My house has been on the market since Halloween. We have not had one offer until today. It is listed at $222,000 and the first offer came in at $218,000. Should I waste my time and try to negotiate and risk losing the buyer or just accept the offer. I have 3 kids and a wife in a 3 room house - we need to sell !
2007-01-29 07:21:00 · 12 answers · asked by Big AZ Guy 1 in Business & Finance ➔ Renting & Real Estate
If you need to sell, sell it! $4000 on a 220,000 dollar house is not a lot to lose. You are probably coming out ahead anyways. Remember, this is a one and only offer. You may not get another for a while.
2007-01-29 07:30:29 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Take the offer. It is not that much less. There are some homes in California that have been on the market since summer and people have reduced the price by almost $30,000. Consider yourself very fortunate.
However check the fine print of the offer to see if there are other conditions like credit for closing costs, etc. Also not to be too pessimistic but accepting the offer is only one step. My family wanted to put a bid on this one house but someone else beat us to it and theirs was accepted. So we bought a different house. However, that first house is still on the market for some reason the buyers didn't purchase it. (They were 100% financed so probably the financing probably fell through)
2007-01-29 16:23:59 · answer #2 · answered by G 2 · 0⤊ 1⤋
Hey, if your house were only on the market a month, wouldn't you seriously consider this offer? You have considered that you might have to come down on your price, right? What's the average days on market in your area?
I think the holidays, between Thanksgiving and New Year's, can be a very slow time for residential real estate, but I saw activity at open houses in my neighborhood yesterday and it was cold!
Take the offer!!
2007-01-29 15:53:10 · answer #3 · answered by leaselg 1 · 0⤊ 1⤋
Take that offer and tie their feet in so tight they can't get out without leaving skin. Tell your realtor. I not only accept, but make sure they are very well qualified, cash that earnest money right away and get this baby closed.
Go for it!! The first buyer is the best one, 9 times out of 10. Sellers lament, if only I would have taken that first offer.
Best of luck congrats!
2007-01-29 15:40:26 · answer #4 · answered by Anonymous · 0⤊ 1⤋
read the offer again, make sure there are no conditions. Rule of thumb with agents- first offer is usually the best offer. 4K not a big deal, I know it is to you but consider how long its been on the market, as long as there are no additional terms and conditions ie: closing costs to buyer---It's a good offer. Your agent should be telling you this and advise you accordingly.
2007-01-29 15:45:23 · answer #5 · answered by sylviavnpttn 5 · 0⤊ 1⤋
I say sell its only $4000 off. Thats not bad at all. Some people will be offered over $10,000 below price. If you need help on your next house ill be happy to help.
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2007-01-29 15:28:44 · answer #6 · answered by condorcall02 2 · 1⤊ 1⤋
Wow, that's only $4,000 below asking...what an awesome offer! Take it and run.
Watch out for inspections, though! If they come back and want to buy it for even less due to improvements that need to be done, you may end of having to do some wheeling and dealing.
2007-01-29 16:18:41 · answer #7 · answered by KL 5 · 0⤊ 1⤋
I'm not sure where you live but here in MD $4,000 under list price is still a great offer. If you really need to sell I would just take it. Good luck.
2007-01-29 15:25:26 · answer #8 · answered by Pippa 2 · 1⤊ 1⤋
Its only 4,000 less than your asking price, and if you havent had one single offer, I would go for it. You will get a new home and so will the person that is making the offer, two parties of people will be happy because of this. =)
2007-01-29 15:39:21 · answer #9 · answered by ♥♫♥ Crystal ♥♫♥ 4 · 0⤊ 1⤋
Yeh defo, you've been waiting what..nearly 3-5 months and not got one offer, definatly take this 4k is nothing really...
2007-01-29 15:28:51 · answer #10 · answered by Anonymous · 1⤊ 0⤋