Funny chit. That's what I think. I'm telling you guys this guy is really interested and we're not trying to sell him a bill of goods. Just want what this place is worth. My father sold it to me out of college to help me get my feet on the ground.

Why are you selling it if you don't need to? If you can afford to hang on to it while our economy sucks, you should hang on to it. JMO

Just bought a house in this market, and while it is definitely a buyers market, excellent properties are still moving. There's just a little more red tape over value with the lenders if your buyer is financing it. He probably expects a counter, but if you go back to the asking price, he may walk away.

Good luck!

COUNTER!

Don't give in....the housing market is fine in the midwest. Don't buy into the news about California, Florida, Arizona where the housing was inflated & is only adjusting right now. Housing in the midwest never got crazy so don't buy into the negative housing market stuff here in the midwest...now if you happen to live in California or Florida...different story.

Never accept the first offer.

When I'm buying, I offer low, hoping they'll counter about -%25 and I'll try to meet them close to the midpoint between my offer and asking price.

My instinct would be for you to counter at asking price -$5k....but I don't know the total, the property, how much you owe on it, how much its worth et al. rule of thumb.

It depends on what your asking price is. For example, if it's $100K, I'd tell them to pound sand. OTOH if it's around $500K then it's probably not unreasonable at all.

We have a sale
 

I countered half way in the middle and made a few concessions, but told him that it was my final offer. He replied to the realtor within 2 hrs. and bought our house. I am happy, and I am happy for him. He is a serviceman and I told my wife that I am going to buy him a flagpole for him. He has been in Irag kicking ass so that I can come on Chiefs Plantet and ask for advice. God Bless our Serviceman.

Good for you.

sounds like you got screwed.

I'm not confident of a true ass-raping unless the guy takes 3 days to get used to the pain.

Could not agree more. Someone tried to buy some property from my mom a few months back. They told her that it was a good price based on the market. It was...but why sell? Hell, the real estate market will improve. If you do not have to sell a piece of property now, why would you?

Trust me. I got what the place was worth. Eat a fatty and forget your name.

my girlfriend is quite fit, actually. But thank you for the advice.

Guess my reply was a little late :) Congrats. If you are happy, that is all that matter.

Thanks for the advice. By the way, you been out shed hunting yet??Even though you are a Hawkeye fan, we have no bad blood.

That's great news. My consulting fee is only $500, so it's a win for all of us.