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totally refusing with no counter offer? The house is $175,000

2007-11-02 09:15:01 · 4 answers · asked by mbz 3 in Business & Finance Renting & Real Estate

4 answers

I agree with the responder that said "you take your chances."

That is so VERY true! You have NO WAY of knowing the
circumstances of the Seller ... There are a million possible
scenarios .... For example ..... Maybe the seller is near foreclosure, and will REALLY take $140,000. Maybe the seller has re-financed (so many) times ... that $175,000 is
the MINIMUM that will satisfy ALL of their selling expenses.

I would suggest that you (and your Realtor) review what
similar properties in the area have recently sold for. Then
based on how much you WANT the home .... and what you
can qualify for .... Make a REASONABLE offer that the Seller will take seriously.

Any time you "LOW-BALL" the Seller .... you risk antagonizing (him) to the point of refusing to counter .... And since you DO NOT know "what that point" is for THIS particular seller .... Then I would say (again) that it is BEST to demonstrate to the Seller that you are making a REASONABLE offer. (That's why I suggest having data on the other "recently sold" properties in the area .... as your "support" or "clarification"
for WHY you have made a particular offer)

2007-11-03 03:58:43 · answer #1 · answered by kjh 3 · 0 0

With the way the housing industry is at present, it is actual a exceptionally solid supplies which you have been getting. maximum properties have lost on the fringe of 50% of their cost from only three hundred and sixty 5 days in the past. the only thank you to get ppl to up their bid is to take the valuables off the industry and carry onto it for yet another 2-3 years.

2016-09-28 05:14:50 · answer #2 · answered by ? 4 · 0 0

You take your chances. Personalities of sellers differ. I recently dealt with one offer (asking price of $129,900) and the buyer offered $120,000. The seller instructed me (the realtor) to entertain NO additional offers from this particular buyer.

The house eventually sold to another buyer for $124,000.

2007-11-02 09:38:57 · answer #3 · answered by acermill 7 · 1 0

150,000

2007-11-02 09:22:47 · answer #4 · answered by Anonymous · 0 0

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