James S
Flashlight Enthusiast
you already have a contract for a new house and are closing in 2 months, it's a huge buyers market with so many houses on the market and nobody buying anything in the area.
Someone makes you an offer that is lower than you would like to sell it for do you:
a: make a counter offer to see if they can come up and negotiate
b: laugh at the signed paperwork in your hand and refuse to even respond.
I'm thinking that perhaps I dont want to buy the house from this person since they couldn't even be bothered to make a counter offer. How hard is it to tell your agent to put down a price and send the paper work back. Why would you blow off the ONLY offer that has been made on your house in the last 60 days when the clock is ticking on your ending up with 2 mortgages?
I dont actually HAVE to move, but this was a pretty sweet house at a good price. But you have to make a low first offer. Nobody ever accepts a first offer do they? Is there something I dont understand about selling a house even though I've done it several times myself...
It's good really, we weren't really looking to move when we were pointed to this house by a friend who thought it would be good. So we can either go to some open houses and make another offer in a month when his house is still on the market (which it will be probably as nothing is selling) and he's that much closer to his new closing.
The point to take home here people is when selling a house there is no offer that is "insulting", you ALWAYS make a counter offer. You can't expect the other guy to give you what you're asking unless you're in one of those insane markets which are rare and unusual circumstances. So at what point do you not even bother to counter? How can he possibly tell what I would have agreed to if he doesn't even try?
I just think it's so funny, he could have had it all sold and all the stress off him by Christmas. I would have negotiated. I would not have had any contingencies for a loan or for selling my own place as I've wrapped those issues up. I would have come up considerably in price probably to a point he would have been happy with, I just wasn't wiling to start there and then go up further.
I fear that he's getting some bad advise from his real estate agent... We have kids not too far apart in school together as we're in the same neighborhood. I can't wait to run into the guy a year from now and mention how we would have bought it if he had bothered to respond
Someone makes you an offer that is lower than you would like to sell it for do you:
a: make a counter offer to see if they can come up and negotiate
b: laugh at the signed paperwork in your hand and refuse to even respond.
I'm thinking that perhaps I dont want to buy the house from this person since they couldn't even be bothered to make a counter offer. How hard is it to tell your agent to put down a price and send the paper work back. Why would you blow off the ONLY offer that has been made on your house in the last 60 days when the clock is ticking on your ending up with 2 mortgages?
I dont actually HAVE to move, but this was a pretty sweet house at a good price. But you have to make a low first offer. Nobody ever accepts a first offer do they? Is there something I dont understand about selling a house even though I've done it several times myself...
It's good really, we weren't really looking to move when we were pointed to this house by a friend who thought it would be good. So we can either go to some open houses and make another offer in a month when his house is still on the market (which it will be probably as nothing is selling) and he's that much closer to his new closing.
The point to take home here people is when selling a house there is no offer that is "insulting", you ALWAYS make a counter offer. You can't expect the other guy to give you what you're asking unless you're in one of those insane markets which are rare and unusual circumstances. So at what point do you not even bother to counter? How can he possibly tell what I would have agreed to if he doesn't even try?
I just think it's so funny, he could have had it all sold and all the stress off him by Christmas. I would have negotiated. I would not have had any contingencies for a loan or for selling my own place as I've wrapped those issues up. I would have come up considerably in price probably to a point he would have been happy with, I just wasn't wiling to start there and then go up further.
I fear that he's getting some bad advise from his real estate agent... We have kids not too far apart in school together as we're in the same neighborhood. I can't wait to run into the guy a year from now and mention how we would have bought it if he had bothered to respond