Not sure if anyone would be able to help, but here it goes...
We like a house and just put in an offer. The house was originally overpriced considerably and has come down 70k over the last 120 days.
We put in an offer that was 82% ($230k) of the current price(which I feel is low, but was encouraged by realtor). The market in general is hot, but this house will need updates and is an older ranch house.
Seller countered with 10k off asking price, asking 96% ($270k)
I’m not sure where to counter next, as I’m guessing they seem a bit reluctant to reduce?
We like a house and just put in an offer. The house was originally overpriced considerably and has come down 70k over the last 120 days.
We put in an offer that was 82% ($230k) of the current price(which I feel is low, but was encouraged by realtor). The market in general is hot, but this house will need updates and is an older ranch house.
Seller countered with 10k off asking price, asking 96% ($270k)
I’m not sure where to counter next, as I’m guessing they seem a bit reluctant to reduce?