Christine

Thanks for all the quick responses.

My agent did provide me with the market comps & that's where I got my idea that the property is overpriced. The comps have sold about $380 per sq foot & this house is $420 a sq foot. My offer was under the $380 a sq foot but I thought they'd counter & I'd offer more to be competitive with what else has sold recently. With their $20k deduction, we are closer in price but I don't want to "insult" them with another offer too low nor do I want to leave any money on the table.

Other noteworthy items may be, it's be on the market a little over 60 days, it is vacant but the sellers are local & there is probably about $20k in upgrades/remoding that is needed.

Thanks again for the help. I find all of the responses very informative!

Christine ... the 1st time homebuyer :) - Fri Oct 5 2007, 13:02