Asked by Debi Stoliar, Oakland, CA • Thu Aug 9, 2012
Quick background: I've been looking for 7 months, at first it was loft condos, then we moved on to houses because of lack of inventory. In the past months we have put in 8 or 9 offers, 2 of the most recent ones were 25k and 30k over asking price. The latest rejection was today for a short sale, our offer was asking, same as the winning offer, but their "terms" were better. I've asked my agent how we can make my terms better. I have looked online for advice. I have not been able to come up with a good answer and the most my agent has done was shorten a few periods of time. I'm not willing to remove an inspection contingency, that sounds like trouble. What should I do?
Also: I know nobody can predict the market, but was is the general opinion on things slowing down by fall/winter? I've been at it for more than half a year. I look at new listings every day. I've been going to open houses every single weekend for months. Is there light at the end of the tunnel? I'm getting desperate!
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