Buying a house sucks!!!

[Bpracing1127]

I am trying to buy a house in st George and this now is the second one we lost. This one we really wanted and went 5k over ask to lock it up asap. The sellers went with another offer (same as ours) we would have gone up more given the chance. Maybe it’s me? My agent? But eff me this is sooo stupid.

Are all real estate agents this crappy? I mean I don’t play the game. I submit an offer either take it or counter. It’s that simple. I don’t want to wait 48 hours (in this case) only to find out that we didn’t get it?

It’s hard to not get emotional over the purchase tooz

Anyway rant off

 

[EmpirE231]

Are you using an agent from the area as your buyers agent?

 

[Bpracing1127]

Are you using an agent from the area as your buyers agent?

Yes my agent lives in the area

 

[LargeOrangeFont]

Was this the one by my place?

 

[Bpracing1127]

Was this the one by my place?

Yep

 

[EmpirE231]

Yes my agent lives in the area

Well that’s good because most selling agents out there want to deal with local agents. I’d either find a new agent, or ditch your agent and go direct to the sellers agent for your next offer. They tend to like you more when they can double end the deal.

 

[LargeOrangeFont]

Yep

Bummer. Hang out and wait for the right one.. it will happen.

 

[Joker]

What’s the biggest difference between there and hurricane?

 

[LargeOrangeFont]

What’s the biggest difference between there and hurricane?

Wind JK.

Hurricane is pretty good as well. St George and surrounding neighborhoods are growing faster

 

[Bpracing1127]

It’s bull shit. When they told me last night that there was another offer and they would decide today. I said bump it 5k and lock it in. He said wait and see what they come back with. Exactly what I didn’t want to happen

 

[Bpracing1127]

Wind .

Naw. Hurricane is slightly smaller and cheaper. It’s about 15 min to downtown st George from downtown Hurricane.

 

[SkyDirtWaterguy]

Buying a house is like buying a whore. You find one. Fall in love with it and the next thing you know its gone! Hang in there. Everything happens for a reason and soon the right one will come your way...

 

[JM21]

It’s bull shit. When they told me last night that there was another offer and they would decide today. I said bump it 5k and lock it in. He said wait and see what they come back with. Exactly what I didn’t want to happen

Change agents just for that. If you say go up 5k he should say yes sir.

 

[rivermobster]

Well that’s good because most selling agents out there want to deal with local agents. I’d either find a new agent, or ditch your agent and go direct to the sellers agent for your next offer. They tend to like you more when they can double end the deal.

X1000

 

[rivermobster]

Buying a house is like buying a whore. You find one. Fall in love with it and the next thing you know its gone! Hang in there. Everything happens for a reason and soon the right one will come your way...

The right whore???

 

[Joker]

Naw. Hurricane is slightly smaller and cheaper. It’s about 15 min to downtown st George from downtown Hurricane.

We stopped by Petty’s house a few weeks back and the area is nice and quiet

 

[Bpracing1127]

We stopped by Petty’s house a few weeks back and the area is nice and quiet

We like dixie springs neighborhood in hurricane. It’s like a block party all the time

 

[Bpracing1127]

Change agents just for that. If you say go up 5k he should say yes sir.

My thoughts too. I mean seriously if your getting paid 20k then effing earn it lol

 

[JM21]

An agents job is to educate the client. If he gave you his opinion, and you decided you wanted to add 5k more, what is it to him? He makes another hundo in commission and you have an escrow. Bad move on his part.

My mom lives in Dixie springs. I helped her buy in there 5 years ago. Ask any questions you want. She loves it and is 78.

 

[Lucky Larry]

I’d be pissed at the realtor. If you said bump $5k, that’s your call, not theirs.

Think positive ~ maybe the other buyer won’t be able to close the deal.

“Mrs.”

 

[HNL2LHC]

Keep your head up the right house will come your way.

 

[riverroyal]

Be there eventually....

Buy new? Are there any standing inventory homes?

 

[Melloyellovector]

What’s the biggest difference between there and hurricane?

Sister wives is perfectly normal in hurricane, not that that’s a bad thing

 

[shintoooo]

This is not even the hard part, wait until you have to go through the loan process. That’s when you’ll want to kill everyone. Good luck. It’s really stressful but once it closes and you get the keys, it will be worth it.

 

[wishiknew]

This is not even the hard part, wait until you have to go through the loan process. That’s when you’ll want to kill everyone. Good luck. It’s really stressful but once it closes and you get the keys, it will be worth it.

Mine closed in november and they still want info fuck them the loan has sold 2 times

 

[Racer56]

You should have bumped it 20K. In the big scheme of things another 20K means nothing if you really liked the house.

