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Old 02-19-2009, 09:21 PM   #20
Iowanian Iowanian is offline
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Join Date: Aug 2000
Location: Utopia
Casino cash: $1648454
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.
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