Cp, sorry to have hijacked your thread. What exactly is a binder? Was anything signed? If not, as Gizmo said, you're pretty much out of luck.

Gizmo, sorry to hear that. We haven't made any new offers but a couple of houses we liked that we thought would sell very quickly have not and since they were about 100k out of our price range, we're hoping they'll fall a bit but not optimistic. One thing I've learned on these boards and doing research for posting on these boards is how expensive it becomes to seriously overpay for a house, which has made me even more cautious. Good luck.

Hi Zack,

We bid on one house in Chappaqua and one in Bedford asking both for about an 8% off the asking price. They both turned it down! We can go up but we're thinking whether we should see what else will come out on the market. Although it doesn't look like many houses are coming out on the market anymore.

Cp, I know it's unfair but NYS is very strict about real estate contracts being in writing. So a verbal offer/acceptance doesn't mean much. I think the seller's agent is kinda stupid though. If I were him/her, I would have come back to you and asked you whether you want to outbid the other offer (at least gave you the choice even if you turned it down).

Gizmo, welcome back. Did you end up making an offer/purchasing that house you were looking at?

Yes because the seller did not sign anything.