I noticed that you posted your question in August. Did you make a decision? I'm curious as to what happened. You received great advice from other respondents.
What's sold in the area that justifies the bank's counter offer?
What does your agent say? What kind of dialogue have you had? What do the comps say? Banks dont want to give their money away, at the same time, they don't want to own a bunch of real estate. If you are not afraid that the house is priced in such a way that it will recieve multiple offers, I would submit the number that you want....and if they reject it, I would submit another number you are willing to consider. You never know in today 's market until you try.
Best of Luck,
Love and Peace,
Francesca, Realtor, ePro, SRES
Remember the bank is trying to get the best and highest number even in today's market so you should look at the Broker Price Opinion number as I call it and then determine how much you are willing to pay.
Let me know if I can help..
John W. Davis Jr., VREP
RE/MAX Village Square - Upper Montclair
Office: 973-509-2222 x174
Fax: (973) 486-2137
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