Resale Bid Question

[Toreby]

Offer whatever you feel is an acceptable price. If someone feels you're wasting a minute of their time as they have to reply "no" to an email, so be it. It's a business transaction. Some sellers list their contracts 15% or more above market price hoping someone will just pay the price.

 

[Steph01002]

We bid/paid full asking price for our contract. First contract and just wanted to get it. Hoped the slightly higher price and slightly delayed closing would help us pass rofr. It was still much cheaper than buying direct. A few hundred dollars doesn't make a whole lot of difference if we think of the cost over the life of our contract. We also lost out on buying a foreclosure house by about $400 (HUD), so we aren't going to do that again. If we buy more resale, I would bid lower knowing I already have a set of points to use.

 

[elle-jay]

Thanks for responses everyone. We put a bid in on a good contract for us on Thursday. We bid $7 under asking and in a couple hours agreed on $5 less with document submitted to Disney. We're now in ROFR!