Asked by 1st Time Buyer, Santa Cruz County, CA • Sat Aug 2, 2008
Hello. My husband and I have found a house that we adore (this is "the one"...our first home!) and we put in an offer back in May. The owners accepted, however, although the price is fair, it is now considered a short sale (it was an investment). We JUST found out that someone else put in an offer three weeks ago for the same price. Our agent seems to be losing interest and is directing us towards bank owned homes, but we're just not interested (it is frustrating and has caused us to lose confidence in our agent). My question is, what can we do (if anything) to make our offer more appealing to the lenders? We can put at least 20% down, we have good credit, we've more or less been pre-approved by a local lender, and we were the first ones to put in a bid. My husband and I thought to increase our bid but we don't want to send the message that the bid before was too low (it was a fair price) nor do we want to get into a bidding war.
Any suggestions would be greatly appreciated.
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