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GM's Thread About Everything/GM's Thread About Nothing (7 Viewers)

The escalation clause is why I believe I'm the highest bidder.   We let them know we'll make up the difference if it doesn't appraise for the highest number.  The agent still said they will probably go with cash.
:kicksrock:   Sorry, GB.  

I suspect they might be getting the cash offerors to give a final bid and trying to get them up to your number or more.

 
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:kicksrock:   Sorry, GB.  

I suspect they might be getting the cash offerors to give a final bid and trying to get them up to your number or more.
what do you know about house buyin....... HEY! WAIT JUST ONE MINUTE! YOU'RE ONE OF THOSE CASH BIDDERS AREN'T YOU?!!?!?!?!!

 
:kicksrock:   Sorry, GB.  

I suspect they might be getting the cash offerors to give a final bid and trying to get them up to your number or more.
Did what I could.  Sweetened the escalation clause and waived appraisal.  

I'm feeling a little bit pressured since it sure seems like my landlady wants to cash in on this house.   I'd rather overpay for something I like than have to panic buy in two months.

Although I can't come in all cash, I do have some cash to play with since I was expecting to do some improvements.  This place is turnkey so I'm wiling to use that to make this offer more attractive.

 
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With different sellers, I may have been in an ok position.   I'm pretty confident I'm the high bid, and I don't have any contingencies other than inspection and appraisal.    They just like the cash offers, quick close and no contingencies more than making an extra $10,000 or whatever.   Not everyone thinks like that.
The inspection(s) and negotiating who pays for minor repairs and whatnot is the absolute worst part of a process that doesn't lack for unappealing features.

 
Did what I could.  Sweetened the escalation clause and waived appraisal.  

I'm feeling a little bit pressured since it sure seems like my landlady wants to cash in on this house.   I'd rather overpay for something I like than have to panic buy in two months.

Although I can't come in all cash, I do have some cash to play with since I was expecting to do some improvements.  This place is turnkey so I'm wiling to use that to make this offer more attractive.
Could you (if you haven't already) make it "as is"?  You'd still get an inspection but would either take it or leave it and agree not to get into the niggling over small stuff.  We did that with our current house, though then we ended up asking for (and getting) a $$$ credit for some stuff anyway.  You probably wouldn't get away with that bit, of course.

 
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office manager wants to see both of us architects.

work has been super slow... big project for us is supposed to start very soon- but any time office manager wants to see me I get ####### nervous. been through too many slow-down/lay-offs before. I really can't afford it this time (not that any time is good)... ####.

 
Stupid housing market.   Put an offer $40,000 over the asking price on a house.  There are now 8 offers, 3 cash.  Seller's agent says they are only going to consider the cash offers, even though they're lower.   
We put in a number of offers, all above asking, before we bought our place. When we finally had an offer accepted we got spooked by the threats of "if you insist on any repairs or deductions we'll just go to another offer," and ended up with a place that has a number of expensive and annoying issues that have kind of made me regret the whole thing. One small example, during the final walkthrough we couldn't get the mini split a/c to work at all. Seller's agent said if we didn't accept it in that condition they would cancel the deal and move on. Closing was later that day. Just sayin, don't let yourself get worn down.

 
Could you (if you haven't already) make it "as is"?  You'd still get an inspection but would either take it or leave it and agree not to get into the niggling over small stuff.  We did that with our current house, though then we ended up asking for (and getting) a $$$ credit for some stuff anyway.  You probably wouldn't get away with that bit, of course.
I don't think they're really worried about the inspection.   The place is immaculate and turnkey.   From talking to their agent, it's all about the appraisal and a fast close.  I could waive the inspection but don't think it will matter.

 
office manager wants to see both of us architects.

work has been super slow... big project for us is supposed to start very soon- but any time office manager wants to see me I get ####### nervous. been through too many slow-down/lay-offs before. I really can't afford it this time (not that any time is good)... ####.
gllllllllllllllllllllllllll

 
office manager wants to see both of us architects.

work has been super slow... big project for us is supposed to start very soon- but any time office manager wants to see me I get ####### nervous. been through too many slow-down/lay-offs before. I really can't afford it this time (not that any time is good)... ####.
Yikes.  Good luck.

 
Stupid housing market.   Put an offer $40,000 over the asking price on a house.  There are now 8 offers, 3 cash.  Seller's agent says they are only going to consider the cash offers, even though they're lower.   
stupid people.  money is money  a+ paper is still going to fund.

 
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OrtonToOlsen said:
I would love to sell a house some day and say "cash only".  And then actually demand real cash.  Like a duffle bag full.
I wouldn't be surprised if the douchenozzles selling this house did that.   

 
Getzlaf15 said:
Cash offer means no appraisal needed and faster closing.  Maybe don't make appraisal a contingency....
I've made a number of cash offers, all requiring an inspection. You have to, unless you're qualified to do it yourself.

Most deals fall apart due to financing problems and that can't happen with a cash deal, so sellers love them. Plus they can close in half the time

 
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14 offers.  Two offers with financing, including mine, are being considered.   Both are higher than the cash offers.   According to them, our terms are very similar.  

