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Updated almost 10 years ago,

User Stats

58
Posts
24
Votes
Jim Brozny
Pro Member
  • Investor
  • Batavia, IL
24
Votes |
58
Posts

Winning bid, but....

Jim Brozny
Pro Member
  • Investor
  • Batavia, IL
Posted
We had the winning bid for 4 bdrm 3 bath house on auction.com. However, the bid didn't meet the reserve. The bank has. A&E a counter offer of 15k higher than the winning bid. It's a good deal even at that price. My question to those that have more experience than me, is it worth negotiating with the bank? If I come back with a counter that is 5000 lower than theirs, will they balk? We're told we have only one opportunity here to negotiate. What has happened in your experience? Thanks
  • Jim Brozny
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