There is a house that I absolutely love and I put a bid in on it last night and they had until 9pm tonight to respond. Well first let me give details on the house, it’s a brick home with a slope in the front which I’m not to concerned about but the back yard is almost flat which is perfect and enough space for large family get togethers. The house is approximately 2200 square ft, 5 bedrooms 2 master suites, and a total of 3 bathrooms, 1 master is a Jack and Jill. Has an unfinished basement that once complete would bring the total to approximately 3700 sq ft. Also has a 2 car garage. The home is in a subdivision that is almost 60% developed. Basic appliances, central heat and air, with hardwood floors in the hallways and dining area, carpet in the bedrooms, and tile in the bathrooms. The current selling price is listed at 107$/sq ft, and I offered them 15,000 less than asking with seller paying the closing. The house is currently a little over what I’m wanting to pay monthly but I have 20k to put down which will bring it to what I’m wanting. The loan is 24 years 100% financing with no PMI at a rate of 3.99, the total paid is less than a 30 year with PMI and approximately 10% down. So here’s the kicker the sellers are in the middle of a divorce and one agreed on the proposal but the other wanted more money but they couldn’t come to an agreement, so the window expired on my offer. They are trying to come up with a counter but will be outside window. The question I have is should I try to meet in the middle of my offer and theirs or should I repeat my offer. The house has been listed 3 times on the market in the past year and removed a few months later. We, the realtor and I, asked the seller if they have had any offers and they said no. What would you do? Thanks, Sorry for the long post.
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source https://www.reddit.com/r/RealEstate/comments/hief8d/counters/
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