Home and Auto Advice Needed: Selling a House

Brianfo · 02-19-2009, 06:30 PM

Long story short I have had my house listed for a while and my wife and I got an offer on it today. We are about 20K apart on asking and offer. Do I counter offer? I have never dealt with any of this before and just want some opinions. It's an acreage that we have had listed about 4 months. We are moving to another acreage and don't HAVE to sell the place, as we have had several offers from people wanting to rent out listed place. Anyway give me your feedback. TIA

**Rain Man** · 02-19-2009, 06:34 PM

I think that classic negotiating tactics say that you should never be the person who says "okay". You always ask for something else and only stop when the other person says "okay".

That said, the world economy has collapsed and your offer may be the last real estate offer ever made on Planet Earth, at least until the intelligent apes take over.

Brianfo · 02-19-2009, 06:39 PM

Quote:

Originally Posted by Rain Man

I think that classic negotiating tactics say that you should never be the person who says "okay". You always ask for something else and only stop when the other person says "okay".

That said, the world economy has collapsed and your offer may be the last real estate offer ever made on Planet Earth, at least until the intelligent apes take over.

My wife says that we should take the money and run, but my mind says that we need to counter offer. It really is a nice acreage and we are not asking for the moon. Thanks for the response.

DrRyan · 02-19-2009, 06:40 PM

You have to counter offer if you want to sell. The market is down and the buyer is giving you a low ball offer coming in at $20K below asking price, provided you are asking a fair price from a recent appraisal or comps. If you don't have to sell it, I would not accept an offer lower than what you are ok with. Certainly not $20K below your asking price(again, provided you have listed at today's value).

**SAUTO** · 02-19-2009, 06:40 PM

counter offer.

Jenson71 · 02-19-2009, 06:43 PM

Give them a counter offer 20K more than your listing price

(warning - I'm not in sales or real estate. I've just seen a few movies)

CoMoChief · 02-19-2009, 06:47 PM

Housing market sucks right now, probably the worst time to sell a house. You have to counter offer IMO

Brock · 02-19-2009, 06:47 PM

they're trying to steal it, screw that.

**bogey** · 02-19-2009, 06:49 PM

My first thought was, if you don't have to sell and can rent it out, then don't sell. That being said, you should definately counter.

**The Franchise** · 02-19-2009, 06:49 PM

Counter offer. The worst they can do is either say no or come back with their own counter offer. If you don't have to sell it.....then you hold all of the power.

burt · 02-19-2009, 06:50 PM

20 years of negotiating.....counter....

stlchiefs · 02-19-2009, 06:51 PM

Quote:

Originally Posted by Jenson71

Give them a counter offer 20K more than your listing price

(warning - I'm not in sales or real estate. I've just seen a few movies)

You probably didn't even sleep at a Holiday Inn Express last night did you?

gta0012 · 02-19-2009, 06:52 PM

I'm a licensed Realtor in New Jersey FYI. (Just for a background of how i'm pulling this out my ass)

If you have a decent Realtor then you should have an idea of what your house should actually sell for. Based on similar listings sales etc.

I might counter offer with the same offer you had the house listed for. Have the Realtor say that its reasonably priced and priced to sell. And that you really weren't intent on dropping the price. The other Realtor will call bullshit but hopefully raise by 5-10k. Then i'd just settle and be happy you sold the house in this market hahaha.

**Rain Man** · 02-19-2009, 06:53 PM

Countering will also make them feel better. If you say okay, they'll spend the next thirty years thinking that they should've offered you less. So you're not doing it for you, you're doing it for the buyer.

stlchiefs · 02-19-2009, 06:55 PM

Ditto on what has been said. Especially if you don't have to sell, this isn't the market to be selling. Hold out for what you are comfortable with, there is no reason to accept a low ball offer in this market if you don't need to.

