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ModDot
PUMPKIN ALL THE THINGS
Member since 8/11 2196 total posts
Name:
Trissy
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Buying a Home
So after being in negotiations the last two weeks, I had a lightbulb moment that makes me feel empowered.
We as the buyers are the commodity. There will always be another house out there that, with sellers who are more than happy to take my money. There are so many houses on the market, and honestly I'm in no rush to go over my budget.
The homeowners in this case countered our original offer with a reduction of 15,000 from their asking price.
I met them halfway between our initial price and what they came back to us with.
They came back to us AFTER A WEEK and an open house(!) with the same number.
So we have a few things happening here,
1) they had no other offers on the house
2) they think the house is worth more than we do
I dug my heels in and said no, that's an insult we came up you come down or no deal.
We're still waiting to hear back but it felt so empowering to say NO, this is my money.
I don't have a house to sell, YOU do!
You can say no deal and I'll be fine and continue my house search.
Do we want this house? Yes, it will be perfect after we fix it up but I'm not willing to be cash poor for it either.
Just wanted to share what's going on. It feels good to get it out as well!!
Message edited 2/15/2012 12:02:08 PM.
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Posted 2/15/12 12:00 PM  |
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8ternity
<3
Member since 11/08 10586 total posts
Name:
Formally NYPD-Wife
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Re: Buying a Home
Nice attitude and soooo true! !!!! 
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| Posted 2/15/12 12:54 PM |
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MsSissy
xoxoxo
Member since 3/07 39159 total posts
Name:
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Re: Buying a Home
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| Posted 2/15/12 12:57 PM |
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bayla
Love my two kiddos :)
Member since 8/06 7178 total posts
Name:
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Re: Buying a Home
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| Posted 2/15/12 3:14 PM |
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ModDot
PUMPKIN ALL THE THINGS
Member since 8/11 2196 total posts
Name:
Trissy
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Re: Buying a Home
Posted by 8ternity
Nice attitude and soooo true! !!!!
Thank you! When they came back with the first counter I felt like a little kid being granted an opportunity but then it clicked, I'm not doing them a favor neither are they for me. It's all a game 
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| Posted 2/15/12 3:35 PM |
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Ray8183
LIF Adolescent
Member since 6/10 621 total posts
Name:
Renay
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Re: Buying a Home
Posted by retrochick
Posted by 8ternity
Nice attitude and soooo true! !!!!
Thank you! When they came back with the first counter I felt like a little kid being granted an opportunity but then it clicked, I'm not doing them a favor neither are they for me. It's all a game
Yes, I felt the same way. I walked away from two houses and found one that worked with us. Yes, it was a short sale and it was only the bank to have a say, but I felt like dancing saying no.
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| Posted 2/15/12 3:45 PM |
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MaeDe
LIF Adult
Member since 4/11 1169 total posts
Name:
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Re: Buying a Home
good way of looking at things !
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| Posted 2/16/12 11:49 AM |
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Jenhos
Maeve
Member since 6/05 3273 total posts
Name:
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Re: Buying a Home
We did this on our new house. Our final offer sat out there for a month! So you just never know. You have to be patient!!!
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| Posted 2/16/12 8:44 PM |
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ModDot
PUMPKIN ALL THE THINGS
Member since 8/11 2196 total posts
Name:
Trissy
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Re: Buying a Home
Posted by Jenhos
We did this on our new house. Our final offer sat out there for a month! So you just never know. You have to be patient!!!
From your mouth to God's ears!!
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| Posted 2/17/12 12:56 PM |
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JDubs
different, not less
Member since 7/09 13160 total posts
Name:
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Re: Buying a Home
this happened to us when we were house hunting a few years ago... 2 sons were selling their mother's home. it needed a lot of work and we refused to go up past a certain amount... in fact they said they were "insulted" by our offer.... turns out the house sat there on the market months later, until they sold it at near what we offered for it!
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| Posted 2/17/12 2:07 PM |
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ModDot
PUMPKIN ALL THE THINGS
Member since 8/11 2196 total posts
Name:
Trissy
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Re: Buying a Home
Posted by JDubs
this happened to us when we were house hunting a few years ago... 2 sons were selling their mother's home. it needed a lot of work and we refused to go up past a certain amount... in fact they said they were "insulted" by our offer.... turns out the house sat there on the market months later, until they sold it at near what we offered for it!
I guess if it's an estate sale, or older people who have moved to an old age home (which is my case) I think there's a lot more sentimental value to it, which some people can't look past.
*sigh*
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| Posted 2/17/12 3:10 PM |
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ElizaRags35
My 2 Girls
Member since 2/09 20494 total posts
Name:
Me
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Re: Buying a Home
I did the same thing. I had my limit and was not about to go over it. Eventually they came down.
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| Posted 2/17/12 3:13 PM |
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violet5
LIF Infant
Member since 7/11 54 total posts
Name:
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Re: Buying a Home
great post
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| Posted 2/18/12 10:31 AM |
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Lauren82
LIF Adult
Member since 10/06 4580 total posts
Name:
L
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Re: Buying a Home
Posted by JDubs
this happened to us when we were house hunting a few years ago... 2 sons were selling their mother's home. it needed a lot of work and we refused to go up past a certain amount... in fact they said they were "insulted" by our offer.... turns out the house sat there on the market months later, until they sold it at near what we offered for it!
This happened to us too! We made our best offer, he refused, then came back a few weeks later and wanted to accept. We were already in contract on a house that is better for us! Kicker for us is that we live down the street from that house now and it's back on the market for what we offered!
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| Posted 2/18/12 11:25 AM |
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Bugaboo
Relax!
Member since 5/05 2133 total posts
Name:
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Re: Buying a Home
We're in the same exact boat and I feel the same way. The seller has been dragging his feet on whether or not to accept our final offer. It has been weeks. I really hope to find a house that we like better so I can rescind our offer. The seller has been a jerk about everything that I don't even want to give him a single dollar.
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| Posted 2/18/12 11:31 AM |
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