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what should we counter with? UPDATE!!

Posted By Message

~Melissa~

Member since 5/06

1462 total posts

Name:

what should we counter with? UPDATE!!

UPDATE!!!! Chat Icon
Thanks for all the advice! We countered with the 1st offer and the accepted!! ($220K) YAY!!!!!!!!
We're signing the contracts tomorrow! I am SOOOO happy!!! Pray that it all goes smoothly! Thanks! Chat Icon




I need advice, I've never done this before!

My realtor is waiting for my answer and I cannot get in touch with my hubby! Chat Icon Here's the deal....we are selling our home for 224,900. (connecticut).

We JUST came down from 230K the other day. The house was appraised for about $235 but we need to sell it asap, as we already closed on the new house.

We have two offers. Offer #1 is for $219,900 with an additional $5,000 back at closing....so really the offer is for $214,900. They are coming from an apartment.

Offer #2 is $219,000 but with a Hubbard clause (meaning they have to sell their house first).

I want to negotiate with offer #1. But I don't want to come down 10K. Chat Icon What would be reasonable....we were hoping to get our asking price. The house has been completely renovated.
Thanks. Chat Icon

Message edited 11/25/2006 7:57:29 PM.

Posted 11/25/06 5:32 PM
 
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Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: what should we counter with?

counter on the first offer

with the second offer you could have to wait months to close - leaving you carrying 2 mortgages and paying more money then you would have lost on the first offer

esp- this time of year is the slowest for house sales

my Dad went into contract with people in July and they just closed on this house last week - they had to sell their home first- that's 5 months my Dad had 2 mortgages

Posted 11/25/06 5:48 PM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: what should we counter with?

IMO i wouldn't counter with someone who has to sell their home...
ESPECIALLY if time is of the essence..

I would drop 5 K and see what they do. You should get an idea of what they range is when they counter offer

Posted 11/25/06 6:01 PM
 

kerrycec03
Mom of 2 beautiful boys!!

Member since 6/06

13519 total posts

Name:
Kerry

Re: what should we counter with?

def. counter with the first offer

Posted 11/25/06 6:43 PM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Re: what should we counter with?

counter the first - who knows how long it will take to sell their house for the second offer?

we were told by the sellers agent (not that I 100% believe her..) that they had an offer that wasnt accepted on the house we are buying - we said or offer was firm, and it was $5k less - but we didnt have a house to sell and the other offer did so they took ours bc they already moved out.

Posted 11/25/06 7:10 PM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: what should we counter with? UPDATE!!

CONGRATS Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

Posted 11/25/06 7:59 PM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: what should we counter with? UPDATE!!

perfect! congrats!

Posted 11/25/06 8:23 PM
 

Laura08
LIF Adolescent

Member since 7/05

554 total posts

Name:
Laura

Re: what should we counter with? UPDATE!!

I am SO happy!!!!!!!!!! Congratulations!!! I cannot wait to see your new house!! XOXOXOChat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

Posted 11/25/06 8:28 PM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: what should we counter with? UPDATE!!

CONGRATS!!! Chat Icon

Posted 11/25/06 10:15 PM
 

kerrycec03
Mom of 2 beautiful boys!!

Member since 6/06

13519 total posts

Name:
Kerry

Re: what should we counter with? UPDATE!!

congrats!!

Posted 11/26/06 12:01 PM
 

mommy2Alex
3 babies for me :)

Member since 5/05

6683 total posts

Name:

Re: what should we counter with? UPDATE!!

Congratulations!!!! Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

Posted 11/26/06 12:28 PM
 
 

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