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Well, according to what I find, the average listing price for similar homes for sale is $385,500 and the average sales price for similar recently sold homes is $358,067.
As for the "sale" above, it is listed as sold on County records, so it should be just as good a comp as any other.
Nope. No appraiser will use that price. There was no real sale involved. The real sale will take place when the bank puts it back on the market, my guess is probably in the mid-$200's at best. What does your agent say?
Nope. No appraiser will use that price. There was no real sale involved. The real sale will take place when the bank puts it back on the market, my guess is probably in the mid-$200's at best. What does your agent say?
She was supposed to call 45 minutes ago. No word yet.
Bottom line is we are calling the buyer at $358K. He can take it or leave it.
I hate this "process." It makes no sense whatsoever.
We rejected the offer. Anyone reading this post involved in bidding on my house - make it good or bring me the broomstick of the wicked witch of the west.
I know every sale is different, but any of your valuable advice is appreciated. I am not circumventing my agent here, just seeking imaginative ideas we may not think of ourselves in this 24 hour response time.
We asked $375K, they offered $318K - less that 85% of our asking price.
They didn't check any appliances (odd, isn't it?). I have to read the rest of the contract, but that is essentially it.
Any thoughts?
Thanks. You rock.
I would counter with something. They say (and statistics show) that your first offer usually works out to be your best offer. You wouldn't want to lose the opportunity to sell your house especially in this market --unless you don't care if you sell it or not. It would be awful if you lost that buyer and then had to wait another six months while the market worsened... for an offer that came in at $265k.....
Also don't offend this buyer by being stubborn about your price and then a month later change your mind and go back and try to accept the offer, they might decide to lower the offer further.
I know every sale is different, but any of your valuable advice is appreciated. I am not circumventing my agent here, just seeking imaginative ideas we may not think of ourselves in this 24 hour response time.
We asked $375K, they offered $318K - less that 85% of our asking price.
They didn't check any appliances (odd, isn't it?). I have to read the rest of the contract, but that is essentially it.
Any thoughts?
Thanks. You rock.
You need to counter offer back. But not without seeing the current COMPS in your area. I am curious, did your agent not bring this up with you at all a counter offer, if not this is very unusual. That is $57,000 lower then your asking price, can you afford to accept an offer with a $57,000 price tag attached below your asking price, and still be ok with the deal. Only you know for sure if getting $57,000 below your asking price, is acceptable to you. Depends also on your situation, and why you are selling. I personally would not accept an offer $57,000 below my asking price, but i am not you.
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