Oh please help...

  1. Trying to sell our house and move soon - got an offer 5,000 less than we wanted. It is a total buyer's market - but our house has only been listed for 2 weeks. WHAT WOULD YOU DO?
  2. Visit Pretzlgl profile page

    About Pretzlgl

    Joined: May '02; Posts: 266


  3. by   baseline
    Pretzlgl, I'm just not a real estate person, but maybe you could counter offer? What does your realtor suggest.
  4. by   Pretzlgl
    That's part of the problem - unfortuneately. She is unavailable to help us on Sunday and we have to make a decision by 9AM Monday. UGGH. (We live in Utah and Sunday is NOT a day to do business apparently.)
  5. by   Robin61970
    Counter offer......and why are you getting an offer that hasn't gone through your real estate agent?? I thought their job was to get the offer and contact you about it...along with advice on how to proceed.....that's how it works here. I would be PO'd that I couldn't speak to my listing agent......good luck to you......
  6. by   Pretzlgl
    I agree - the showing agent called US and said I am making an offer....Our agent was at a basketball game and unavailable - and is unavailable on Sunday to help....Maybe I should go into real estate...would never be able to get away with this at my job!
  7. by   Jenny P
    Pretzgl, when we bought our present house, I offered $5000 less than what they were asking at the advice of our realtor (the previous owners had already bought another house and we were hoping that they wanted to get rid of this place fast). The sellers rejected my offer, so we then offered the full amount but asked for some repairs to the furnace air cleaner and humidifier. They refused to do it, and we ended up buying the place anyway. It was kind of like bluffing at playing poker,trying to see who would get the better deal. If your house has only been on the market for 2 weeks, don't sweat it.
  8. by   Pretzlgl
    Thanks Jenny, that makes me feel better...
  9. by   globalRN
    counter offer is good advice....however if it is a buyers market...have you had a lot of interest in your home?
    If so, don't worry...if not...and you must sell....5000 is not a lot of money IMHO when it comes to buying a home(although it depends on how much the total offer is 100,000;200,000 etc.
    The other thing is that you can negotiate the real estate agents fee....pay her less if she will eat all or some of the difference since
    she can get a quick sale/
  10. by   Pretzlgl
    Thank you global - I personally agree that 5000 is not a lot of money in this situation. My fiance on the other hand...he is stressing so badly about this I am ready to scream! It is a total buyer's market - AND we are moving 2500 miles away, so if we can sell before we move that would ease my mind soooo much. (IMHO peace of mind is priceless!)
  11. by   Tweety
    Unless the buyers are horribly naive, then they are expecting a counter offer from you. If you really are willing to take a loss, then counter offer maybe 2.5 grand less than you asked and maybe they will meet you in the middle. If they don't you can always back up and accept their original offer.

    You never know that if you don't sell now when the next offer is going to come in.

    If it's a buyers market, then it's probably pretty standard to lower your asking price a bit.

    Good luck!
  12. by   renerian
    Yes make a counter. Most counters are around 50% of the difference to start. I have done lots of counters on properties I owned and sold. What you need to decide is if they reject your counter do you want to sell bad enough?

  13. by   Pretzlgl
    Thanks you guys - I always know who to turn to....We are moving to Florida from Utah - in January. So if we can sell now - I say do it! The house 2 doors from us sat on the market for 11 months before it sold. She did have really low offers, and finally ended up carrying the contract for the loan herself. Counter offer sounds good - I guess I needed some reassurance that the folks who made the offer are expecting to hear a counter from us. Thanks again!
  14. by   baseline
    Looking forward to meeting you as you pass thru!!! LOL.....Keep us informed!