Reply to Overpriced house - lowball offer or wait?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We low balled after 3 months of sitting on the market, after the third price reduction. We offered what we thought the price should be and asked for closing. The sellers countered for a higher price than listed. We walked away. We found a better house that came on the market days later.

Be prepared to offend the sellers. I really didn't care they were offended because it is a business transaction. Just be prepared to move on. There are other houses on the market and more coming on line every day. It is just a house.[/quote]

Was the higher price equivalent to the closing you help you needed?

BTW, if you need help with closing costs, you probably shouldn't be buying.[/quote]

Sellers pay closing in this market, honey. We can afford closing costs but why would I pay it in this market?![/quote]

As a seller, I would chose the person who does not ask for closing costs over the one that does.  I would be worried that the one that needs the money may not have the money to close.  Maybe you don't need the money, but it looks that way when you ask for closing costs.  If you have the money, why wouldn't you just ask for a lower price?  For the seller, it's the same money, but less insecurity.[/quote]

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