A question for the real estate agents.

[Big Cuddly Bear]

Sorry to hear your news. Hopefully you will find something else.

Thanks... we will for sure.

 

[horseshowmom]

When DH and I looked were looking for a house, we found one with the asking price of 210000(this was 1986). We offered 140000. They countered at 170000 and we bought it.
I'd offer what you're comfortable with and the sellers will either counter or say no.
One homeowner I know was offered 275000 on her 320000 asking price. She told the potential buyer, "Come back when you're serious." The buyer walked off. The house stayed on the market for 2 more years and sold for $240000. There's a saying " Your first offer may be your best offer", hopefully your seller will feel that way.

Well, I have my own story... I offered 190K to a lady across the street for her home. She listed it at 210. She also HAD TO BE MOVED IN to her condo by a certain date or face penalties.... she turned me down... I bought the other home I mentioned. Her house sold 3 months later for 174K.

DD and her husband are looking for land (want about 75-100 acres). One place had 100 acres with two houses on it (one 4BR house with the land, the other house only had 1/2 acre). One kink - one of the houses (the one with only the half acre) was owned by a different family member.

The 4BR house and land were/are priced very reasonably. The other house is not. These properties have been on the market for 2 years (yep, 2 years). The house on the half acre doesn't appraise for even half what the owner is asking, and they know that.

The houses basically share a yard of about 3 acres, but the 4BR won't sell with the other house there. While the property is perfect for DD and her DH, they can't afford to buy both houses, and we won't pay more than the other house is worth (they had discussed with us the possibility of our buying that house and selling ours).

If a house has been for sale for TWO years, it seems like people would use some judgement, but I guess not.

It happens. Do you have the MLS#? If you send it to me I'll check TREND tomorrow and let you know if it's updated to 'under contract'.

I will PM you.

Ahhh, the power of the Dis!