As the previous answers correctly state, it depends on the comps. Their counter may be a great buy, or it may be a terrible one. It depends on what others are selling for. And, as also noted, it depends on how much you want the property.

Without knowing anything more--and without pretending to--from the history of your negotiation it appears that the sellers are pretty motivated. As a practical matter, since you already offered $750,000, you've established that as a floor. I don't know what the transfer tax is, but I'd guess that their counter actually doesn't net them too much more than $750,000 if they're paying it. In hindsight, you might have been able to come in a bit less. Still, if you're comfortable with $750,000 (and the comps support that number--after all, if you're financing it you'll have to get it appraised), work the numbers with your Realtor. You can always counter again--and you should if the comps don't support the price--but recognize that a counter is actually a new offer, and the deal could fall through.

So: Good deal? Impossible to say. Motivated sellers? Sounds like it.

Hope that helps.

ASophiem,
What determines if it is "a deal" or not objectively is analyzing the comps. You, or a good real estate agent (and I certainly hope you have one representing you to take the doubt and uncertaintly out of it) would look at the current comparable properties on the market, what the asking price is and the time on the market. Then look at those that are currently in contract. Then look at those that have recently sold, what they sold for and how long they were on the market.
Then there is the point of view of "is it worth it to you,?" as mentioned below, but the problemwith the view that value is in the eye of the beholder is that unfortunately it is in the eye of the appraiser. I might be willing to pay $1 million for something I love, but if an appraiser, who bases his opinion on the comps, says it is worth $800K, I'm not going to get that mortgage. Not unless I am all cash.
Hope this helps.

Jenet Levy
Halstead Property
jlevy@halstead.com
(212) 381-4268

Dear Sophiem:

Only you can make that decision. beauty is in the eye of the beholder and the opinion of property values vary from buyer to buyer. You need to figure out how much you feel the property is worth, or what the most you are willing to pay and offer accordingly.

You mention that the market is saturated, but to me that is a moot point because many times a seller does not care about that stuff, they want what they want and that's it. Again, you simply need to make your offer taking all factors into consideration.

Once you start negotiating there comes a point in time where it becomes "take it or leave it." This is true for both parties involved. If the sellers decided that their take it or leave it figure is, as you stated "775 plus they pay transfer tax," then the ball is in your court so to speak.

You can either accept their terms and make the deal (I suggest you do this if you really want the property) or respond to them with your own "take it or leave it proposition." Either way be prepared to accept the results, there should be no regrets later on!

Hope that helps you, good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, inc.
Office: (718) 645-1665
Email: MitchellSFeldman@aol.com