Skip to main content

Best counters to my first offer?

My house was listed for sale today and I received a text from my agent saying we had our first offer.

The house is older, approx built in 1980. Wood siding, new central air. It’s older and weirdly shaped, only 2 bedrooms (2 baths as well, total of 6 rooms) it’s the only house on a dead end street of mobile homes (first house on the block).

In my city where subdivisions reign supreme, it’s unrestricted. Has .35 acres which includes an additional lot. And it’s rural development eligible. It’s not a fancy house by any means - the location, chain link fencing surrounds the property but it’s quiet and spacious. And is all modern inside.

Average home price is $200-$220k. What people consider “nicer” are homes that are around $250k

Anything less will likely be 40+ years old and outdated and still in a subdivision with your neighbor right on top of you.
Houses $150k or less are normally mobile homes.

I listed my house for $138,000. It seemed to be price right.

I signed a doc prior to listing that it was being sold as-is with no home warranty.

The offer came in for $143,000. But they want $7,000 towards closing and me to buy a home warranty.

It’s early in the am right now and my real estate agent will be calling discuss this with me.

I have until 5 pm to respond. The entire day I’ll be at work racking my brain over this. Lol I’ve never sold a house before, and I’m curious how I should handle this offer.

And just want a bit of ammo before my agent calls me to discuss. It’s possible she will be dual agent’ing this (I won’t know until she calls).

Any advice is helpful! 😊

submitted by /u/tastysnozzberries43
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/otufqy/best_counters_to_my_first_offer/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...
Post a Comment
Read more