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re: Is walking away from a house because a Seller didn't come down 2% more in price petty?
Posted on 8/26/24 at 2:36 pm to UncleLester
Posted on 8/26/24 at 2:36 pm to UncleLester
A good agent could work that out
0
Posted on 8/26/24 at 2:53 pm to bayoudude
quote:
I walked over a $5k difference
Small amount of cash on a home...shocked that a deal couldn't be made on that.
Posted on 8/26/24 at 2:58 pm to Helo
quote:
I walked away from a house over $5000 7 years ago.
I had a firm price once I calculated everything and the seller didn't want to move so I walked.
I was bummed about it for a couple months then I found a much better house that I got at the price I wanted.
FWIW I was in the same position and paid the $5000
I would have felt like an idiot after the fact because we really did love the house.
Only OP knows the answer to his question
Posted on 8/26/24 at 8:16 pm to UncleLester
quote:
I'm probably already 1% more than I should really be already
Wait a week, subtract the 1% from your initial best and final, then submit your new and improved offer. All they can say is yes or no and you are at no now. Make sure they understand that the new is the best.
Good luck.
Posted on 8/26/24 at 8:51 pm to UncleLester
We walked on a house in 2010 once. We had a house hunting trip and the realtor knew the deal. We had 1 week to find a house and get a contract. I immediately knew we were at a leverage disadvantage. The Mrs and I picked three houses. We a made an offer on #1 with a back up on two other houses.
The house we wanted was a negotiating disaster. It was overpriced and had been on the market 3 years as a spec home. We walked at 2% too.
We got house #2 and we're so damn happy we were lucky. The other house sold a year later 20k lower than our last and final. The other realtor was actually pissed we walked. They assumed we would take their # just to have the house.
The house we wanted was a negotiating disaster. It was overpriced and had been on the market 3 years as a spec home. We walked at 2% too.
We got house #2 and we're so damn happy we were lucky. The other house sold a year later 20k lower than our last and final. The other realtor was actually pissed we walked. They assumed we would take their # just to have the house.
Posted on 8/27/24 at 12:21 am to UncleLester
quote:
How firm are you when negotiating for big ticket items? To me, when I offered "Last & Final" - I cannot counter one more time as it makes me a liar.
2% is nothing for me as a buyer if I want it.
This post was edited on 8/27/24 at 12:35 am
Posted on 8/27/24 at 4:25 pm to UncleLester
Last time was house shopping found a few I liked. Some were good enough and others I really liked.
If you really like it and plan to be there a while 10k or so doesn’t matter in the big picture.
If you really like it and plan to be there a while 10k or so doesn’t matter in the big picture.
Posted on 8/27/24 at 8:45 pm to dandan
A lot of great and thoughtful advice.
Thank you all for taking the time to give your perspective.
Thank you all for taking the time to give your perspective.
Posted on 8/27/24 at 10:24 pm to UncleLester
My dad told me once it’s easier to buy a home than it is to sell a home. He was so right. Don’t overpay unless it’s a dream location.
Posted on 8/28/24 at 10:11 am to Drizzt
You could also look at it and say the seller is being petty for not accepting 2% less than what they want.
I had a similar situation on my current house. We were negotiating on things after the inspection. The house needed some work and I asked for a $10k price reduction knowing that was a bit high. They came back at $5k. I came back at $8k and they came back at $6,500 and said final offer. They told their realtor that they thought it was petty to be arguing over $1,500 and I agreed that I thought they were being petty. We eventually settled on $7,500. Buying and selling is a two way street.
I had a similar situation on my current house. We were negotiating on things after the inspection. The house needed some work and I asked for a $10k price reduction knowing that was a bit high. They came back at $5k. I came back at $8k and they came back at $6,500 and said final offer. They told their realtor that they thought it was petty to be arguing over $1,500 and I agreed that I thought they were being petty. We eventually settled on $7,500. Buying and selling is a two way street.
Posted on 8/28/24 at 10:32 am to RedHawk
Just offer 1% more and leave it to the seller
Posted on 8/28/24 at 2:35 pm to UncleLester
Just curious, given the recent change, who is paying the former 3% buyers fee? Recalling here that the seller floated the entire 6% prior to the change.
Perhaps this has something to do with the seller hesitating on your counter.
Perhaps this has something to do with the seller hesitating on your counter.
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