First Time Buyer - Seller Refuses to Negotiate on Price.I am a first time buyer, and after looking at many homes, I came across one I love. The asking price was recently reduced to $119k, so we made an offer of $110k, thinking that was perfectly reasonable given the fact that it has been sitting on the market for several months. They came back with a rebuttal price of $119k. We asked if they had put any work into the house to justify their refusal (Seller paid 112k in 2009), and they did not. It has only been depreciating since they owned it. After asking if they put any money into it, they sent us a condescending email stating that $119k was their absolute bottom price and would not negotiate, and if there were any other issues found in the inspection, they would still only come down to $119. Is this a bluff? By the way, ours was the only bid they had received since listing the home. They claimed they needed to sell for no less than 119 to break even, but I don't understand how someone who sells a home after only 2 years doesn't expect to take a loss. We really want this house. If they already stated they would not come down any further, and we walk away from it, is there a chance they will come looking for us? Honestly, I'd pay $119k, but I refuse to pay for the seller's bad financial decisions. It's the principle of the matter I guess. March 22 2011 - Grand Rapids Township00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.