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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hi,

I’m selling a house in MD. The last offer I got, the buyer requested 3% closing costs assistance for $560,000 instead of $550,000 (We dropped the price to $550,000).

Our agent said it was a common practice because we’re in a buyer market but we decided to decline the offer. [/quote]

We sold the house after 3 months on market at $550,000, no seller credits. At last we're done! For some people here it was weird to turn down the last offer but we believed it was unfair. It doesn't matter if it is a buyer market. We were ready to remove the house from the market and rent it for a while if needed. Follow your gut...[/quote]

The previous offer wasn't unfair. It was only effectively 7k below asking. For a house on the market for three months that was a realistic offer. You never considered the carrying costs of sitting on the market for three months, the extra interest paid, taxes paid, pro rated of course. So I can see you didn't really save much money, if any. [/quote]

There are 20 days between these two offers. We didn’t pay $16,800 in mortgage, taxes… during that time, so yes, we saved money by declining the other offer.[/quote]

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