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Replies (27)
- rockinblu
- Contributions:7202
IMHO, it is close enough. However, in view of the discount, I would just lay it on the line that you are not about to pay for a lot of ticky-tac inspection issues. But, that's just me, and how I handled my sale in a similar situation.
- Kim Darby, "kdarby"
- Contributions:92
It's always a difficult answer - should I counter? If you counter offer you are allowing them to back out of their original offer - in other words the deal is dead unless they accept the counter. How badly do you want to sell? Where is the home located? How is the market where you live? Good luck!
- RE_Obsessed
- Contributions:33
From what I can tell, the Zestimate is $184,000 and your home is listed at $189,000. I am definitely no expert, and you can correct me if I'm wrong, but that seems like a heck of a nice offer, especially with the market the way it is these days. Is it really worth the extra aggravation of staying on the market even longer, by possibly turning the potential buyers away by countering?
- jdsdaddy
- Contributions:551
If it's anywhere near asking and the buyers are well qualified and don't seem the sort to rake you over the coals, hang on to them like grim death.
- mpal.
- Contributions:3967
absolutely counter!
- Justyn Kearney, "Justyn Kearney"
- Contributions:1002
It sounds like you have a pretty good offer in your hands, most buyers do expect a counter these days. But you do run the risk of losing the deal. If you do counter I would counter mildly to have a better shot at them accepting it, and at the same time set a little standard telling them "You can't push me around too much"
- ZVending
- Contributions:181
Take the offer, it's awfully close to asking.
- retrogameroom.com
- Contributions:215
When you figure in the help for closing, the deal is for about $180,000. They appear well qualified and have enough cash so I’d rather adjust the price than offer seller help. (Sorry Agents I don’t want to pay more commission.) Someone asked if my Realtor is representing both the buyer and the seller, they are representing just my wife & I on this offer.
I have no problem working with people and negotiating so hopefully we can meet in the middle. We are leaning towards countering their offer.
(Here is a link to the property that received a full price offer)
Thanks to everyone for their comments!
- rockinblu
- Contributions:7202
I kind of see your point. I think your house smokes that one. I hope that solar contraption works for that kind of money for that.
- jmeirhofer
- Contributions:316
In the word's of Steve Miller "Go on, take the money and run"
- retrogameroom.com
- Contributions:215
"I hope that solar contraption works for that kind of money"
I believe what you are looking at is the roof to an old “Out Building” in the yard behind this home. That property’s yard is even smaller than mine.
I’ve been tempted to “Take the Money and Run” but our market is not even close to as bad as California, Florida and most of the larger markets. If you drive 45 minutes south, into Maryland, an identical house will cost double the money.
- rockinblu
- Contributions:7202
"I believe what you are looking at is the roof to an old “Out Building” in the yard behind this home. That property’s yard is even smaller than mine."
LOL!! My eyes weren't awake yet. However, I stand by what I posted in regards to that house compared to yours. I think your house smokes it.
- wannagonow
- Contributions:352
retro: i said this exact same thing in another post, we were offered the same zillow estimate on ours Monday--so interesting!
- retrogameroom.com
- Contributions:215
I guess some people really think Zillow is accurate. Honestly I don’t think what they have my home valued at is that far off. I did the owner’s Zestimate and updated the info on my home. The new owner’s Zestimate price is more than anyone could expect to get for this home but that is their formula. Don’t get me wrong I’d live to get that amount!
BTW, are any of the people who told me to take the offer the same people who put in the offer? :>)
Rockinblu, I had to take another look at the picture because in the late 70s & early 80s, a few homes here did install Solar Panels to supplement heating their water. A few still have them on their roof. Thank you for the compliment on my home!
- 80smusicrox
- Contributions:420
Zestimates in my area are way off. The map positioning of properties is completely and totally unreliable. Properties right next to each other show disproportionate value changes...one house has +$30,000 and the other -$30,000 and there's nothing happening in the market to substantiate or validate such disparities. Only good thing Zillow provides on properties in my area are sales history. If any interested party used the zestimates as a "tool", well, they'd be setting themselves up for problems.
- RE_Obsessed
- Contributions:33
Retro, that's good question to ask of the posters, if any of us are the ones who put in your offer. I can assure you, it was not I. And I still heartily agree with the Steve Miller poster ;) Keep us posted on what you decide to do and how it all works out!
- Jeff Konstant, "jkonstant"
- Contributions:1970
retro:
Without sounding like a pitch. Sometimes the first offer is the best and this is not a bad one, in fact it's pretty good. You should ask youself and seriouly consider how you are going to feel if they walk. Before you or your agent alter the contract (counter) discussion might be better with the buyer. One thing I am doing now is opening dialogue to allow the current homeowner to remian in the property for 7-10 days after settlement. This gives the seller some piece of mind in the event things go badly. Nothing like loading up the U-Haul, driving to settlement and finidng out there are issues. It does happen. I've found that most parties are ok. You get some piece of mind and the buyer is normally fine with it.
- rockinblu
- Contributions:7202
I asked for three and got them without a problem. After 34 years in a 3100 sf home, a week certainly would have been better. Great idea jkonstant.
- retrogameroom.com
- Contributions:215
We did counteroffer somewhere in the middle. Our Agent is letting the Buyers Agent know that we are flexible and willing to work with the buyer. Along with the counteroffer, we offered to throw in some extra items with the house.
Thanks for idea of the extra day or two between closings. The prospective buyer did give more earnest money than what is typical in my area.
- OnePawUp
- Contributions:255
Seems pretty nickel & dime to counter the buyer's offer over such a little difference in net gain.
Why is there such a stigma with seller's about paying buyer's closing costs?
- luckyme8890
- Contributions:487
It is not stigma. It is less money on the bottom line at the closing or the sellers have to bring money if there isn't enough equity.
- retrogameroom.com
- Contributions:215
"Seems pretty nickel & dime to counter the buyer's offer..."
It is not that much of a difference in the large markets where homes cost more. When you are talking about lower priced homes it is a larger difference. However, read earlier posts in this thread and you will see a link to my neighbors home which sold for full asking price a week ago (which is the same as our asking price). We are simply trying to get the most the current market will allow. What is wrong with that? Concerning the seller help, the prospective buyer had enough cash or equity to make seller help not necessary. You pay more commission with seller help than you would by simply reducing the cost.
- retrogameroom.com
- Contributions:215
I forgot to mention the important part. They accepted our counteroffer and will allow us to rent back! We took the advice of our Realtor and he apparently knows our market quite well. Hopefully all goes well with the inspections.
- BtrL8ThnNvr
- Contributions:3871
Rock on retro...good luck with everything else!
- DannyInSoCal
- Contributions:445
Glad it worked out.
Now start a new thread about how Zillow nailed the value of your home...
Thanx, Danny
- retrogameroom.com
- Contributions:215
LOL!
It sold for more than Zillow’s “Zestimate”. I guess I can’t do that…
We were offered the Zestimate value for our home. (almost)
Much has been discussed and debated about the accuracy of Zillow’s “Zestimate” values. We were just offered exactly what our Zestimate (as of 5/30/08) minus what they want for seller help. (Click here to see our home on Zillow)
What do you think the chances are that they looked at Zillow when they made their offer? At this point we are not sure what we are doing with the offer. Our neighbor just received a full price offer ($189,900… which is what we are asking) on their home. Their home has pool but ours has a large garage. They have slightly more square footage but the home is not updated and ours is very recently updated.
Should I counter??
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