02-19-2009, 06:30 PM
Brianfo Veteran Join Date: Apr 2002 Casino cash: $10004900	Advice Needed: Selling a House Long story short I have had my house listed for a while and my wife and I got an offer on it today. We are about 20K apart on asking and offer. Do I counter offer? I have never dealt with any of this before and just want some opinions. It's an acreage that we have had listed about 4 months. We are moving to another acreage and don't HAVE to sell the place, as we have had several offers from people wanting to rent out listed place. Anyway give me your feedback. TIA
Posts: 1,325

02-19-2009, 06:34 PM	#2
Rain Man Seize life. Be an ermine. Join Date: Jul 2001 Location: My house Casino cash: $-692449 VARSITY	I think that classic negotiating tactics say that you should never be the person who says "okay". You always ask for something else and only stop when the other person says "okay". That said, the world economy has collapsed and your offer may be the last real estate offer ever made on Planet Earth, at least until the intelligent apes take over. __________________ Active fan of the greatest team in NFL history.
Posts: 145,520

02-19-2009, 06:40 PM	#4
DrRyan Veteran Join Date: Jan 2009 Location: AZ Casino cash: $4501721	You have to counter offer if you want to sell. The market is down and the buyer is giving you a low ball offer coming in at $20K below asking price, provided you are asking a fair price from a recent appraisal or comps. If you don't have to sell it, I would not accept an offer lower than what you are ok with. Certainly not $20K below your asking price(again, provided you have listed at today's value).
Posts: 2,165

02-19-2009, 06:40 PM	#5
SAUTO Shit Join Date: Jun 2008 Casino cash: $10039067	counter offer.
Posts: 55,715

02-19-2009, 06:43 PM	#6
Jenson71 fides quaerens intellectum Join Date: Oct 2003 Location: United States Casino cash: $8330900	Give them a counter offer 20K more than your listing price (warning - I'm not in sales or real estate. I've just seen a few movies)
Posts: 15,986

02-19-2009, 06:47 PM	#7
CoMoChief Mahomes Dynasty Join Date: Mar 2005 Location: Parts Unknown Casino cash: $7672254	Housing market sucks right now, probably the worst time to sell a house. You have to counter offer IMO
Posts: 39,245

02-19-2009, 06:47 PM	#8
Brock Say hello to my little friend Join Date: Aug 2000 Location: Larryville Casino cash: $9598422	they're trying to steal it, screw that.
Posts: 47,314

02-19-2009, 06:49 PM	#9
bogey Supporter Join Date: Oct 2007 Location: California Casino cash: $10005290	My first thought was, if you don't have to sell and can rent it out, then don't sell. That being said, you should definately counter.
Posts: 2,264

02-19-2009, 06:49 PM	#10
The Franchise Most Valuable Villain Join Date: Dec 2006 Casino cash: $2065047	Counter offer. The worst they can do is either say no or come back with their own counter offer. If you don't have to sell it.....then you hold all of the power.
Posts: 92,316

02-19-2009, 06:52 PM	#13
gta0012 Starter Join Date: Sep 2007 Location: LA Casino cash: $10004925	I'm a licensed Realtor in New Jersey FYI. (Just for a background of how i'm pulling this out my ass) If you have a decent Realtor then you should have an idea of what your house should actually sell for. Based on similar listings sales etc. I might counter offer with the same offer you had the house listed for. Have the Realtor say that its reasonably priced and priced to sell. And that you really weren't intent on dropping the price. The other Realtor will call bullshit but hopefully raise by 5-10k. Then i'd just settle and be happy you sold the house in this market hahaha. __________________
Posts: 561

02-19-2009, 06:53 PM	#14
Rain Man Seize life. Be an ermine. Join Date: Jul 2001 Location: My house Casino cash: $-692449 VARSITY	Countering will also make them feel better. If you say okay, they'll spend the next thirty years thinking that they should've offered you less. So you're not doing it for you, you're doing it for the buyer. __________________ Active fan of the greatest team in NFL history.
Posts: 145,520

02-19-2009, 06:55 PM	#15
stlchiefs Veteran Join Date: Mar 2007 Location: St. Loser, MO Casino cash: $10005674	Ditto on what has been said. Especially if you don't have to sell, this isn't the market to be selling. Hold out for what you are comfortable with, there is no reason to accept a low ball offer in this market if you don't need to.
Posts: 4,160

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