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Updated almost 10 years ago,
Need "reverse deal analysis" help
Hello Big Pocketeers!
I am in dire need of help coming up with a counter offer for my primary residence which I am selling. Long story short, we want out of the house so that we can have more money to buy our first investment property. The house is a 3/2 in an upper middle class neighborhood in which we were asking $182,500. The potential buyer came back with an offer of $172,500. The buyer wants us to pay $5K in closing and the agent's commission is 5%. We owe $161,333 on the house and want to make at least 10K on the sale. Any ideas on how to make this work?
Thanks in advance,
Josh