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#2 in line -are there tricks to get to #1?

The hubs and I really want a house and a developer got their offer in before ours. The owners claim to want a family that will not split up the lot, which we won't. (Developer will.) We're in line #2 at asking price behind the developers. Are there any tricks or tips that could help us get this home? Our realtor is on vacation and his stand-in is just not as perfect as he is, although they are both great. Thanks for any advice!
  • October 09 2013 - US
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Answers (4)

Profile picture for livingliminal
Thanks everyone!
We're pretty sure buyer #1 has a binding offer, as we have "docu-signed" to be #2. (Are there reasons it wouldn't be binding for them?)

This is a trustee situation as well, so I know they want the most money they can get, although the selling agents stated they were really looking to keep the lot intact and sell to one family. I'd offer more if I Thought it would do any good.

We did include a really good letter with our offer, but unfortunately we didn't even see the house until buyer #1 had already offered and sellers had countered to them.

I might try to find who the developer is and bribe and/or barrage them with cookies every day, or look around for that endangered species. There must be a Jackalope around there somewhere - it's a 1/2 acre in the city!
  • October 09 2013
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Price is not always the answer. 

When is your Realtor® due back in town? Best option is to 
1. Find out if the other contract is binding (If so, as Mike says nothing you can do except be a back up and hope #1 backs out.)

2.  Have the Realtor® do some digging to see what is the seller's "buttons".  It could be time for closing, rent back, keeping the lot together (As you mentioned) and it could be the best price with the cleanest terms (maybe the other is a cash offer and yours is financing).  

If the other offer is already accepted, you will need to be a little quicker.  Many times when Realtors® say "this is a great price and it wont last" it is not just a sales tactic. 


Hope this helps and good luck.  
  • October 09 2013
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If offer #1 has a contractually binding offer with the seller, there's nothing you can do - not even raise your offer.

Your only course is to hope that buyer #1 opts to cancel the purchase agreement or buyer #1 fails to meet a specific deadline within the purchase agreement.
  • October 09 2013
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Simple, raise your offer. Other options: Beg the seller, find an endangered species on the second parcel, make the developer an offer he can;t refuse.
  • October 09 2013
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