First Deal with a Counter Offer

[Faith Kirk]

We have been looking at properties to invest in and have made some offers on the very low side. We have not had any of our offers accepted or countered. Today our offer was countered. I like the price we started at and know that we could go higher. The counter was 10K lower than I expected them to counter at. We offered $129,900 on a 2 family fix and flip or potential BRRR that was on the market for $159,900. It had just been lowered to $159,900 from $189,900 so I was not expecting any counter but certainly not for the owners to come back with $139,900. The property is not in a war zone. It is in a high rental town. My question is, should I come back with another counter of $134,900 for example or just take the $139,900. The numbers work for a profit at $139,900 or even a bit higher. I am just looking for some reassurance and experienced minds to chime in. I am excited to get started with the rehab portion of this business and want a reality check from those that know better than I. Thank you in advance for your advise.

[Russell Brazil]

Dont step over dollars to pick up pennies.