Asked by Gary, Dayton, OH • Wed Oct 22, 2008
So, my wife and I decided to bid on a home. The home was listed at 214,900. We knew that it was originally listed at 237,00 in the early summer, then 230,000 for the mid summer through mid September. We were repeatedly informed that the sellers just wanted an offer...any offer. "They're very desperate..." So, we decided to offer 200,000 and they pay 4000 in closing costs. (a low ball? yes, but also they're first contract in quite some time) We just got their counter. These desperate people who just wanted to unload countered at 214,000 and took some of the appliances off the sale (1500 worth of washer and dryer)!!!! I was pretty floored. They essentially raised the price. So, we talked it over for all of 15 minutes, called the realtor and told her we'd go to 207,000 and that we weren't interested in a counter. So, I'm wondering if we made the right move by going to the midpoint and saying take it or leave it? What would you have done or advised?
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