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Your math still doesn’t add up. No one is baiting or insulting you. You’re far too emotional over this. It’s just a pile of wood and plastic.
Right. OP is pretty emotional. And the buyer has already dropped the price 17%? It's not like he's playing hardball. Low balling a buyer is also not a great start to negotiations when he's already dropped prices 17%
A house sat on the market for many millions for a year
using artificial numbers for discussion sake
he priced it at like 1.5M
we made an offer of 700k
owner made a counter offer of 1M
we stretched ourselves to 900k, and said it was our final offer
dude wants 1M, and says it is a "seller's market"
bare in mind he has had no activity for a year at 1.5M,
and is now planning to reduce his house's price to 1.2M implying a 1M sale price
we can't afford 1M, and 900k is literally 10% less than what he wants on a house with zero activity for a year
planning now to do the waiting game, and see if he breaks in the next 2 months, and takes 900k (I would if I were him).
I do not understand his delusional thought process
How do you deal with stubborn sellers besides play the wait to see who breaks game?
What the frick? You are pushing and taking advantage of someone you perceive is at your mercy. You honestly can't understand why the guy won't go down to 900K? Why don't you just meet the 1M or go 950 and see what happens. If you can afford a 900K surely you can swing the !M. Come on. Who is stubborn here?
What you propose is insulting. You know the house is worth more than what you are willing to pay and you want to run rough-shod over someone who you think has no choices left.
What the frick? You are pushing and taking advantage of someone you perceive is at your mercy. You honestly can't understand why the guy won't go down to 900K? Why don't you just meet the 1M or go 950 and see what happens. If you can afford a 900K surely you can swing the !M. Come on. Who is stubborn here?
What you propose is insulting. You know the house is worth more than what you are willing to pay and you want to run rough-shod over someone who you think has no choices left.
I don't think those are the real numbers but we can ascertain that he low balled the owner. Thus the owner is a jerk for not negotiating, even though he already dropped the price by 17%. Imagine if this worked in other sales transactions:
You : I'm selling my bike for 100 bucks
You, three months later: I'm selling my bike for 60 bucks
Me: I'll give you 30 for it.
You: No thanks
Me: What?!?!? You're crazy!?!? Why aren't you being reasonable with me?!?!?! Come on nobody wants that bike just give it to me for 30!?!?!?
I don't think those are the real numbers but we can ascertain that he low balled the owner. Thus the owner is a jerk for not negotiating, even though he already dropped the price by 17%. Imagine if this worked in other sales transactions:
You : I'm selling my bike for 100 bucks
You, three months later: I'm selling my bike for 60 bucks
Me: I'll give you 30 for it.
You: No thanks
Me: What?!?!? You're crazy!?!? Why aren't you being reasonable with me?!?!?! Come on nobody wants that bike just give it to me for 30!?!?!?
It clearly was a big deal enough for you to come here, and waste time posting a response.
just joking.
"just joking" really
He's right. You are complaining that the seller isn't or wouldn't bend to your pressure to undersell his home - as if you are entitled to get your way on this one. I think you are trying to get over on someone. What are you going to do? Flip the house?
You said you would move on.....but indicate you told the seller if they changed their mind, you'd still be interested. What are you up to?
Sellers often think their house is worth more than it is. That is nothing new. And it may very well be a seller's market, but the market still has limits.
Houses here are getting dozens of offers on the first day and selling for well over list. But there's still a limit. Someone in my neighborhood tried to take advantage of that and listed their house for $950K, which was wildly overpriced. Every, other house sold on day one, while theirs sat there. They eventually pulled it off the market. .
This is exactly how my husband and I bought our house.
The way most houses sell here is they go on MLS during the week, there's an open house on the weekend, then "offers accepted on Tuesday" or whatever day. There's a bidding war, and it sells quickly. But our seller listed higher than other asking prices around here, so he didn't get any offers and it sat for a couple months.
Our realtor showed us the house, we negotiated normally with the seller, and got a decent deal. If he had just listed a little lower, he might have gotten more money, and definitely would have saved himself a lot of stress (he had transferred jobs and already moved cities).
You left out the part where you rant about the person not being willing to sell it to you for 50 because how dare they not let you buy it for the most you can pay and after all, you want a 100 bike and not the 50 bike you can actually afford
What a mean person who won't allow you to steal his house. You deserve a house priced way under market, so maybe Congress will pass a law that says you can buy a house for what you want to pay for it and the seller has no voice in the matter.
Or maybe like rent, Congress will declare that you don't have to pay at all.
If you really want this particular house, I'd up the offer but put a tight time limit on it.
But also be prepared to walk.
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