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Location: Danbury CT covering all of Fairfield County
2,644 posts, read 7,450,874 times
Reputation: 1378
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The net offer price seems very good, assuming the home is priced fairly for the market. Do you have a typical closing date or any other contingencies that could worry the seller?
It didn't sound like a full offer when you asked for closing costs.
I am about to purchase a new home in the Dallas area and there was a house we liked that we put an offer in at 96% and did not ask for any discounts. The sellers agent said they thought it was too low and expected to get full price on the offer. We walked away from that house because there were other homes we were more interested in. That house ended up staying listed for 1 1/2 more weeks before it showed it was under contract so I assume they eventually got their full offer.
Some oweners think that can get full price and they can. It really depends on how desireable the house is given it is listed right and everything. So the person selling that home may feel that they should get 100%.
Also, yes there are some people with unreasonable price points too.
The trend is not in your favor vis à vis Long Island inventory.
Well, you're counting some pretty bad years there when the inventory was higher and the open houses were deserted. And, as agents like to point out, past experience is no guarantee of future results. Plus, Hurricane Sandy took out a lot of homes and there are people here who still haven't gotten all their insurance payments. Many of those folks are still renting, driving that inventory down. Finally, I'm looking in a narrower part of the Island. I'd rather wait and see what happens locally in the next few years and not rely on a graph from who knows where.
No offense, but I think it's kind of hard to judge our market from Denver . . . especially my small slice. But thanks for trying.
I offer full price for a house in PA with 4 percent seller assist. The seller rejected the offer and said the assist was too much. I was willing to negotiate the seller assist. However the the seller decided they didnt even want to negotiate.
Does anyone else besides me find this odd. Why would you not negotiate the seller assist??? Seems like such a small part for a major deal.
Bottom line is you offered 96% of list and maybe even needing some assist, showed you are a financially weak buyer.
The market it is a changing.
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