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Thursday, September 08, 2005

playing the game

Well, this process of placing a bid on a house has been interesting. Our initial offer was for 14k below their listing and they countered with 2k below listing. We came back and offered 10k below and they countered with 3k stating they felt that was as low as they could go because they don't have a lot of equity in the house. I am comfortable with their latest counter but really want to get it down a little more. We split the difference and tonight offered 6k below listing. Their comment was that they didn't think they could go that low but would talk about it. Didn't hear from them tonight so well let them sit on the offer over the weekend. They haven't had renters for 3 months and have had no other offers so I hope they will agree to our latest offer which would give us some room to finance a little more than selling price so we can do a few little things when we move in. If they don't budge, I will probably accept their counter of 3k below.

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