Need "reverse deal analysis" help

[Josh Johnson]

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

[Wayne Brooks]

You're only going to net $10k at full asking price.  Nothing aimed at you, but the market doesn't care what you "want", the market decides, after looking at comparable houses, what they'll pay.   Not sure how this is going to help your investing, you've got to live somewhere. How long has it been on the market, and any other offers?  Is this the first offer from this buyer, or a counter?  If their first offer, then they hope to get it for $5k higher, or so.  You could counter $182k with $5k paid costs, then settle out around 177-180.