Let us be straightforward, sellers are trying to save money, you are trying to save money. Now you have this situation. Lawyers doing their jobs, Doctors doing theirs, and we are doing our job. I have many lawyer friends, trust me highly paid ones, specialized in their areas, but always looking for my help and assistance in residential or commercial real estate services, not because there are not knowledgeable, or so, but because they are doing their job, fully busy and lot of practical nuances they donâ€™t know, of course if they are not real estate attorneys.
See, I am not talking about agreements, but about practical knowledge, and as you see your questions are based on lack of experience and practical knowledge. And agent service is free for you, because seller pays for buyerâ€™s agent as well. Why not to use the agent service? There is only one reason, which is most probably not working well, and you did it.
Trust me, the agents posted their answers here are experienced ones and can write a book about all practical nuances, negotiation strategies and tactics in real estate. It takes time, intensive training and hundreds of closed sales.
Your offer is only 30K below asking, but you are willing to go to asking price and perhaps above it. Why you didnâ€™t give them the full price in the first place? I am sure spending two years looking for the â€œperfect homeâ€ is more expensive than $30K. FSBO is a very sensitive area and they put their maximum turning point with it. You should give them the full price and based on my experience probably would get your acceptance in 24 hours or less. But now, you opened a lot of doors for negotiations, with your and other offers, now there are relaxed and have more time to play the â€œgameâ€ and donâ€™t forget about your competition in Burbank. I am a local agent and as you know there is not much supply outside (even though banks are keeping the houses artificially on their balance sheets. Thatâ€™s a story itself.)
In CA the seller doesnâ€™t need to officially reject an offer, if not accepting. If there is a listing agent involved at minimum they can do is send the buyerâ€™s agent an email or yet alone give them a courtesy phone call. Thatâ€™s all.
Should you need any assistance or help, feel free to call me anytime at (818) 281-5889 directly or to any good agent in Burbank area.