Seller/Realtor listing price not what they wanted and their games impacted my credit.

I’ve been looking to buy a home this summer and finally found a home I wanted to make an offer on. I offered slightly above list with waived contingencies and more to make my offer the best. I worked with lender and realtor all day and late into the night to pull offer and pre approval together, time nobody can ever get back. I waited to have my credit pulled until I wanted to make an offer.

The sellers had 2 offers and mine was better but said they were looking for a “wow” offer, not their list price or slightly above, we were both turned down. The next week they increased their list price $80,000, prob got more offers like mine, so they really messed with a lot people.

Everyone says credit inquiries only impact your score by a couple points, this is not true, mine dropped 24 points, NOTHING else changed on my credit report only the new inquiry from the lender, that’s it.

Just feeling super burned and their games messed with my financial and housing situation, there was another home I wanted to make an offer on but chose their house and the other house went pending in the meantime. Now I need to wait for my score to increase to get the best rate possible to buy a home.

I’m wondering if there’s anything I can do to prevent this in the future? Seems there is not and it’s just a gamble if sellers are being honest. I could understand if there was a better offer, but no just games. Seems sellers can just mess with people’s finances, time, and housing either playing games or getting cold feet on selling. Feeling burned and want to prevent in future since this was my first offer.

submitted by /u/1_Fresh_Loaf
[link] [comments]

I’ve been looking to buy a home this summer and finally found a home I wanted to make an offer on. I offered slightly above list with waived contingencies and more to make my offer the best. I worked with lender and realtor all day and late into the night to pull offer and pre approval together, time nobody can ever get back. I waited to have my credit pulled until I wanted to make an offer. The sellers had 2 offers and mine was better but said they were looking for a “wow” offer, not their list price or slightly above, we were both turned down. The next week they increased their list price $80,000, prob got more offers like mine, so they really messed with a lot people. Everyone says credit inquiries only impact your score by a couple points, this is not true, mine dropped 24 points, NOTHING else changed on my credit report only the new inquiry from the lender, that’s it. Just feeling super burned and their games messed with my financial and housing situation, there was another home I wanted to make an offer on but chose their house and the other house went pending in the meantime. Now I need to wait for my score to increase to get the best rate possible to buy a home. I’m wondering if there’s anything I can do to prevent this in the future? Seems there is not and it’s just a gamble if sellers are being honest. I could understand if there was a better offer, but no just games. Seems sellers can just mess with people’s finances, time, and housing either playing games or getting cold feet on selling. Feeling burned and want to prevent in future since this was my first offer. submitted by /u/1_Fresh_Loaf [link] [comments]

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