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Should we walk away and take our offer back?

Submitted an offer of 690k on a 729k asking price on a house that has been on the market for 35 days. Told them on Sunday “offer is coming”. Monday morning offer was submitted. Today (Tuesday) an today noon they said they “might be getting another offer”. Okay… would it be reasonable if we pull the offer if we don’t hear by tomorrow (Wednesday) afternoon? Offer didn’t not have an expiration.

We like the area and the house but the roof is 25 years old and the septic has some known issues, plus we have 6 more months on our lease so we’re not desperate. It just sound like the buyer is fishing for other offers with ours which I don’t like, we’re also willing to negotiate if they just countered? We offered 5% below asking and if feels a bit bad that they can’t even give us a response besides “we might get another offer”.

submitted by /u/monika1927
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1xh6djy/should_we_walk_away_and_take_our_offer_back/
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