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Should I bid more or leave my offer as is with the bank saying best and final offer?

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June 24 - Myrtle Beach

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jennifer mullen, "mbrealtor1111"
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jennifer mullen, "mbrealtor1111"

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Every buyer I have worked with that did not increase or improve their offer in a multiple offer situation lost the property. That said, they all found something else to buy. It all depends on how much you want it.

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October 06

NTETS, "Caveat Emptor"
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NTETS, "Caveat Emptor"

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90% of divorces are because of infidelity or financial problems... love fades but this bill will be around "forever"

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June 26

MJCLEAN
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Leave it, unless you are in love.

You can't put a price tag on love.

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June 26

NTETS, "Caveat Emptor"
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NTETS, "Caveat Emptor"

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leave it and keep looking for a deal.

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June 26

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As the chart and numbers below the chart indicate your region had single digit appreciation close to inflation. Prices went up with incomes.

After 2004, prices went up double digit while inflation and incomes went up single digit. Your home prices outstripped incomes and inflation by ar large margin. MB has been declining for the past 6 months only and need to correct for the inflated prices of the near decade. This will continue for some time.

The gap between incomes/inflation and home prices will close as prices continue to decline.

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June 26

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See long term price trend for Myrtle Beach. You still have a risk
on falling prices.

http://www.housingbubblebust.com/OFHEO/Other/SouthAtlantic.html

I suggest you pin your first offer down and dont cave in to their pressure to re-inflate prices. Fact is your offer should be discounted by 5% or more. If I was you I get into their face, and make them prove their are multiple offers and if need be, bring a lawyer. For what its worth, this is widespread fraud.

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June 26

Nathan Wolf, "natewolf"
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Nathan Wolf, "natewolf"

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Depends on the value and what you are willing to pay. If they are asking for Final/Best, they may have other offers on the same property. Price (net to the bank) is their main goal. But not always. Sometimes removing contingencies is also an important factor-- cash is king. So the faster you can close, the less contingencies, the better for the bank.

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June 26

nvchaz
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nvchaz

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Leave as is... this is a game -- do not play.

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June 24

Chip Streater, "TarheelChip"
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Chip Streater, "TarheelChip"

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I'm not familiar with the whole story, but the topic reminds me of the advice Jim Cramer gives. "Don't be a hog, be a pig, hogs get slaughtered".

Good luck on your purchase. I hope you get what you desire.

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June 24

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Should I bid more or leave my offer as is with the bank saying best and final offer?

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Related Questions

Question Should I bid more or leave my offer as is with the bank saying best and final offer?

Question Never use Coastal Funding. They are a nightmare.

Question I am looking at buying a Duplex home in SC. It was 240,00. now 165000 should I buy it?

Question value of 117 marsh rabbit drive, myrtle beach sc 29588

Question is their a legal timeframe that the listing agent must get an offer to the seller in the state of SC

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