Go big or go home!

 

[white tortilla]

I think/hope RE agent process is on the way out. How do we buy 100k trucks without someone doing all the “negotiating”? Personally having just bought a new house, and being in commercial real estate, the whole system is broken. Keeping buyers and sellers separated, it’s all a farce, old school system that was more relevant before the internet came in. 3% for what? Taking pictures? you don’t need agents anymore. It will go more streamlined in the near future. I ended up going in pretty high over asking t to lock in a house that I plan on living in for 20 years.

 

[DLC]

Easy to say when your not the buyer, The Right house will come along and you’ll get it !

just be smart, give your best price out the gate! 5, 10 over to get the right place will be worth it!

I showed my wife probably 30 or 40 houses before we said that’s it !

 

[RiverDave]

Well that’s good because most selling agents out there want to deal with local agents. I’d either find a new agent, or ditch your agent and go direct to the sellers agent for your next offer. They tend to like you more when they can double end the deal.

I will let @JM21 answer that but I don’t think that’s good advice at all.

The double ending deal is kinda “meh.” Even on our deals when we end up in a double ended scenario she will pass the buyer onto one of the other agents on the team, so that there isn’t any conflicts of interest.

We have double ended a few, but typically it happens like described above and for good reason.

 

[RiverDave]

I’d be pissed at the realtor. If you said bump $5k, that’s your call, not theirs.

Think positive ~ maybe the other buyer won’t be able to close the deal.

“Mrs.”

I would agree with that. Ya never know things happen all the time. Keep looking but definitely keep in touch with the seller agent on the progress of escrow

 

[jailbird141]

Definitely time for a new agent. You've got a lemon right now.

 

[hallett21]

5k may or may not have got it done.

What were the terms of your offer vs the other?

21 day close? Removal of contingencies? All cash offer?

There’s a lot of variables to consider other than overall price.

 

[941Punk]

"So, we got a call.."

 

[CLdrinker]

Change agents just for that. If you say go up 5k he should say yes sir.

No shit. They work for you.

 

[Mikes56]

We just sold one of our rentals. The buyers gave us a long list of shit they wanted fixed. F that.

Just a suggestion for the next house you find. Don’t ask them to fix anything. Sellers don’t want to spend the time, money or have the headache of fixing anything.

 

[COCA COLA COWBOY]

It’s bull shit. When they told me last night that there was another offer and they would decide today. I said bump it 5k and lock it in. He said wait and see what they come back with. Exactly what I didn’t want to happen

You can also do an escalation clause stating you will pay X dollars more than any competing offer. Reduce the times allotted for inspections and other due diligence is extremely important. If you really are willing to do what it take, make the deposit non-refundable from acceptance.

 

[gqchris]

I will let @JM21 answer that but I don’t think that’s good advice at all.

The double ending deal is kinda “meh.” Even on our deals when we end up in a double ended scenario she will pass the buyer onto one of the other agents on the team, so that there isn’t any conflicts of interest.

We have double ended a few, but typically it happens like described above and for good reason.

My buddy is an agent here in Orange County. Every person at his brokerage wants double ends. And noone even entertains only buyers. Too much work according to him. Much easier to handle listings and double ends.

Im sure this could all change soon!

 

[2FORCEFULL]

there's multible things going on in st george... they wanna sell to mormans, and don't like Californians,.. they have seen what has happened to vegas and havasu/phoenix..

 

[COCA COLA COWBOY]

I think/hope RE agent process is on the way out. How do we buy 100k trucks without someone doing all the “negotiating”? Personally having just bought a new house, and being in commercial real estate, the whole system is broken. Keeping buyers and sellers separated, it’s all a farce, old school system that was more relevant before the internet came in. 3% for what? Taking pictures? you don’t need agents anymore. It will go more streamlined in the near future. I ended up going in pretty high over asking t to lock in a house that I plan on living in for 20 years.

I disagree with keeping buyers and sellers separate. In many cases it wouldn't matter and sometimes be very positive. However, residential is very emotional and people are different now. There is a mental health problem in the US and it will come out in major transactions where stress is high. Buying and selling homes can be similar to divorce for some people. Just a buyer telling a seller what changes they plan on making can cause all kinds of problems. Trust me on this, it's best for the two not to meet until the sale is completed.

 

[gqchris]

You can also do an escalation clause stating you will pay X dollars more than any competing offer. Reduce the times allotted for inspections and other due diligence is extremely important. If you really are willing to do what it take, make the deposit non-refundable from acceptance.

I feel like I would not be able to play in this market until it cools off substantially. Or I am going to buy in a not desirable area. I cant forsee jumping thru all those hoops to buy anything.

