We put in a bid on a house

How exciting!! Good luck!

Junebride3 Posted: Feb 07, 2006 11:42 AM

Re: We put in a bid on a house

Good Luck

SomethingBlu Posted: Feb 07, 2006 11:49 AM

Re: We put in a bid on a house

Posted by dleeny

Posted by AnniesSS

Sending good wishes your way !!!

FYI - you're the second person I know who's put in a bid - the first couple was accepted, so you should be too!
it was accepted

BUT... you know how these things work, it could fall through at any time!

OMG that's awesome news!! it all works out!! When do you go into contract? Closing, etc.? Pictures!!

Mrs. dleeny Posted: Feb 07, 2006 11:51 AM

Re: We put in a bid on a house

Posted by SomethingBlu

Posted by dleeny

Posted by AnniesSS

Sending good wishes your way !!!

FYI - you're the second person I know who's put in a bid - the first couple was accepted, so you should be too!
it was accepted

BUT... you know how these things work, it could fall through at any time!

OMG that's awesome news!! it all works out!! When do you go into contract? Closing, etc.? Pictures!!

we're supposed to go into contract sometime next week. Now praying for good mortgage rates!!

SomethingBlu Posted: Feb 07, 2006 11:55 AM

Re: We put in a bid on a house

Posted by dleeny

OMG that's awesome news!! it all works out!! When do you go into contract? Closing, etc.? Pictures!!

we're supposed to go into contract sometime next week. Now praying for good mortgage rates!!

YES!! Good mortgage rates indeed!! We were just quoted some gret rates, so I wish you the best. And a FAST closing date!

FM me pics...I can't wait to see it!!

Congrats!!

MCDO15 Posted: Feb 07, 2006 11:57 AM

Re: We put in a bid on a house

Congrats Dina...soon as both parties sign, you will be in good shape.

i understand your already setting up the party?

Mrs. dleeny Posted: Feb 07, 2006 11:57 AM

Re: We put in a bid on a house

Posted by SomethingBlu

Posted by dleeny

OMG that's awesome news!! it all works out!! When do you go into contract? Closing, etc.? Pictures!!
we're supposed to go into contract sometime next week. Now praying for good mortgage rates!!

YES!! Good mortgage rates indeed!! We were just quoted some gret rates, so I wish you the best. And a FAST closing date!

FM me pics...I can't wait to see it!!

Congrats!!

we're trying to get in again this weekend to take pics & show my folks. the seller already moved out.

Mrs. dleeny Posted: Feb 07, 2006 11:58 AM

Re: We put in a bid on a house

Posted by MCDO15

Congrats Dina...soon as both parties sign, you will be in good shape.

i understand your already setting up the party?

absolutely

FallBride05 Posted: Feb 07, 2006 12:20 PM

Re: We put in a bid on a house

Posted by dleeny

Posted by SomethingBlu

Posted by dleeny

OMG that's awesome news!! it all works out!! When do you go into contract? Closing, etc.? Pictures!!
we're supposed to go into contract sometime next week. Now praying for good mortgage rates!!

YES!! Good mortgage rates indeed!! We were just quoted some gret rates, so I wish you the best. And a FAST closing date!

FM me pics...I can't wait to see it!!

Congrats!!

we're trying to get in again this weekend to take pics & show my folks. the seller already moved out.

That's great (can't wait to see pics!!!) So, they must be anxious to sell the house.

We had a similar situation. We really thought there would be a bidding war on the house because it was all updated and gorgeous! We bid 15k below asking, they counterd with 5k, we said okay, so we ended up getting the house for 10k less than asking. it was all done within 10 minutes (we were the first bidders). It turned out they were already in contract on their new house and were anxious for a quick sale.

Mrs. dleeny Posted: Feb 07, 2006 01:55 PM

Re: We put in a bid on a house

Posted by FallBride05

That's great (can't wait to see pics!!!) So, they must be anxious to sell the house.

We had a similar situation. We really thought there would be a bidding war on the house because it was all updated and gorgeous! We bid 15k below asking, they counterd with 5k, we said okay, so we ended up getting the house for 10k less than asking. it was all done within 10 minutes (we were the first bidders). It turned out they were already in contract on their new house and were anxious for a quick sale.

you would think that was the case, unfortunately, it's not.

the owner has already moved into another house and he has no mortgage on the one he's selling. he doesn't seem motivated at all

Mrs. dleeny Posted: Feb 08, 2006 02:01 PM

Re: We put in a bid on a house UPDATED

interest rates have gone up in the past week or so and it impacts the monthly payments significantly

we had to withdraw our offer

DMcK Posted: Feb 08, 2006 02:04 PM

Re: We put in a bid on a house UPDATED

brooklynbridezilla Posted: Feb 08, 2006 02:17 PM

Re: We put in a bid on a house UPDATED

Oh Dina, I'm sorry.

FallBride05 Posted: Feb 08, 2006 02:19 PM

Re: We put in a bid on a house UPDATED

McSulllivan Posted: Feb 08, 2006 02:21 PM

Re: We put in a bid on a house UPDATED

I'm so sorry Dina!!
That's so disappointing!

lrs2005 Posted: Feb 08, 2006 03:09 PM

Re: We put in a bid on a house UPDATED

sorry to hear that

jennandrob Posted: Feb 08, 2006 03:53 PM

Re: We put in a bid on a house UPDATED

I'm sorry sweetie....that stinks.

AnniesSS Posted: Feb 08, 2006 04:11 PM

Re: We put in a bid on a house UPDATED

Awe man that su(ks Sorry hun! There will be another better house in your future!

Beth1210 Posted: Feb 08, 2006 04:35 PM

Re: We put in a bid on a house UPDATED

that stinks- I posted this on the Home board also- but it could help someone else also

make sure you lock the rate when you are shopping for a mortage- even if rates go up - you get the old rate

I can't believe they went up that much that it would have such an effect on the payment :(

and other tip- if the house is a good deal- under apparied value etc- you can always re-finace latter