Interpretation of Seller Behavior

  • Erstellt am 2021-01-12 20:56:45

moHouse

2021-01-17 19:20:10
  • #1
If that is the case, then it is really bad style!

Bidding process is all well and good. But no longer, when everyone agrees and the buyer goes to the bank.
What happens if someone outbids? Should they go to the bank and ask to increase the current application again?
How many times should they play that game? And everyone else as well?!

That can also look funny on the credit report.
 

bra-tak

2021-01-17 19:37:06
  • #2

Last contact was from me 5 days ago with the note that I did not do very well presenting him the first offer. I said we are talking to our bank to get an assessment independent from our appraiser. Since we would finance 100% anyway, the bank also has to give its approval for the finally negotiated price. Then I wished him good luck and said I might get back to him if we could or wanted to increase our offer. That was it, no request for feedback.


That's why I held back a bit 5 days ago, because you never know how such a story will continue. I pointed out that we didn’t handle the placement of the first offer very smoothly and were a bit naive, and we by no means wanted to badmouth the beautiful house. The way it was done was just based on our inexperience.


My wife and I are already thinking along those lines. That would exactly confirm what I already expressed in the first post of this thread. But we don’t really know.
We’ll wait and see how our bank evaluates the issue this week; our advisor is always very open. Meanwhile, we won’t respond to him. And if after 1-2 weeks the offer is still standing, then I can probably assume that the sale (once again) has not gone through. Only then will I get back in touch with him.
 

apokolok

2021-01-17 20:31:50
  • #3
Yep, let him sweat. I would wait as long as possible and then approach him again with a finished offer, including a bank confirmation of your maximum amount (e.g. 380k). Ideally, also with a notary appointment already scheduled, which you can always cancel if it doesn’t work out. Also with a clear, manageable deadline and the note that this is your final and highest offer. He just has to say yes, then he’ll have the money as soon as the disbursement requirements are met at the bank. Unless someone else swoops in beforehand, and I don’t think that will happen, he will accept and want to close the deal.
 

ypg

2021-01-17 21:24:13
  • #4
I briefly looked into some parts of the video this morning. Ultimately, they really were more "bad things," like beds need to be made, a funnel lamp on the terrace, the chimney still needs to be painted, baseboards are missing. This contradicts in my opinion the bustling approach with a 2-hour video. He wants to sell quickly at all costs, but there are quite a few issues inside. It’s a shame the video is so long. Because of lack of time, I probably won’t watch more. I would be interested to know whether he put more effort into homestaging than with the photos: there are boxes and construction boards everywhere.
 

bra-tak

2021-01-17 21:45:31
  • #5
It was a construction site when we were there. But I didn’t find that bad. Someone who needs to be convinced by the viewing first will certainly find that off-putting.
 

WilderSueden

2021-01-17 21:57:32
  • #6

Cold rent is not in the exposé but the warm rents are. Total is 25,564€ per year. That easily makes 49 annual warm rents for the purchase price including incidental costs, cold rents correspondingly more. The tenants can expect rough treatment if it is sold that way.
 
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