Maybe thats why Im still a renter. I cant imagine the roller coaster of selling my wife on something, then playing this bullshit game after she finally likes it only to get it pulled because someone else played the game better. My head hurts thinking about it.

 

[MPHSystems]

Well that’s good because most selling agents out there want to deal with local agents. I’d either find a new agent, or ditch your agent and go direct to the sellers agent for your next offer. They tend to like you more when they can double end the deal.

Agents, by law (at least in california) can only represent one party. I learned this the hard way and I will advise OP to avoid exclusive listings at all costs.

Hang in there OP, our last home purchase (not the exclusive) probably took more years off my life than smoking, we were in really bad shape on the exclusive listing and had to do some evasive maneuvers. Synchronized evasive maneuvers. Slammed on the breaks and they flew right by us kind of maneuvers.

Anyways, we’ve been in this home over 10 years and it’s been a real blessing.

 

[Runs2rch]

5k may or may not have got it done.

What were the terms of your offer vs the other?

21 day close? Removal of contingencies? All cash offer?

There’s a lot of variables to consider other than overall price.

This.

Also in this area need a letter from LDS haha

 

[COCA COLA COWBOY]

I feel like I would not be able to play in this market until it cools off substantially. Or I am going to buy in a not desirable area. I cant forsee jumping thru all those hoops to buy anything.

Maybe thats why Im still a renter. I cant imagine the roller coaster of selling my wife on something, then playing this bullshit game after she finally likes it only to get it pulled because someone else played the game better. My head hurts thinking about it.

I've been in real estate for nearly 30 years, licensed for 23. My family is moving to Texas no matter what. I am not moving right now for the sole reason prices are going down. To buy high knowing an huge asset will devalue makes absolutely no sense to me and puts my family in a worse situation than waiting 1 year. Every media, every economist, every person knows what is happening so to buy right now is like buying a stock knowing it's going down.

Historically, the first year of a decline is alway the worst and then it may decline 2-3% per year after that. Small declines don't matter as the value of owning a home outweighs that by far. I hate California and my whole family wants out, but we can suck it up if it means a 200k savings on the home we buy.

 

[gqchris]

I've been in real estate for nearly 30 years, licensed for 23. My family is moving to Texas no matter what. I am not moving right now for the sole reason prices are going down. To buy high knowing an huge asset will devalue makes absolutely no sense to me and puts my family in a worse situation than waiting 1 year. Every media, every economist, every person knows what is happening so to buy right now is like buying a stock knowing it's going down.

Historically, the first year of a decline is alway the worst and then it may decline 2-3% per year after that. Small declines don't matter as the value of owning a home outweighs that by far. I hate California and my whole family wants out, but we can suck it up if it means a 200k savings on the home we buy.

Yup and I always value your opinion on it. You and I pretty much did the same thing by selling all the toys during the Covid boom. Im just waiting in the shadows also and putting up with it while this all plays out.

 

[COCA COLA COWBOY]

Yup and I always value your opinion on it. You and I pretty much did the same thing by selling all the toys during the Covid boom. Im just waiting in the shadows also and putting up with it while this all plays out.

It's tough though isn't it? I've passed on some good boats already and not going to lie, it's been hard. This is the first time I have not owned a boat since I was a kid. Keep strong!

 

[Sherpa]

sometimes I really think the commissions for selling a house are crazy.. 3% back when homes were 150-300k were ok. charging me 3% on a 2.2m sale is not gonna happen.

and to the OP, if you want to get mad at people, go ahead and try and pply for a refi when the mortgage rates are stupid. your phone will literally BLOW UP with
calls from all over the damn place......................

 

[LargeOrangeFont]

there's multible things going on in st george... they wanna sell to mormans, and don't like Californians,.. they have seen what has happened to vegas and havasu/phoenix..

Keep shouting this from the rooftops please.

We are closed.

 

[LargeOrangeFont]

Yup and I always value your opinion on it. You and I pretty much did the same thing by selling all the toys during the Covid boom. Im just waiting in the shadows also and putting up with it while this all plays out.

We are here for ya brother

 

[Bpracing1127]

I feel like I would not be able to play in this market until it cools off substantially. Or I am going to buy in a not desirable area. I cant forsee jumping thru all those hoops to buy anything.

Maybe thats why Im still a renter. I cant imagine the roller coaster of selling my wife on something, then playing this bullshit game after she finally likes it only to get it pulled because someone else played the game better. My head hurts thinking about it.

That is where we are at. I don’t want to play the game

 

[LargeOrangeFont]

That is where we are at. I don’t want to play the game

Wait it out. We did the same thing in late 07-08. Didn’t buy until 09.

The time to buy is going to be right after rates peak and they start to pull back.