Counter Offers on Deals

[Christin Nguyen]

Hello everyone,

I put an offer on a property that I plan on living in and then fixing it into a short term rental.

Asking price was 179,900. I offered 170,000. Seller countered with 175,000. Are we in the market to ask for sellers assistance? I figure if they are meeting me in the middle, they might actually have room to go lower or negotiate more.

For background information, there are no other offers on this property. This property has also been on the market for 17 days. Thanks in advance for all your advice!

[Eliott Elias]

It does not matter what market we are in, make the offer that makes most sense for you. Your realtor should be able to gauge your leverage and advise you on how to negotiate from here.