If the bank was in counter offer/ offer mode with the other potential buyer, and then with our offer the decided to open it up, could this mean our initial offer was higher?

Then I get a fax back saying if its accepted or not or counter offered.

You could use this formula to determine what price you should use to counteroffer (if necessary):BPO = CMV - BHS Fees - Profit BPO = Best Possible OfferBHS Fees: Buy/Hold/Sell Fees Profit = How much you want to make...To determine CMV, seek out comparable sales data from the previous 6 months for similar properties within a 1/2 to 1 mile radius of the subject property.Regards,Scott Miller

If Countrywide does not accept your bid, they will counteroffer.

The seller's counter offer was so close to our (low-ball) offer that we just took it at their (countered) price.Hence the screenname.all cash

If there is a score it's coordination to closing, if not, counter offers until it hits or dies, then repeat.With agents it's a bit different, we put the client in the mix discussing strategies but I rarely meet a client as if I'm just the old buddy of the Realtor not representing the client or charging anything, just tagging along.It's not rocket science. :)

We are 100k apart, but they still counter and offer the requested finance terms.I'm guessing that they have just not bled long enough.What prompted the question, was after looking at the last counter offer I thought, How the hell could they get this deal thru their own underwriting dept?

But you were a little confusing...there wouldn't be a "counter offer" from the landlord without an "offer" from you.

I told the seller that my offer was non-negotiable, and if not accepted, I would not entertain a counter offer, nor would I be putting in another offer.

In fact, the asset manager who reviews some of the properties that have been on the market a long time, will not even know whether your offer in conventional or cash.No reason not to submit your offer if you can get your agent to do it, you will likely receive the computer generated counter offer from HUD