Quote:
Originally Posted by lowside67
So let me get this straight... you were "going to only offer them" $650k but then somehow offered them $698k.
My point was simply that there are only two possibilities...
1) You had no business making a $698k offer because you didn't want it
or
2) You should have paid $700k.
You have just clarified that it's Option 1, that's cool. Glad they didn't take your offer because it sounds like you just about made a huge mistake...
You can fail me until you are blue in the face, those are simple facts. I also made an offer on a place and the owners also came back with $2.5k over my asking price... I paid it because we actually wanted the place. And it was $422k so there is really no reason to get all snippy about "$2k not being a lot of money" or something about my income.
Mark
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Your other post came off as pretentious and douchy questioning whether we acted on ego and walking away due to "FACE".
That is what the fail is for.
As for your point, well it's a free market. You can chose to pay the extra $2.5K, or if the realtor was smart, cut $2.5K from their commission and everyone walks away happy, or just walk away.
You also missed a point, and that is the art of negotiations.
House was asking $670K. Supposedly only one offer that couldn't get financing. All that I cared was the house was still for sale and I can offer whatever we like. Whether the owner bites is up to them.
But straight up telling us they are only willing to sell for $700K and no less, well good luck for them. We felt the place was only worth $650K.
Oh yeah, and there wasn't any bidding war on the house so in our opinion, there really was no need to pay above asking.
And this all goes back to all the listings that Little Dragon posted.
You can call them stale for being on the market for > 30 days but until you have put an offer down on them, you really don't know if the owner(s) are desperate to sell or just waiting to get a payday.