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Old 09-23-2016, 12:11 PM
 
1,897 posts, read 1,464,116 times
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We have a house on the market in Paulding County. Our agent has been very helpful and we received our first offer after 3 days on the market. We countered their offer (full asking price, but wanted us to pay $4k in closing cost) with us covering $2500 in closing costs.


We have no intentions of moving back to GA so don't really need the house, but we don't want to give it away.

We've been told that an area determines closing costs. SOme places costs are covered by seller and some by buyer.

Our concern is missing an opportunity to sell b/c I don't want to pay closing costs.

What do you guys think? What is the norm in the Paulding area?
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Old 09-23-2016, 12:23 PM
 
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lol, $1500 isn't going to run them off (unless they flat out don't have that $1500, ask your agent to inquire). Stop stressing about it, if you're down to that little they will come back with a different amount ($3500) or simply accept your counter. You won't lose the sale over that little sum.
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Old 09-23-2016, 02:02 PM
 
Location: Gwinnett County, Georgia
333 posts, read 256,207 times
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This really is a discussion that should be had with your agent. However, if I were involved with access to the full offer, I think I'd consider whether there had been any other offers and then decide exactly how much $1500 would matter. It is still quite a seller's market in certain price points and areas. But the market tends to settle around this time of year. Please ask your agent about that and about all of the other lowball offers that are still floating around in Metro Atlanta from cash buyers. It might be worth it to accept that offer and move on to the next step in the process.
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Old 09-23-2016, 03:07 PM
 
1,897 posts, read 1,464,116 times
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Quote:
Originally Posted by AtlantaMove View Post
This really is a discussion that should be had with your agent. However, if I were involved with access to the full offer, I think I'd consider whether there had been any other offers and then decide exactly how much $1500 would matter. It is still quite a seller's market in certain price points and areas. But the market tends to settle around this time of year. Please ask your agent about that and about all of the other lowball offers that are still floating around in Metro Atlanta from cash buyers. It might be worth it to accept that offer and move on to the next step in the process.
We've had the conversation with our agent, and they were fine with the counter. Our main problem is trying to make the time differences work with communication.


For me, we just dropped some serious coin into the house after our tenants moved out. I need to remove that amount from the equation.

Basically it is a seller's market and the closing costs have been the wild card. I am fine with our counter offer, and the market will determine whether or not we are in the right ball park. Thankfully I can sit on the house for a little while before it starts draining me financially.

This is just the first time we've sold.
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