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Reply to "Seller counters above list price?"
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[quote=Anonymous]When we bought our house 10 years ago, in another time when bidding wars were common, the sellers expected a bidding war, we were prepared to escalate but since we were the only ones that came in with an offer we made a clean offer at the asking price. We did waive the inspection because we had done a pre inspection. They came back asking for some additional $$ and we said no but we offerred a quick closing and a 2 1/2 month lease back which was essentially free to them. 10 years later I am still very happy we bought our house, it is not perfect with the exception of location. There were I think 3 or 4 other houses on the market that weekend in the same general area and price range. Ours was not the most updated or the least, ours and the least updated had the best locations, the least updated had a better yard but would have required a gut renovation before moving in. All three others had a bidding war, ours had three pre inspections and the inspection showed no problems. I am not sure why no one else put in a bid and I think they would likely have sold within 10 days if we had walked. On a different weekend, our house would have easily gone $30k over asking and we knew that. To this day I think we got pretty lucky. [/quote]
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