Quote:
Originally Posted by SumAznGuy
Asking price was in the $670K. Only 1 offer given for $700K but that didn't go through as the buyers couldn't get financing.
We were about to give them an offer but their realtor said the owner won't accept anything less than $700K. We offered $698K and the owners said no. Not a dollar less than $700K.
We didn't love the house enough to give him that much so we walked away. And now the house is sold, someone paid $700K for it.
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I don't understand this attitude at all, a primary residence especially with a wife and or kids is certainly an investment but also has to meet many noninvesting criteria - neighbourhood, schools, design, etc.
The difference between $698k and $700k is literally a rounding error in your payment, you were willing to pay $28k over asking but not $30k?! There is no such thing as loving a place enough to pay 698 but not 700, it's simply not quantifiable. At the end of the day this was just a question of ego - neither of you were willing to lose face over $2k.
You either missed out on buying a house that you wanted because you wouldn't pay $7.39/month more or almost paid $698k for a house you didn't want. Both are scary concepts.
Mark