More inventory will hit after this past weekend... sales seem to peek during the summer months in the beach - so its a personal choice for you, increase the offer or find another deal. I have a listing I'm cooperating on in Hermosa Beach and the owner sounds very similar to your situation... they know the value of living there and if they can afford to stay then there isn't much reason for them to move (unless a buyer hit's that magical number in their head). In fact, this owner is planning to pull the listing for a few months if nothing comes in by end of month.
Best of luck... exciting times!!
What if you try to meet them half way...and it doesn't REALLY cost you anything???
Increase your offer by $12,500 with the stipulation that the Seller pays all allowable closing costs,
plus the Seller funds a 2-1 Temporary Buydown via discount points at closing.
Your interest rate:
Year 1: 3.5%
Year 2: 4.5%
Year 3-30: 5.5% Fixed rate
Calculate your rate & payment:
Please e-mail me in confidence at the e-mail address on my website for Manhattan Beach Real Estate (And Hermosa & Redondo Beach)...
Direct: (310) 694-3544
I have had things go..both ways.
If you really love the house, and can't stand the idea of losing it, 25K doesn't amount to that much more on your loan, and it won't effect your monthly payments substantially.
If I felt very strongly about a property..I would not let that amount stand in the way.
So, If it's meant to be, you will get that home.. If not, it just means there is something better around the corner...
Keller Williams realty
Hope this helps
First Team Real Estate