Any ideas on getting this gut to budge

**oachs83** · 02-13-2008, 12:22 PM

I am a first time home buyer and after being out bid a couple times ( one i had a higher bid but was not choosen because I wanted a house inspection) I had finally found a house I really want. It is brand new and has been on the market since late May of 2007. The house is listed at $169,900. I put in a offer at 162000 seller pays closing but I was willing to close at the end of this month to avoid him paying on the property anymore at the start of March. He countered at 171900 seller pays closing I countered at 167000 seller pays closing. His last counter then only dropped $900 to 171000. Me or my realtor don't know what to do besides the obvious, but I thought I was being more than fair. I am also non-contingent and am pre-approved by the bank and last I heard he has no other offers on it. Has anyone else expirenced this and gotten anything resolved? Thanks

**RobM** · 02-13-2008, 01:52 PM

My opinion is to offer your last offer and let him know that this is the final offer. If he does not want to accept it...he apparently is not in need to sell and you need to move on.

good luck

**carlam** · 02-14-2008, 02:28 AM

I have been dealing a lot with Short Sales, Pre-foreclosures and Foreclosures lately. It isn't that the seller doesn't want to take your offer; it is simply that they do not have the money to cover your closing costs as well as their own.

If it is bank owned or corporate owned; they have a bottom net price they will not go below and they won't necessarily tell you what their bottom line is.

If this is the house you really want and you can come closer to their price you will get the house you really want and still get a very good deal. It would be a win/win for everyone.

Let this one go and you may find yourself in this position again and again as my clients are finding out. This price range is very difficult and most houses in this price range are a short sale status. The sellers simply do not have the money - that's why it's a short sale.

**oachs83** · 02-17-2008, 08:09 AM

We finally reached a agreement, He took my 167K but his agent and my agent both agreed to take a cut and I had to give up the appliances ($1300 worth). So I guesss it worked out and I just need to bear with some used appliances for a little while, Thanks