They're trying to get us to continue to bid against each other.  I went all prisoner's dilemma on them, declined and said it was my last best offer.  Did write the sellers a letter using roverkid as emotional leverage.

 
14 offers.  Two offers with financing, including mine, are being considered.   Both are higher than the cash offers.   According to them, our terms are very similar.  

They're trying to get us to continue to bid against each other.  I went all prisoner's dilemma on them, declined and said it was my last best offer.  Did write the sellers a letter using roverkid as emotional leverage.
That last part might sound silly to some, but our neighbors in our first Seattle house won in a bidding war in large part due to a heartfelt letter they wrote.  Worth a shot.

 
That last part might sound silly to some, but our neighbors in our first Seattle house won in a bidding war in large part due to a heartfelt letter they wrote.  Worth a shot.
sent it to a friend in the industry and she said "if that letter doesn't work I'm going to lose all faith in humanity."   

 
That last part might sound silly to some, but our neighbors in our first Seattle house won in a bidding war in large part due to a heartfelt letter they wrote.  Worth a shot.
I just had an offer accepted because I wrote a letter for a client.  Single guy with 5 yr old daughter he adores.  He told me she screamed when she saw the pic of her possible new room online.  I was told by the listing agent and the owner a few days later that part of the letter got us the deal in a multiple situation.  People want to see the memories they created possibly happening for others. 

 
El Floppo said:
office manager wants to see both of us architects.

work has been super slow... big project for us is supposed to start very soon- but any time office manager wants to see me I get ####### nervous. been through too many slow-down/lay-offs before. I really can't afford it this time (not that any time is good)... ####.
So....

Everything okay?

 
El Floppo said:
office manager wants to see both of us architects.

work has been super slow... big project for us is supposed to start very soon- but any time office manager wants to see me I get ####### nervous. been through too many slow-down/lay-offs before. I really can't afford it this time (not that any time is good)... ####.
Damn. Good luck, GB.

 
14 offers.  Two offers with financing, including mine, are being considered.   Both are higher than the cash offers.   According to them, our terms are very similar.  

They're trying to get us to continue to bid against each other.  I went all prisoner's dilemma on them, declined and said it was my last best offer.  Did write the sellers a letter using roverkid as emotional leverage.
Are there not other homes for sale in this area?

 
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Sounds like you're probably fine. But of all people, I get the bolded.

"As your attorney, I advise you to start drinking heavily." :)
I hate how snakebit I am about this stuff. Every time she calls me into her office it's a pit in my gut. My co-worker and I ride the subway home (he lives nearby) and I brought it up... he's always got an upbeat attitude about things- good guy. He reiterated that if I go, he goes... has my back, which is very cool. For that matter, this office has stayed with me when projects have died and works been slow. Also really cool to have gotten the loyalty like that when enough others have just cut when the money or projects are tight. Those are the times my gut remembers every time the office manager wants to speak to me. Wish I could just let it go like my coworker.

 
El Floppo said:
btw... I read "all cash" and I visualize K4 carrying duffel bags full of 100s.
A guy I know bought a mansion out of foreclosure. The bank called and said would you like to come down and sign papers and and set up financing. He had offered 1.2 mill.

He tells the guy from the bank "no, you come to my office". The bank guy says how do you plan to pay for this? Guy says "I'm gonna write you a ####### check". 

 
From a reddit thread asking tattoo artists about weird requests...

A buddy of mine who ran his own studio once asked me to do an illustration for a strange request that a customer had. I had done a number of custom pieces, and some of them were pretty damn weird. 

This one, though...

The guy essentially wanted a portrait of a 60's era William Shatner "deep in thought." He also wanted a dream bubble coming out of Shatner's head, and inside that dream bubble he wanted the exact same portrait of William Shatner with a mustache.

Essentially William Shatner dreaming about William Shatner with a mustache. The dude wanted this engraved on his flesh. I was in awe of how beautifully stupid it was.

Being that portraiture wasn't my strong point, I gave it to someone else. Last I had heard, the guy actually went through with it.
Rules

 
Speaking of tattoos, does getting one at age 44 scream midlife crisis, or more of "I made it in life, I can do whatever I want".

 
46.... while I've done my fair share of mocking the tattoo culture, I can't say the thought hasn't crossed my mind more and more often in the recent months. Long story short, I was never going to get one just to get one, but now I have my vision of what it would be.

I honestly doubt that the miser in me will ever drop the funds it would take to get it done and I can't envision a scenario where I come across someone I'd entrust in doing it. 

 
That last part might sound silly to some, but our neighbors in our first Seattle house won in a bidding war in large part due to a heartfelt letter they wrote.  Worth a shot.


sent it to a friend in the industry and she said "if that letter doesn't work I'm going to lose all faith in humanity."   
Still working on nest quoting.  not sure I have it down really.  I think K4 said the first one.  This is all so confusing.

Anyhow, if maudlin letters from beleaguered parents are a net benefit, I'm liking my chances in this new heartfelt world!

 

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