Do not be afraid to counter offer.

They do a counter offer, that is an email that goes out to ALL of the people that have submitted an offer on the specific property.

I didn't really expect to get it and was hoping for a counter-offer since I haven't even inspected the house yet.

Finally, maybe 4 or 5 weeks later, the bank came back, not with a counter offer, but with a very short letter saying simply that they would NOT sell the house for any less than $76K!!

I just received a counter offer for a property with 2 homes on 1 parcel....

I've made several offers on properties like this, and I learned that most banks won't even counter offer if you're not within 10-15% of their asking price.

I put in a bid at $33k on a 5 bed 1.5 bath home and got a counter offer of $52k.

We were thinking of counter offering and asking for 1/3 split but wanted to post this question on bigger pockets before we do.

., how many times should I submit a counter offer if they don't accept the 1st offer before moving on to other properties and why would they be counter-offering my offer when they know or are aware that there's more properties in the area being sold that I would have a choice for?

All our offer are cash, 10% em, the thing is we keep ending up in those dreaded multiple counter offer situations...sometimes it seems like they're beating is by as little as $100, which leads me to believe they are getting extra info from the listing agent..