For the praying type (NBR & long):

horizon1322

I would greatly appreciate a quick prayer for my sanity. Some of you may remember we have been looking at buying a house for the past 4 or so months. We were preparing to make an offer on this house in the next few weeks. Well, I received an email last night from the listing agent saying they were expecting an offer from someone by this evening and if we were going to make an offer, we should do it now in order for the two to be considered together.

So basically, today has been filled with stress and panic. We didn't have a buyers agent so I managed to secure one at 7:30 this morning. I have been trying in vain to get in touch with our landlord (long backstory there), but he has yet to call me back. I had a meeting from 10-2, but I begged off work for the rest of the day and spent about 1.5 hours at the bank (and of course interest rates have gone up since we last checked). DH is gung-ho to get an offer in tonight, and we are meeting with the agent as soon as DH gets off of work. However, I'm terrified. With rising interest rates, I'm not comfortable with our offer (which is higher than planned due to the other offer), and I want to make sure our landlords will work with us before we submit an offer.

Please pray for my sanity in the next few hours and send good thoughts! I have no clue what to do, and DH is getting frustrated because he sees the house slipping away from us.

firsttogo

Please make sure that your Land Lord will work with you first, and get it in writing. Ours acted fine, and then sued a month or so after we closed. It cost us 12000.00 in fines, court costs, and legal fees when all was said and done.

LadyGooGoo

If you're not comfortable, don't do it. They may not have any other offers at all and just want you to up your price. It may seem like the perfect house could slip away, but this doesn't sound like it's the perfect house for you. Another house will come along. Be patient

horizon1322

LadyGooGoo:

If you're not comfortable, don't do it. They may not have any other offers at all and just want you to up your price. It may seem like the perfect house could slip away, but this doesn't sound like it's the perfect house for you. Another house will come along. Be patient

The main problem right now is DH because he is frustrated that I'm freaking out about making an offer now. Part of it is justified because I'm probably overreacting because it is just unexpected. We were planning on making an offer in the next couple of weeks, just not today.

I've been of the mindset the whole time that if this house doesn't work out, it doesn't work out. And while I'd be upset to lose this house (because it really is perfect if we can get the price right), I'd know it just wasn't meant to be. But, as I said, we've been looking at this house for over 4 months now so DH doesn't want to risk it (or something like that).

Do agents really lie like that (making up offers)? I've been suspicious that she might just be trying to get us to go ahead and make an offer, but my desire to trust in the basic goodness of people convinced me she couldn't be lying.

LadyGooGoo

IMO, some agents do. They tell you to come in with your best and strongest number so you can compete with "the other offer." I imagine that if you've been eyeing this house for 4 months, you were intending on putting in a low ball offer because it's been sitting for so long. From your posts, it just seems to me that this may be one to pass on. Or at least put in the offer you were expecting to put in and see what happens. I know how stressful this can be, we finally bought our home after 1yr+ of looking and after every 'perfect' house we were outbid on, a better one came along. GL!

greenclown

horizon1322:

Do agents really lie like that (making up offers)? I've been suspicious that she might just be trying to get us to go ahead and make an offer, but my desire to trust in the basic goodness of people convinced me she couldn't be lying.

We're also in the middle of buying a place (had our inspection yesterday, P&S should be in place any time now), and I'll say this: every single time we showed even a remote interest in a place, there was suddenly another offer expected. ?Every last one of those places is still on the market.

Do not rush into this unless you are 100% comfortable with it. ?We found a place that we thought was perfect, and we were crushed when it didn't work out. ?It turns out that it wouldn't have been perfect, so it's a relief that it didn't work out, plus we love the place that we're buying even more.?

Definitely make sure you've got it all worked out with your landlord before you do anything, and get it in writing.

Good luck!?