Thank you. I will email you the info, and would appreciate some insight on it...

Thank you again...would obtaining a CMA give me a good idea on my pricing homesale versus foreclosure? I no longer have my paperwork agent due to the issue I mentioned below.

I would let your Realtor know what is going on. Let him know that if he can't perform you will get someone to perform or you will do it yourself (as in you call the other Realtor directly). I know it can be frustrating trying to rely on someone and not have them there for you. However without knowing his side of the story this is all I can go on. And I by no means want to say anything negative towards your current Realtor. I would think if you have an interested buyer you should do everything you can to try and make that happen.
Specially given this current real estate market.

Everyone here offered some good advice. As a real estate appraiser however, there are a few other things to consider. You need to find out if short sales or foreclosures are 'driving' your market. In other words, are there more short sales/foreclosures than homeowner sales. If they are, then these sales would be considered by an appraiser when your home is appraised. If there are a significant number of homeowner sales, then the short sales/foreclosures would not/should not be considered.

There are some interesting trends starting to happen, especially in the San Diego market. Many of the lenders are now having appraisals completed by FNMA appraiser on homes that are facing short sales or foreclosure. What lenders have found is that many brokers will represent a value to them via a BPO, (Broker Price Opinion) that is very agressive for a quick sale. This has impacted home values dramatically as you can imagine. If a broker is simply motivated by a quick sale rather than the homes value, they are not doing the lender or the other homeowners in the area any favors. Lenders are now turning back to appraisers to validate what the brokers have represented as a homes value.

You need to go back to your broker and have them give you the short sales/foreclosure sales for the area and then give you the home owner resales. That will give you a better indication of what a non-distressed resale would sell for.

As far as the recurring costs, I would wait to see what your broker comes back with and it also depends on your situation.

Well said James. We had someone simply doing paperwork and minor negotiations for us, but it seemed he was more on the buyers side than ours. He also seemed in "awe" of the realtor presenting the offer.
When we needed him most to help us put together our counter, he failed to return our calls...Would it be okay to contact the buyers agent to find out what they thought of the counter and would they be willing to work on it? We have not heard from them, and our helper in this had told us they would most likely not go for it.

I like Antolin answer.
And he is not even and agent =)
The deal is negotiating. You have someone willing to buy your house, your agents should be working to come to a common ground that you the seller and the buyer are both good with.
Call it the "Art of the Deal"

The thing you have to remember is that in a declining market things are coming down and what was, is not what is. Loans are harder to get and there is a lot for a buyer to look at out there right now.
If you REALLY have to sell I would try to work out a deal with this buyer. If you can afford to carry your house and you do not have to sell right now. Play hard ball. It really depends on your situation.

If 1.5% is what you want to offer - than make that your counter. If the buyer really wants your house, that will not stop them. They are trying to get the best deal they can on their home purchase and can you blame them?

You can not let negotiating be personal it is business - after all they is why you higher a real estate agent.

good luck-

Thank you all for the sound advice. We will follow up on this soon. The main issue we had was with the 3% recurring/nonrecurring costs--too high...The price we would be willing to come down in as long as the 3% would come down. We will look into the websites given...

An apple is an apple, and buyers can buy your ripe apple for 27k more than they can buy a slightly overipe or underipe apple for 27k less. Although it might be the apple of your eye, to them it is just an apple. The fact that your home appraised for almost 100k more 1 year ago means nothing, my home was worth 70k more just a month ago on zillow. If you need to sell it to them, take the hit, realize that currently they are in the drivers seat, and move on. If you don't need to sell, see if you can rent out to cover your costs or sit tight. But whatever you decide, you can't look to the market of yesteryear or to whatever you think is fair: the market is the market, and it will determine value. Deal with it.

Linda,
You could try offering to pay some points to buy down the buyers interest rate, so they will have lower monthly payments. You should also check to see what the trend is in your zip code/area for list to sale prices and average and median sale prices versus list prices. You can find that information at...
http://sandicor.com/statistics/stats2008.html although, the data is somewhat off, due to the fact that the MLS has changed to Tempo 5 and the system information for the current months is not available.
You should check on the list prices of your neighborhood at http://www.trulia.com http://www.cyberhomes.com and http://www.realtor.com
The market is slow and prices have tended to come down, with many bank owned properties available at low prices. It will be hard to distinguish your upgraded home from the many others for sale. Buyers are believing that prices will continue to drop, so they will wait or make lower offers. You should consider what may happen if the market continues to decline and you get even lower offers. Alway counter back with useful/accomadating things. Points, closing costs, price etc. When the market returns to a sellers market, things will be different. I know you don't want to hear this information, however, it is useful.