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Take the Offer? |
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We have a house for sale that we are not living in any more. We priced it to sell and now we have an offer that is $5000 below that and they also want us to pay about 3% ($5000) of their down payment at closing, too. The house in in excellent condition and has some extra's, too. In this buyer's market is that still asking too much and what is a common counter or what do you suggest as a counter offer? We want to sell it but with this offer we'd be getting less than we paid for it 6 years ago and be giving it away. There have been some foreclosures in the area so other houses in bad condition have gone for less than value. Hope that gives you enough background.
Thank you. |
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You don't tell me how long the property has been on the market, or how much it's costing you to hold it vacant every month. Nor am I familar with your local market. But just giving you advice in the dark -- my feeling is that if your house has been exposed on the market through a multiple listing system for at least a few months, you're probably lucky to have an offer, and should take it and get the thing over with. |
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Edith
Originally published on January 25, 2008 |
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