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Maybe there was something else unattractive about your offer and the 2.8 fell through? Happens all the time. When I sold a house recently I took the second hig
by weeblewobble 3y ago
Maybe there was something else unattractive about your offer and the 2.8 fell through? Happens all the time.
When I sold a house recently I took the second highest offer, because the highest offer came from someone out of state who had never set foot in the house
- tehlike 3y agoRealtor definitely didn't mention anything, but mentioned a higher offer, which definitely didn't end up happening. It was a standard bay area offer - 20% down preapproval, no contingency, 4 weeks close, and could have been shorter.
- crazygringo 3y agoI don't understand, why was that a motivation for not taking the highest offer? Is that associated with some kind of risk of the sale not closing, or other risk? (Sorry if it's a dumb question with an obvious answer -- this is not my area of expertise.)
- weeblewobble 3y agoYes, the issue was increased risk of the buyer backing out. In which case I would get a few grand in earnest money and have to relist (or hope the other potential buyers haven’t found something else in the meantime and still want to go through with their offer). The house had some warts, and the second highest bidders were locals who had toured the house and had it inspected. Closing was pretty much a lock.