Asked by Lippers, • Tue Jan 22, 2008
Our house was priced at 600K and we recieved an offer for 552K. 8% less than asking. Our house was priced very well given the market. The house has been on the market for less than 3 weeks and this is our first offer. Our new home won't be ready until , so we do have some time.
The buyer would like to settle in less than 1 month. This would force us to move into temporary housing. It appears like they are very motivated buyers.
We countered their offer with 595K. Decided to give a little to see if they were serious.
What have been your experiences dealing with low offers in today's market?
Thanks in advance for your advice!
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