[MrTudo]

Originally Posted by riveree

Isn't that amazing when it happens (no counter offer)? I guess you hurt their feelings !

I guess! The realtor said the Husband got highly emotional, but that the Wife wanted to talk.

They are in California "traveling". Perhaps when they return and see just how many for sale signs are in that neighborhood they'll sing a different tune.

[Obrero]

Originally Posted by MrTudo

Thanks everyone. Our offer on the house has been rejected. The house has been for sale for a year+ and we are the only offer on it. Our offer which in my opinion was quite realistic all things considered was not only rejected, there will not even be a counter.

They are not being realistic at all.

Sorry to hear that. Could be you got some people who don't really care if they sell or not. It's pretty tough to not even come back with a counter, even if they only came down a couple of grand. Hopefully with all the houses in the area for sale, you can find another one that is suitable for you.

[macguy]

Originally Posted by MrTudo

I guess! The realtor said the Husband got highly emotional, but that the Wife wanted to talk.

They are in California "traveling". Perhaps when they return and see just how many for sale signs are in that neighborhood they'll sing a different tune.

Did you look at the property appraisers site to see how long they have had it and what they originally paid? It gives you a good idea how low you may be able to go with your offer. If they have had it for 15 or 20 years no matter what you offer they will be well ahead.

It is just a matter of if they really want to sell and can be convinced the price is not that bad an offer. If they just bought it recently, the last few years, they may be really stuck in it and don't want to hear, anything about lose money.

[MrTudo]

Originally Posted by macguy

Did you look at the property appraisers site to see how long they have had it and what they originally paid? It gives you a good idea how low you may be able to go with your offer. If they have had it for 15 or 20 years no matter what you offer they will be well ahead.

It is just a matter of if they really want to sell and can be convinced the price is not that bad an offer. If they just bought it recently, the last few years, they may be really stuck in it and don't want to hear, anything about lose money.

What we found out is they are the original owners of the land as well as the builders of the house back to 1984. But they borrowed quite a bit against the house in 2006. Our offer would have covered that plus left them with an additional 1/4 acre of waterfront property.

Perhaps the realtors didn't know how to deal with their seller.

[riveree]

You could always sit with it for a bit, and if you still really want it, put the offer in again (come up a tiny bit just to show some good faith or take away some contingencies...just make it a tad sweeter for them).

Sometimes, when people refuse an offer, they assume you're long gone. if you really want it, I'd wait a while and then approach again....maybe they'll take the bait and counter this time .

Best of luck, I always figure if it's meant to be, it will happen. If it doesn't, it's because something better is waiting out there for you .

[MrTudo]

Thanks Riveree and we're probably going to do that although there's another one ( there's a huge amount of houses on the market there, just like everywhere) that we may put a low offer in on as well.

Prices are way too high. They have to come down.

[gypsychic]

If there are lots of homes in your target market, and you aren't emotionally invested in any of them, you can wait for the "deal" you want to make. If you only want a specific neighborhood (like we did) it narrows your options.

I can't remember the price range you are in, but if I remember correctly was it in the $400,000 or so? At that price range, a 25% or 30% lowball doesn't seem out of line, but in my price range ($200,000 or below) that would be insulting to sellers.
Also, the closer a seller has the price to actual market value in today's market, the less willing they are going to be to accept a super lowball.

We are closing today in Lakeland, and we were fortunate enough to get a good deal on a home in our target neighborhood. One of the reasons I looked at the home in the first place was because it was advertised as "seller will consider ALL offers." So, find you a seller like that!

[kelly3120]

they didn't even counter? ...that's so silly!
Sounds like they don't care if it sells.