I originally listed my house with what was comparable in my area per square footage, amenities, location, etc. However, I have dropped the price considerably because the market is so slow in the area (about an hour north of Phoenix, Arizona). Now that I have dropped it nearly $200K, I have it priced at $399,000. I received an offer yesterday for $375K. I countered with $389K. Does that sound reasonable? On my side of the counter, I have reduced this property to well below market and don't want to have to reduce it again. However, I'm sure the buyer's agent is saying "she's desperate - ask this much and she'll jump on it." Do you think my counter offer is fair?
2007-06-28 04:12:14 · 3 answers · asked by gentle understanding 4 in Business & Finance ➔ Renting & Real Estate
For a house in that price range and that far below market value, your counter offer was more than fair. If this buyer walks over $14K on your counter, he's not interested in buying a house. He's looking to rob you.
2007-06-28 06:06:48 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
It's too fair. If you already went down that much, then this is enough! If they can't accept the offer then they need to move on. If you stand firm and let them know that this is what it is, then they will eventually give in if this is the house that they want. Good luck!
2007-06-28 04:20:46 · answer #2 · answered by thisis4me 2 · 0⤊ 0⤋
Wow you have dropped the price so much already! I think it's more than fair. Gosh this just isn't right, us poor sellers! (I'm one myself right now) People think they can just rob us of our homes pretty much and that we don't have expenses ourselves!
2007-06-28 04:39:10 · answer #3 · answered by Anonymous · 0⤊ 0⤋