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Anything less will likely be 40+ years old and outdated and still in a subdivision with your neighbor right on top of you.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

Fast Rising HOA Fees on NYC Condo, No Budget Provided

My wife and I are first time homeowners and could use some advice on a situation we've been having with our management company and Board. We bought a condo in Brooklyn two years ago, and since then our HOA fees have climbed dramatically. In August of last year, our fees were increased by ~30% and just yesterday we received notice that this new figure would be increased by 16% as of June 1st. The by-laws for our building state that ten days before such a change goes into effect, the Board must provide unit owners with the itemized budget upon which the new numbers were based. This didn't happen last year, and when I asked the management company about it, they just kept vaguely insisting the Board had done due diligence. After I kept pressing, they finally sent a budget that was several years old, so obviously not the one that the new numbers were based on. When I asked the management company for contact information for the Board to get further clarification, I was told that th
Post a Comment
Read more

How to create fidelity investments current bank statement for lender during escrow

I transferred a certain amount to my bank account to complete the minimum down payment required. The bank wants a current statement of the transaction. Unfortunately, fidelity only does quarterly statements so a December statement is not available and we are due to close next week. I called fidelity and they they can only provide a letter but the bank said that won’t suffice. Any way I can find or make one of my own that has my account number/name along with all the recent month’s activities? submitted by /u/bodaciousbeans [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zmnnqo/how_to_create_fidelity_investments_current_bank/
Post a Comment
Read more