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Updated almost 15 years ago, 02/16/2010

User Stats

273
Posts
43
Votes
Herm M.
Pro Member
  • Real Estate Investor
  • NorCal, CA
43
Votes |
273
Posts

What Should I Do?

Herm M.
Pro Member
  • Real Estate Investor
  • NorCal, CA
Posted

The lender countered our original offer (250k) with an offer of 285k. There's a buyer lined-up at 340k. Should I try to cut down the 285k down to 270-275k, and increase profits? Or should we not risk getting denied and/or the file closed, and agree to the 285k?

It might sound like a no-brainer to take the 285k...but I guess my question is more along the lines of: How likely is the lender to deny a cash offer of 270k? 275k?

  • Herm M.
  • Loading replies...