Lowballing?

christian1971

Finally got someone to actually make an offer on our home today. Once the realtor told us what the offer was, we almost were ready to cry. You do so much to prepare your house and are excited, only to get a lowball offer. Its market valued at $63,000. We put it at 59,900. We get an offer for 45,000. The girl (buyer) wanted to go higher, but her dad didn't. He'd pay 45000 cash. So we counter offered at 55,000. Take it or leave it. This is a rough time man. It has new siding, windows, door, insulation, shingles.

YankeeMan

Thanatos0320

Let me guess, the reason for such a low offer was "You won't get any more than that in this economy?" It sucks that people can't give a reasonable offer or aren't willing to negotiate.. They're all trying to get things for as cheap as possible. I've been through the same thing with you, but with a much worse offer. I understand how you're feeling.

matkn293

How long has it been on the market? Everyone is lowball ing these days. However the market is coming up. Hopefully they will accept and you move on.

blutattoo

It's not like that here. So few houses on the market here that houses sell for way over asking price. The only problem is when you turn around to buy another you are bidding with 10 other people. I guess the silver lining is now you probably can get another house for way less than asking price.

roland_7707

christian1971

christian1971

christian1971:

Finally got someone to actually make an offer on our home today. Once the realtor told us what the offer was, we almost were ready to cry. You do so much to prepare your house and are excited, only to get a lowball offer. Its market valued at $63,000. We put it at 59,900. We get an offer for 45,000. The girl (buyer) wanted to go higher, but her dad didn't. He'd pay 45000 cash. So we counter offered at 55,000. Take it or leave it. This is a rough time man. It has new siding, windows, door, insulation, shingles.

They went to $50,000. Moving in the right direction. Now they say that is the highest they will go. If they want it that badly, I think they will go higher. Won't find anything much better at our price. Its just the waiting, while our potential house is just sitting there. I need a beer!

roland_7707

jgibv