(Closed) Would you counter or accept [update]

posted 6 years ago in Home
  • poll: What should we do?!?
    Accept their current offer $399,900 (list price) + 12k closing help : (12 votes)
    21 %
    Counter at $397,500 + 12k closing help : (7 votes)
    13 %
    Counter at $396,000 + 12k closing help : (2 votes)
    4 %
    Counter at $395,000 + 12k closing help (their original counter) : (29 votes)
    52 %
    Counter at $392,500 + 12k closing help (splitting the difference btwn 1st offer and 1st counter) : (6 votes)
    11 %
  • Post # 3
    Member
    7293 posts
    Busy Beekeeper
    • Wedding: October 2011

    If you have the funds, and this is the house you want, you probably have to accept it. If there were a million other houses and options for you , I’d say look around but since its not I think you are very limited if this is what you need now.

    Post # 4
    Member
    5670 posts
    Bee Keeper
    • Wedding: August 2010

    I would hate to see you lose this house over 4k, especially if you want the home. Your realtor is terrible. I might consider hiring a real estate attorney to review all future contracts since this realtor may cause even more trouble for you guys in the long run.

    Post # 5
    Member
    9142 posts
    Buzzing Beekeeper
    • Wedding: November 2013 - St. Augustine Beach, FL

    Icky situation.  Counter with their counter of $395 with closing assistance.  If you’re the only ones interested in the house and they are motivated to sell they may accept it.  If not, they may get pissed and refuse to deal with you anymore.  If the house market there is anything like it is here (pretty bad), they will probably continue to deal and just counter again.

    Post # 6
    Member
    8884 posts
    Buzzing Beekeeper

    Counter is 397.5k – meet in the middle.  If they accept you have still saved a little bit 🙂

    Post # 7
    Member
    13099 posts
    Honey Beekeeper
    • Wedding: July 2010

    I’d counter back with their original counter ($395,000 + 12k closing help).  That shouldn’t offend them since they already offered you that exact same price.  I’d have my realtor say as much to their realtor when submitting the offer too!

    Post # 9
    Member
    1145 posts
    Bumble bee
    • Wedding: December 2011

    I would counter at the orginal accepted offer. I’d have half a nerve to tell my agent to tell the other agent that we almost were going to counter at the orginal (lower) offer price.

    They’ve been on the market for 140 days. Its not a hot ticket house. Don’t keep giving – you haven’t even gotten to the inspection (asumming you are getting one) .

     

    Post # 10
    Member
    14404 posts
    Honey Beekeeper
    • Wedding: June 2011

    Unless their original counter offer has expired, it’s still valid, isnt it?

    Post # 11
    Member
    1145 posts
    Bumble bee
    • Wedding: December 2011

    @pinkshoes:  I believe they re-countered OP’s counter. OP’s offer was never fully accepted (I think). If this is the inspection phase then they can renegotiate.

    Post # 12
    Member
    2233 posts
    Buzzing bee
    • Wedding: September 2012

    Wait.. so they countered at 395K + 12 – which I am assuming you signed. How can they re-counter with 399K+12 – if they countered & you accepted, it’s a done deal.

    What’s your realtor saying to do?

    Personally I would walk but then I am basing that on what the market is like here. Sellers are greedy here!

    Post # 13
    Member
    14404 posts
    Honey Beekeeper
    • Wedding: June 2011

    @Captain013:  I read it as the original was 399, OP made and offer of 390 + 12k closing cost, and sellers countered at 395+ closing.  The last offer on the table was from the sellers at 395.. unless its expired or was rejected, I would have guessed that was still a valid offer and seller cant just go change their mind and make it 399 again. 

    Post # 15
    Member
    14404 posts
    Honey Beekeeper
    • Wedding: June 2011

    Both relators seem non commital!  I dont know if this is normal, but something about it rubs me the wrong way.  They could have easily signed their counter for 395 + closing + the conditions with the insurance.  Offeres and counters are made with conditions all the time.  Your offer is contingient on inspenction and appraisal, they’re could have included something about insurance.  I’d have my realtor casually email them back and be like whats the deal, you just said 395 would be considered.

    Thinking back, the only paper I remember signing was my original offer.  My counter offers were done with me, verbally.  I’m not sure how the realtors were handling it.  We offered/countered 4x before accepting.

    Post # 16
    Member
    5670 posts
    Bee Keeper
    • Wedding: August 2010

    I’m not in Maryland so I can’t speak from experience but any offer we submitted was a formal offer written offer. A purchase agreement needed to be completed every time. It stated the price, terms and conditions, deadline of accepting the offer, appraisal contingency, etc. Even if we the seller countered everything was done on these legal forms.

    In no way was an email ever acceptable or legally binding. What makes it legally binding do you don’t get to the closing table and are told you have to pay a different price?

    EDIT: I just did a quick search and found that a purchase and sales agreement must be used in Maryland too. Your realtor just seems incompetent. The way you legally know that the seller accepted your counter is their accpetance and signature on the P&S. Without that you have nothing.

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