Counter-Offer

[squad]

If my offer was insulting, their counter-offer was equally so. My offer was 13.5% below their asking, their counter was 1% down from their list price.

I can assume the fact that they had recently come down 8% 2 weeks ago may factor into this.

To the haggle-mobile!

Comments

[draxius]

13.5%... hmm... your assumption is likely correct.

May your haggle-mobile be fueled by the tears of your enemies...

[acardart]

ditto on this

[pix3ie]

I'm going car shopping, but I work in the financing end, so I know a guy...

[aakin]

Your offer isn't that insulting. Their counter-offer definitely is. Whether or not their price has come down doesn't matter... what the price was when you offered is what's important. Clearly the market doesn't support their price, or they wouldn't have to come down.

It's your money... if they want it, they need to meet your terms. You have the more valuable asset in this transaction.

[mobiboros]

This ^.

Plus, the longer the house stays on the market the LESS likely it will be sold. People see a house listed for hundreds of days and think "What's wrong with that place that it won't sell?" and avoid it.

[squad]

Yeah, the only problem is the house hasn't been on the market that long.

The main thing I have is the ability to walk away.

[aakin]

The house hasn't been on the market long, and they're already lowering the price? They must be anxious to sell.