Wednesday, June 13, 2007

negotiations...

so, the potential buyer offered $5k less than our asking price, and wanted to close at the end of august. we decided that, if we were to hold the house for 2 months, then the offer needed to be for at least $5k more than the asking price. so we countered with a request for full price and a 1 month closing.

they came back with an offer that was still $5k less than asking but a closing in the beginning of July.

we were happy with the closing date, but still didnt feel good about the $$$. after all, we just dropped the price $15k. so, we held our breath and asked for full price and a 1 month closing...and that was our final offer, i think i even said 'take it or leave it'

so, the buyer, who is getting on a plane for Korea today, tentatively accepted that counteroffer and went to the house this morning for a visual inspection (not an official inspection--there was no inspector present). they ultimately decided that they would give us the full asking price and the 1 month closing, but because they didnt have a home inspector present, they want us to give them a home warranty (worth about $500) and they want us to have some tree limbs removed (worth about $1000).

we concluded that we did really mean it when we said the previous was our final offer.

now, we understand that we are not giving the buyer anything that would make them feel good about the negotiations (except for a new house in great condition) , and there is this little voice in our heads screaming "take the offer...you idiots!". but we decided that since we are going to have to carry the house another month anyway; since we just lowered the price on monday and they were the first people to see it with the new price tag; since we have another showing today and monday and an open house on sunday; that we are just going to take the risk.

who knows....i will keep you updated!

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