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I just offered 55k over asking, pay some of their taxes, closing costs, and 15k appraisal gap coverage, and lost the bid. It's fucking insane. I am basically bribing people for the privilege of buying their house. This is the second one to fall through. I'm now looking at houses with 100k lower asking than the amount I'm actually targeting, just to have enough to be able to throw the biggest bribe at them. FUCKING SUCKS, I'm finally making the kind of money to get into an amazing house and here we are. Fuck.

I just offered 55k over asking, pay some of their taxes, closing costs, and 15k appraisal gap coverage, and lost the bid. It's fucking insane. I am basically bribing people for the privilege of buying their house. This is the second one to fall through. I'm now looking at houses with 100k lower asking than the amount I'm actually targeting, just to have enough to be able to throw the biggest bribe at them. FUCKING SUCKS, I'm finally making the kind of money to get into an amazing house and here we are. Fuck.

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[–] • 0 pt (edited )

I bought my dream house two years ago and experienced the same thing - losing bids when I'm over paying ask etc. Everything went through the same process: House goes on the market like Wednesday, if you want a private showing do it Thurs or Fri, weekend open house, Monday they call all bidders and tell everyone, "Oh you're in the final consideration what can you do to make your bid better?" then pick someone Tuesday. All bullshit. I gave you your price, I have the cash, fuck you.

I finally got one by using this tactic: Here is my bid. It is over your ask. It is take it or leave it though. Accept it by tonight or it's gone cause I can't sit around waiting on you and need to go bid on something else if you don't want it. I got the first house I bid on with that.

Great house, love it.

[–] [deleted] • 0 pt

This is what I've felt like doing but was worried I was just being headstrong and not focused on my goal. But yeah, once they ask for some additional concession I want to tell them to fuck themselves. But I also want the house. Good to know that's a functional strategy.

And congrats!