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Thanks for all of the advice. There are a lot of helpful peopel here on this forum.
I haven't been able to get ahold of our attorney who helped me sell our last house 4 years ago. He is in meetings all day. I am thinking of adding a lawyer clause to my counter offer in case I can't get him to look over the contract and counter offer before I have to submit it back to the buyers agent.
I found this:
This Contract is subject to the approval as to form and content by the seller's lawyer upon acceptance of this contract by both the seller and the buyer. If said approval is not given by the seller's lawyer on or before the following condition date and time, the seller shall notify the buyer or the buyer's lawyer in writing and may declare this contract null and void and the buyer's deposit shall be returned in full, without interest or penalty. The condition date is the ____ day of the ____ month in the year of ________ at or before ________ a.m./p.m.
Would that be reasonable? How much time should I give?
Thanks for all of the advice. There are a lot of helpful peopel here on this forum.
I haven't been able to get ahold of our attorney who helped me sell our last house 4 years ago. He is in meetings all day. I am thinking of adding a lawyer clause to my counter offer in case I can't get him to look over the contract and counter offer before I have to submit it back to the buyers agent.
I found this:
This Contract is subject to the approval as to form and content by the seller's lawyer upon acceptance of this contract by both the seller and the buyer. If said approval is not given by the seller's lawyer on or before the following condition date and time, the seller shall notify the buyer or the buyer's lawyer in writing and may declare this contract null and void and the buyer's deposit shall be returned in full, without interest or penalty. The condition date is the ____ day of the ____ month in the year of ________ at or before ________ a.m./p.m.
Would that be reasonable? How much time should I give?
Did you accept the offer? I think this offer is rather low-ball, from people who do not have any cash. I am not sure if they even have money for downpayment. I would not jump at their offer. Closing cost from such a buyer may be actually rather high... With a buyer like this, I would have counteroffereed something like 80K, and agreed to pay the closing costs.
We did counteroffer. We countered a higher price and a set dollar amount for closing cost. They did not accept.
Sorry if you are upset about it and Good for you if you are OK. This market is really tough on sellers but it's great if you are a buyer. I was in the buyer shoes couple years ago and soon will be in the seller ones. Good luck with your sale, hope you get a better offer soon.
We did counteroffer. We countered a higher price and a set dollar amount for closing cost. They did not accept.
Well done. Wish you the best of luck too. Please do not listen to people who tell you that you should give away your house at any cost. But it sounds like you priced it in a way of little room to bargain, which may be upsetting to buyers. I would price it with a possibility of at least 5% reduction while negotiating.
If you think that in accordance with comps your house is worth 85 - so price it 85. YOu can always go down. But if you price it 79, people may think that this is actually the value of the house , if you see what I mean.
Thanks for the advice. I agree, that we should have priced it a little higher. Lesson learned for the next house. They did submit another offer and came up on the price a little. We just need to work out a few details and we will see. Thanks again
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Yep, that's the market we live in
