Fannie Counter

[John McAuley]

Hey Everyone,

We are trying to buy a property through Fannie.  We submitted an original offer on the property at around 10% below asking price.  The price had already been reduced twice since they originally listed it.  They came back with a counter that is 4% below their current asking price.  Is that pretty much it with them or should we try to counter again?  This is our first dealings with Fannie so just trying to get another opinion.  Thanks.

John