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We've done what we did, but curious on others' opinions. We listed our house Thursday for $385,000. That might be a bit on the high side; I think sale price will be about $375 or so. We're building new so really in no particular hurry to sell(new house completion 3/18). We had a showing Thursday evening and yesterday got an offer for $340,000 contingent on the sale of their house, which isn't even on the market yet. According to my realtor, who works extensively in both their current neighborhood and ours, they should have no trouble selling their house - last week she had a listing in there that sold in two days. Their proposed contingency expiration date was September 15.
We were concerned about taking a contingency since we are so new to the market, not to mention being insulted by their lowball offer. So we countered at $382,500 and no contingencies.
The same. Maybe they'll get it on the market and sell it soon or maybe they won't. If it were already "in contract" I'd take that bet but anything less? I'd wait for another buyer.
is there any particular reason you're on the market 7 months (or more) before completion/when you're ready to move? Or are you planning on moving to a short term rental?
Why are you selling so soon before your new build is ready? Do you need to sell to close on the new house?
I'll be honest...I don't think you want to sell right now. I suspect you're testing to see what you can get. I think you're just messing around right now
If your home isn't even going to be built until next March, why are you listing now? Do you have a place to live once you sell your current home?
But yeah, your choices with a "lowball" offer are to reject or counter- I have heard of people countering with the list price as a way to indicate how unreasonable they found the offer, but in any case, there's no real benefit to being insulted over it. If they are serious buyers, they'll come up to something that is more reasonable (assuming your list price is realistic, of course, which it sounds like it is). If they come in with another low offer, then just reject it and move on.
I'd have countered at 375 and let them keep the contingency, honestly.
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