had to submit 4 other counter-offers (all were 30 day, cash only, as-is deals) before winning the final bid (and offering that I would fully cleanout the property.. it just had to be delivered empty). 

I have a property for sale and I am in the process of submitting counter offer #3.In a nutshell, My asking price was $113,500.Based upon the recent sales in the area, I am a tad high on my asking priceand have room to negotiate.The most recent sale was 6 houses down the block.

I'm in the process of writing a counter offer for a sales agreement that was presented to me yesterday.

If so, did your agent do a comp analysis for you and warn you that your offer was low, and that you should expect a higher counteroffer?

The contrcat used in my area require the owner's signature as being accepted, rejected or with a counter-offer being made.

The seller came back with a counter offer of just fixing the furnace and replacing two dead outlets.

Wayne, The issue was he did not accept the counter offer of $10K from Wells.

Do you get bids before you make an offer, or do you estimate yourself, make an offer, and then get bids and make a counter offer?

I tried to counter offer, but he stuck to his guns.Have I learned enough - and, is it time to move on, and sell to the wholesaler?

It's *EVEN MORE* rare that a bank won't either reject or counter-offer a price this low, so there's essentially no chance of getting it for that price if your first bid is that price.I'm not trying to rain on your parade, just trying to prepare you for the inevitable.