Seller suggested a 6 month contract from now
Interested in a house that is overpriced thanks to NYC flight. It’s worth 350 but they want 415. Went to look at it and thought about it for a few days. Decided to go see it again, but the seller said no not unless I’m willing to put an offer that they’ll accept and then wait 6 months for them to move!
So the seller put their house on the market with nowhere to go... it is obvious they only did this on a whim presumably to take advantage of the hot market.usps tracking
I could only imagine this being a win win for them and a pure lose for me if I accept... unless I put in a lowball offer and it gets accepted.
The kicker is that... are house prices going to keep going up and up? Is this “overpriced” house actually a steal when 6 months from now houses that are 1 hour from NYC like this one will be inflated to over half a million?
Any opinions and advise on this?
Read your post back to yourself now that you’ve had some time away from it, so that you can realise how fucking stupid this sounds.
Find another house and if that seller decides to contact you, tell him to fuck off.
Agreed. Unless it is the only house you can possibly see yourself in (hah), tell the seller to sit on a fist. Lot of opportunistic listers like this in tri state area (and everywhere I'm sure) out there unfortunately. I was engaging with this guy who insisted that I buy six figures worth of fancy furniture with a home- I relented after a long battle as the final straw to get the deal done. Then this prick tried to pull the furniture out of the deal and say that was the new offer price...just bad faith through and through. Your sellers may not necessarily not be this big of assholes, they just don't seem in a need to sell and now they know you want the house. Or if you want to negotiate an option (sounds like a pain in the ass for a house of this value) you could paper that up but try to avoid putting any real money in escrow/deposit.
For a price Ugarte, for a price...
You could add a contigency where the escrow account pays you interest. That is a lot of time for capital to be locked up, and the seller should be aware that should change the price.
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