Low Offers on my listed properties-Is this the new reality?

[Jacob Beg]

Hi All-

I rehabbed and listed three properties for sale. They are rehabbed to a high standard and my asking price is somewhat lower inferior comps.

I have received offers where buyers are either asking for 3% CC concession or offers that are at least 5--7% below the asking price. My counteroffers for full price offer is met with silence. 

I am carrying a high debt burden due to some unseen repairs and I wonder if this is the new reality and whether I should accept a 20K haircut on each property before it gets any worse. On a positive note, there isn't much else for sale in these good locations. 

Thoughts?

[Joe S.]

A counter offer at the exact same price could be considered a bit smug in the market we are heading into. Even a tiny reduction could show goodwill IMO.