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All Forum Posts by: Jon Looman

Jon Looman has started 1 posts and replied 1 times.

Michigan Real Estate Q&A Discussion Forum

Post: Purchasing Duplex - Unusual Counter Offer

Jon LoomanPosted
  • Investor
  • Ionia, MI
  • Posts 1
  • Votes 0

Hello,

Newer investor here. Have 1 flip and one single family rental under my belt. Purchasing a Duplex. Listing price was $64,900 and as the duplex had been on the market a while I offered $55,000. Seller countered at $51,900. There was no reason disclosed on why the counter was lower than my offer.

What am I missing? Why would the seller counter at a lower price than my original offer? Sale is based on acceptable inspection. I accepted the counter and all final contracts were signed by seller but I can't figure out why and am wondering what I am missing?

0 Votes