The day I got outbid by a cash offer and then found a better deal

Last month I had this wild week where I put an offer on a cute 3 bed in Austin for $350k. Got beat out by an all cash buyer who offered $20k over asking, felt awful. But then three days later my agent called about a house that just hit the market that needed a little work but was way better for the same price. Ended up closing on it for $345k and got a $5k credit for new windows. Has anyone else lost a bid only to find something better right after?

3 comments

3 Comments

val97419h ago

Oh man that's basically exactly what happened to me last year. I was so bummed about losing this bungalow in my neighborhood to a cash buyer who went way over asking and then literally the next week found a fixer upper that ended up being way more square footage for less money. Sometimes the universe just works out weird like that.

andrew_baker915h ago

Ngl, this whole thread is giving me whiplash. One minute you're crying over a lost bungalow, the next you're somehow winning the lottery on a fixer-upper. @adam414 is probably right, but let's be real, the universe definitely had a sarcastic sense of humor here. It's like it was saying "Oh, you wanted that cute little house? Here's a bigger one with peeling wallpaper, good luck." Honestly, that's not even bad luck, that's just the housing market playing hard to get.

adam41416h ago

Whoa hold on, I think you might be mixing up a couple things. The universe didn't work out weird for you, it worked out because you kept looking after a setback. Losing that bungalow stung but then you found a fixer upper with more room for less cash. That's not random luck, that's you refusing to give up and then making the right call on a different property. Too many people would've just sat around feeling bad instead of jumping on that next opportunity.