From what our realtor said, it doesn't sound like the bank is going to accept our first offer. Hopefully, the counter offer will be acceptable. We are approved for the full asking price of the house, but hopefully they will accept a little less than their asking price anyway. Negotiating is scary. I really want this house. When I was in it, I felt
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I managed to get about $3,500 back from the seller for all the various costs that went into purchasing my house. They were going to pay to break my lease, but my lease happened to expire right before the closing date, so it worked out.
Just remember, it IS a buyer's market still, even though the housing economy is getting better. You still have the upper hand. They'll try to trick you into thinking you don't, but you do.
Good luck!
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