Updated about 11 years ago on . Most recent reply
short sale HELP!!!
Hello,
Hope im posting in the right place. New to this and just looking for some advice. My wife and I put an offer on a property in September for $270k as advised by the listing agent because the Bank (seller) had already accepted an offer for $270k back in april. That buyer didnt end up qualifying. after a 3 month wait, they finally got back to us. they want $355k. I figured that was a starting point to begin negotiating.
After speaking with My Realtor he has advised me to counter offer them at $355k with a 6% seller contribution. I thought that was too high of a jump in price and I suggested maybe starting at $310k. He says they wont accept that and we are at risk of loosing the property. THE HOUSE IS WORTH $355k but i feel like im not getting any help from my realtor.
Also want to mention the property is NOT on the market and my offer is the only one they have.
Just looking for advice from someone whos gone thru this before and can give me some guidance. Should I take my realtors advice or should i counter at a price that i feel comfortable with. Any help is appreciated. Thanks in advance.