My wife and I found a house for $185,000.. We offered them $180,000 and also that they pay our closing costs.
They counter offered $186,000 and they would give us 3% back, that's about $5580
what would you offer them at this point?
2007-02-27 12:02:01 · 6 answers · asked by littlehuevo 3 in Business & Finance ➔ Renting & Real Estate
That depends. How much is the house worth? How much is the house worth to the seller? How much is the house worth to you? How much is the house worth to any other buyers currently in the market for one like it? How much are you qualified for? How nice are the other houses you've considered? Are there other houses that could please you? Has it been on the market long - for the kind of house it is, in the market it's in? What are the odds that another buyer could buy it while you're negotiating? What are the odds that you might just anger the seller and him say for you just to go away? If you "win" this stage of negotiating, will it hurt you in later stages? Might there be later stages? (inspections/repairs) Are you being accommodating to the seller on closing date, or are they helping you out?
There's more than simple numbers involved in buying a house..... Ask your Realtor what to do.
2007-02-27 16:39:34 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋
I dont under stand why people think that sellers should pay their closing cost, if your serious about buying a house you should at least beable to come up with 5000 in closing cost. The sellers have to pay their own. You should take their offer.
2007-02-28 07:55:55 · answer #2 · answered by swimmyfishy 4 · 0⤊ 0⤋
I'd offer $182,500 if I really wanted that particular house, but stick to my guns on the closing costs. If you need another bargaining chip, I'd use maybe half of the closing costs and stay with the $182,500 bid.
You'll need to be sure your financing will support the increased bids, though.
Hope it goes well for you.
2007-02-27 20:09:34 · answer #3 · answered by Peggy K 5 · 0⤊ 0⤋
Actually, I believe their counter offer is fair, and think you ought to consider accepting it.
Why do you believe they should pay your closing costs when you are offering less than the asking price?
2007-02-27 20:08:23 · answer #4 · answered by cottagstan 5 · 0⤊ 0⤋
ummm, you are only $420 off...that SHOULD NOT be a deal breaker...Sounds like a reasonable counter...if you want the house, jusm on it, before someone else does!
2007-02-27 20:11:16 · answer #5 · answered by dolly3371 2 · 0⤊ 0⤋
Sounds fair to me. I would take it
2007-02-27 23:56:15 · answer #6 · answered by frankie b 5 · 0⤊ 0⤋