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Old 11-24-2013, 05:52 PM
 
4,565 posts, read 10,691,199 times
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Personally, I think 5k is peanuts to argue about. I'd sign the offer and do what you intended to do.... which is.... sell the house.
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Old 11-24-2013, 05:52 PM
 
Location: northern va
1,736 posts, read 2,903,444 times
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Quote:
Originally Posted by MikeJaquish View Post
I think you should have this discussion with your listing agent.
.
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Old 11-24-2013, 05:53 PM
 
Location: Corona the I.E.
10,137 posts, read 17,531,551 times
Reputation: 9140
Good points all.

Chet I really like your points about structuring deal to be agreeable to both parties. If they had given us til Jan 15th I would take it, but moving 3 states away in 3 weeks with 3 bedrooms in such a short time I am inclined to say full price and take my chances.

They want back to back closing on their old/new house that's why they want 3 weeks.
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Old 11-24-2013, 06:02 PM
 
Location: Where the heart is...
4,927 posts, read 5,338,127 times
Reputation: 10674
Quote:
Originally Posted by Colorado xxxxx View Post
Good points all.

Chet I really like your points about structuring deal to be agreeable to both parties. If they had given us til Jan 15th I would take it, but moving 3 states away in 3 weeks with 3 bedrooms in such a short time I am inclined to say full price and take my chances.

They want back to back closing on their old/new house that's why they want 3 weeks.
Go for it!
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Old 11-24-2013, 06:38 PM
 
Location: DFW
40,999 posts, read 49,386,979 times
Reputation: 55106
Quote:
Originally Posted by Colorado xxxxx View Post
Good points all.

Chet I really like your points about structuring deal to be agreeable to both parties. If they had given us til Jan 15th I would take it, but moving 3 states away in 3 weeks with 3 bedrooms in such a short time I am inclined to say full price and take my chances.

They want back to back closing on their old/new house that's why they want 3 weeks.
The holidays can mess up schedules. I'd probably give them close to their price but want at least 30 days to close. Where else they going to close this quickly if they don't get your house ?

They can go into temporary living for a week or 2 and the movers hold their stuff.
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Old 11-24-2013, 06:48 PM
 
5,046 posts, read 9,664,593 times
Reputation: 4182
Curious about something. You're good with the realtor's advice on not countering the current offer. But you're questioning the list price. Did the realtor not have input in showing you comps and giving advice and ideas on the list price too?

So if you were back to being happy with the list price...you had the chance for pretty much a full price contract...or at least to negotiate reasonably to near that. What's better?

Personally, if you were happy with the list price, the counter where the buyer essentially finances his closing costs pretty much is a good counter.

However, the three week thing should also be part of a counter...and possibly was thrown in there to leave room for that.

I think throwing out any offer without countering is foolish. Can't hurt to counter when it's so close to perfect.
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Old 11-24-2013, 06:53 PM
 
Location: Cary, NC
43,458 posts, read 77,435,858 times
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Quote:
Originally Posted by cully View Post
curious about something. You're good with the realtor's advice on not countering the current offer. But you're questioning the list price. Did the realtor not have input in showing you comps and giving advice and ideas on the list price too?

So if you were back to being happy with the list price...you had the chance for pretty much a full price contract...or at least to negotiate reasonably to near that. What's better?

Personally, if you were happy with the list price, the counter where the buyer essentially finances his closing costs pretty much is a good counter.

However, the three week thing should also be part of a counter...and possibly was thrown in there to leave room for that.

I think throwing out any offer without countering is foolish. Can't hurt to counter when it's so close to perfect.
^^^^^^^^^
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Old 11-24-2013, 07:05 PM
 
Location: NC
502 posts, read 899,242 times
Reputation: 1131
Make sure your realtor calls the "second showing" people (I assume this was another couple) and tells the agent you have an offer on the table and if they want to make one, they need to do it NOW.

There's no harm in countering the offer they gave you. If nothing else, it buys you some more time to hear from the other people.
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Old 11-24-2013, 07:20 PM
 
Location: Corona the I.E.
10,137 posts, read 17,531,551 times
Reputation: 9140
Quote:
Originally Posted by jojow View Post
Make sure your realtor calls the "second showing" people (I assume this was another couple) and tells the agent you have an offer on the table and if they want to make one, they need to do it NOW.

There's no harm in countering the offer they gave you. If nothing else, it buys you some more time to hear from the other people.
Our realtor just talked to the realtor of second showing and they said we are on their short list and they are going to update their buyer's on our offer.

We have til tomorrow morning and we are strongly leaning towards counter them at full price plus the 5k. Their agent explained they need the 5k for closing.

Thanks again for the helpful advice everyone.
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Old 11-24-2013, 07:26 PM
 
Location: Just south of Denver since 1989
11,848 posts, read 34,519,562 times
Reputation: 9006
A really smart broker once told me there is not an offer given, that does not deserve a counter.

( it is my policy not to comment on transactions in Colorado where I am licensed. )
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