Property Q&A in 91104>Question Details

Alison, Home Buyer in Pasadena, CA

I offered $370K for this home and they sold it for $319, what was wrong with my offer?

Asked by Alison, Pasadena, CA Mon Oct 13, 2008

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This question is about this property: http://www.trulia.com/homes/California/Pasadena/sold/4150159…

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Answers

5
Maybe they accepted an all cash offer. Cash is king, and that's what the banks want. Good Luck
0 votes Thank Flag Link Tue Oct 14, 2008
Hey Alison,was your offer written and presented to the seller by your agent ? Your offer was great,so check with your agent. Good luck, Liliana
0 votes Thank Flag Link Tue Oct 14, 2008
Hello Alison. I researched this home on the MLS and if you didn't submit a prequalification letter from Countrywide, that may be the reason your offer was rejected. The language in the MLS stated "...All offers must be ....accompanied by a prequal letter from Countrywide. No exceptions. ..."

If you don't lose faith and keep looking, you will find the "right" home for you. Best of luck.
0 votes Thank Flag Link Tue Oct 14, 2008
Hi Alison,

I'm sure you agent is just as concerned as you are as to why that happened. That does not make much sense. Talk to your agent for some answers.

Good Luck.

Gary Gukassian
Beverly Realty
0 votes Thank Flag Link Mon Oct 13, 2008
Wow Allison, that's a hard question to answer without having more information. Have your agent contact the seller's agent to see if the terms were significantly different.

Best of luck to you!
0 votes Thank Flag Link Mon Oct 13, 2008
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