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Old 02-19-2009, 06:30 PM  
Brianfo Brianfo is offline
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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
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Old 02-19-2009, 06:59 PM   #16
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Originally Posted by Jenson71 View Post
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.
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Old 02-19-2009, 07:16 PM   #17
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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
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Old 02-19-2009, 08:11 PM   #18
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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!
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Old 02-19-2009, 08:57 PM   #19
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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.
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Old 02-19-2009, 09:21 PM   #20
Iowanian Iowanian is offline
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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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Old 02-19-2009, 09:23 PM   #21
Bugeater Bugeater is offline
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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.
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Old 02-19-2009, 09:24 PM   #22
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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.
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Old 02-19-2009, 09:25 PM   #23
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Good for you.
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Old 02-19-2009, 09:26 PM   #24
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Originally Posted by Brianfo View Post
I countered...He replied to the realtor within 2 hrs and bought our house.
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.
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Old 02-19-2009, 09:30 PM   #25
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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?
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Old 02-19-2009, 09:30 PM   #26
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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.
Trust me. I got what the place was worth. Eat a fatty and forget your name.
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Old 02-19-2009, 09:33 PM   #27
sedated sedated is offline
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Eat a fatty
my girlfriend is quite fit, actually. But thank you for the advice.
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Old 02-19-2009, 09:33 PM   #28
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Guess my reply was a little late Congrats. If you are happy, that is all that matter.
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Old 02-19-2009, 09:34 PM   #29
Brianfo Brianfo is offline
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Originally Posted by Iowanian View Post
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.
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.
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Old 02-19-2009, 09:37 PM   #30
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Originally Posted by Brianfo View Post
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.
That's great news. My consulting fee is only $500, so it's a win for all of us.
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