(Closed) home negotiations are not fun!

posted 5 years ago in Home
Post # 3
Member
1339 posts
Bumble bee

ugh that is a lot of back and forth! Are you prepared to walk if he keeps yanking your chain?

Post # 5
Member
10573 posts
Sugar Beekeeper
  • Wedding: January 2011

Maybe there’s been some price drops already?  A 2k difference doesn’t seem big though, so hopefully it works out.  Good luck!

Post # 7
Member
5883 posts
Bee Keeper
  • Wedding: October 2010

Wow, that really sucks! Are you willing to walk away over $2,000. I dont know about you, but our housing market is really, really tight and I’m not sure $2000 over 30 years would be enough for me to walk away. 

Is there other stuff you could ask for like $2000 towards carpet or painting?

Post # 8
Member
5883 posts
Bee Keeper
  • Wedding: October 2010

He might have a mortgage that needs to be paid off. Also, you might ask your realtor and his to shave .5% of their comission to make the deal go through. We almost had to walk from our house because the appraisal came in $25,000 under our agreed price. They couldn’t afford to sell at that low price, so their agent agreed to 2% commision instead of 3%. 

Post # 10
Member
9202 posts
Buzzing Beekeeper
  • Wedding: August 2013 - Rocky Mountains USA

It’s smart of you to be willing to accept his price if he won’t budge. Ultimately 2k is nothing when it’s rolled into your mortgage. I think some people get so competitive and don’t want to “give in”, but its silly to lose your dream house over <1% of the price! Good luck!!

Post # 12
Member
5405 posts
Bee Keeper

I feel for the seller actually. I only say that because my parents are selling their house, and list value is significantly less than the appraisal, plus they’re getting low ball offers for many thousands less than list. While it seems like the sellers sometimes won’t negotiate, many sellers are already taking such a hit that they cannot afford to take low offers. My parents have turned offers down because they just can’t do it….they have to turn around and buy another house as well! Of course, markets vary so he might just be difficult, hard to say. Good luck!

Post # 13
Hostess
1427 posts
Bumble bee
  • Wedding: November 1999

Good luck!! At least you’re not in a bidding war with another buyer. 🙁 That’s becoming commonplace over here in our area.

Post # 16
Member
9202 posts
Buzzing Beekeeper
  • Wedding: August 2013 - Rocky Mountains USA

Smart move – congrats lady! Just don’t get your heart set on it til after the inspection, appraisal, and negotiations – that is the tricky part!

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