Not so useful to you, but for future reference and lurkers, I've seen listing agents counter-offer with "Appraisal to be ordered within 48 hours, or this contract is void" and things like that.

If you offer on the low side and he drops his price quite a bit in a counter offer that's a good sign.

I can't tell you how many people I know here in L.A. that started out happy to make (a very fair) $50k or $60k on a $450k ARV flip and then decided that since it's now hard to find these, began doing million dollar rehabs with the same expectation.The problem is that $50k is such a relatively small percentage of a million dollars that it's easily eaten by a reasonable counteroffer, a modest swing in the rehab costs, or a small shift in the market, so "bye bye any profit."

Counter offer $105k at 10% down and 4.5% interest.

I walked away due to us being too far apart after 4-5 counter offers, and the owner is now reaching back out.Am I way out of line for a quality property built in 88’ that requires no immediate improvements and almost guarantees appreciation for its location??

About six months ago I learned that an agent with 6 years under his belt did not know that there even existed a single offer counteroffer CAR form (or that you don't have to use CAR forms for it to be a valid contract...).

This does work.The next best way is to simply make counteroffers to their counter offer. 

If they come back with a counter offer then I guess you can play ball.You did not provide enough expense data.  

My husband and I are pretty happy with this offer, but after discussing with neighbours, they all want to counteroffer.

Surely large, sophisticated banks use some sort of calculation to get their inventory sold.Today I got a counter-offer from a bank of $123405.