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Reply to "Overpriced house - lowball offer or wait?"
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[quote=Anonymous]We made a lowball offer on our current house after doing some pretty serious research about what we thought it was worth. We decided it was overpriced, and we offered about $60k below asking. The sellers countered so we came up about $5k and told them that was it. They countered again but we stood firm. They walked away. About four weeks later they came back to us and asked if the offer was till good. We made the deal and we've been there 2 years. However, we were awfully sure that (a) the house wasn't worth more to us than what we offered and (b) we weren't going to die if we lost it. Also, it needed work and it was the middle of winter, so we knew the house wasn't going anywhere fast. Good luck![/quote]
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