Seller counters above list price?

[Anonymous]

Anonymous wrote:I have a feeling even if the sellers accept the original list price or something close to it, they will be a PITA during the rest of the transaction looking for a way to get out of it and eventually sell for a higher price

+1

[Anonymous]

I think many people here are getting hung up on the morality of the situation and want you to "teach a lesson" to the seller by walking away. IMHO, that's short-sighted because it's negotiating from a position of spite. It's also a very easy viewpoint for them to take when it's not them trying to buy a house. Focus on what you want to accomplish and what gets you there.

As that paragon of business negotiation Dr. Phil says: "Would you rather be right, or rather be happy?"

[Anonymous]

What % is $30k more? Are we talking a 4% increase on a $750k house? Or are we talking a 1.5% increase on a $2m house? I think that makes a difference.

[Anonymous]

Anonymous wrote:What % is $30k more? Are we talking a 4% increase on a $750k house? Or are we talking a 1.5% increase on a $2m house? I think that makes a difference.

It doesn't make any difference at all. $30k is $30k. You sound like the seller trying to cloud a very clear issue.

[Anonymous]

Anonymous wrote:What % is $30k more? Are we talking a 4% increase on a $750k house? Or are we talking a 1.5% increase on a $2m house? I think that makes a difference.

House is listed for less than 750.

[Anonymous]

Anonymous wrote:I think many people here are getting hung up on the morality of the situation and want you to "teach a lesson" to the seller by walking away. IMHO, that's short-sighted because it's negotiating from a position of spite. It's also a very easy viewpoint for them to take when it's not them trying to buy a house. Focus on what you want to accomplish and what gets you there.

As that paragon of business negotiation Dr. Phil says: "Would you rather be right, or rather be happy?"

In this case, walking away would be both "right" and satisfying, don't you think? It's not like this is the only house available for purchase. If you saw a price on a gallon of milk and were told at the register that it was actually $1 more, which price would you expect to be honored?

[Anonymous]

Anonymous wrote:Be thankful they even entertained your offer

Another indignant seller. Hope yours sells before the bubble pops. Hijinx like this is the canary in the coal mine that this market is off the rails.

[Anonymous]

Anonymous wrote:I think many people here are getting hung up on the morality of the situation and want you to "teach a lesson" to the seller by walking away. IMHO, that's short-sighted because it's negotiating from a position of spite. It's also a very easy viewpoint for them to take when it's not them trying to buy a house. Focus on what you want to accomplish and what gets you there.

As that paragon of business negotiation Dr. Phil says: "Would you rather be right, or rather be happy?"

OP has already stated that they aren't even in love with the house. Sounds like you're trying to convince the seller to allow herself to be ripped off. She already offered list price - a price so fair that the sellers came up with it themselves.

[Anonymous]

Please, not with the buying milk analogy. We all (should) know it's not the same thing as house market value.

[Anonymous]

Anonymous wrote:Please, not with the buying milk analogy. We all (should) know it's not the same thing as house market value.

It's exactly the same thing. An asking price was listed for the house. OP met the asking price. Seller asked for more. The seller already set a value for the house with the asking price.

[Anonymous]

Anonymous wrote:Please, not with the buying milk analogy. We all (should) know it's not the same thing as house market value.

That's true, the seller of the milk doesn't develop irrational expectations for what their milk is worth.

God, I want real estate to be boring again...

[Anonymous]

Anonymous wrote:

Anonymous wrote:Please, not with the buying milk analogy. We all (should) know it's not the same thing as house market value.

It's exactly the same thing. An asking price was listed for the house. OP met the asking price. Seller asked for more. The seller already set a value for the house with the asking price.

Legally it's not the same thing. When you price milk, it's an offer to sell at that price. With a house you are being invited to make an offer. Additionally unless someone offers full price with no contingencies, which is extremely unlikely, the buyer has not made an offer commensurate with the terms set by the seller.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Please, not with the buying milk analogy. We all (should) know it's not the same thing as house market value.

It's exactly the same thing. An asking price was listed for the house. OP met the asking price. Seller asked for more. The seller already set a value for the house with the asking price.

Legally it's not the same thing. When you price milk, it's an offer to sell at that price. With a house you are being invited to make an offer. Additionally unless someone offers full price with no contingencies, which is extremely unlikely, the buyer has not made an offer commensurate with the terms set by the seller.

Ridiculous.

[Anonymous]

Anonymous wrote:Please, not with the buying milk analogy. We all (should) know it's not the same thing as house market value.

Then please give us the analogy where it's appropriate for the seller to set a price, receive that price and then reject it by asking for a lot more money?

[Anonymous]

Op you don't love the house. Walk away.