Quote:
Originally Posted by kstew43
anyone else remember the line...you must be ready by 5:01 to buy, I can only hold the house for you for 2 hours, then, my fellow sales agent is going to sell it to his client. I need your decision NOW, what are you going to do.....?
That was high pressure...... and we fell for it....
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I wish we
would have fallen for it because we would have been $250,000+ richer if we had. The first time we were going to buy was exactly this situation. We decided not to go for it and it went down the line to the next person. That house has since resold for close to double the price we would have paid. At the time, I believe all of those properties sold within a week or two. When an area is "hot", or the demand is more than the supply in TV, this becomes a real situation not one made up by the agents. Too many of us have experienced this first hand to know sometimes this is how it goes down.
The property we ended up purchasing went on the market at 5pm and we made contact with our agent and put a deposit on it by 5:05pm. That entire neighborhood also sold very quickly.