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)

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?

Brianfo · 02-19-2009, 06:59 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)

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.

**bogey** · 02-19-2009, 07:16 PM

Quote:

Originally Posted by Brianfo

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

chief52 · 02-19-2009, 09:30 PM

Quote:

Originally Posted by bogey

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

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?

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....

02-19-2009, 06:30 PM	Topic Starter
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: $-722449 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: 145,551

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	#11
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	#12
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	#13
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	#14
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