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JMC1014
We got a puppy!!
Member since 5/07 1420 total posts
Name:
J
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put in an offer...Update Below!
We put in an offer on a house on Saturday. They were having an open house both Saturday and Sunday and the agent took the offer and said we will most likely hear somethign on Monday. She left a message at my DH's office voice mail on Sunday saying that they are going to listen to all offers and she will contact us on Monday. We haven't heard anything yet and are very anxious. My question is...Is it okay to call the agent and find out what is going on? Or is it bad to look too anxious?
Thank you!
Message edited 8/20/2007 3:52:33 PM.
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Posted 8/20/07 2:54 PM  |
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alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
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Re: put in an offer
IMO, it looks too anxious.
i'd wait until tomorrow morning if you dont hear back today. and at that, i'd wait until 10am and not FIRST think in the morning, kwim.
good luck!
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| Posted 8/20/07 3:06 PM |
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Mrs-D-Girl
Love my fur baby
Member since 8/07 5183 total posts
Name:
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Re: put in an offer
IMO, I would call just to see what is going on. You don't have to get to into it, just ask if she heard anything further and if there were any other offers out there and if the Seller was accepting anything.
If you want the house that badly, you don't want to look anxious, but you don't want to loose out on it either.
Hope it all works out for you in the end 
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| Posted 8/20/07 3:28 PM |
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JMC1014
We got a puppy!!
Member since 5/07 1420 total posts
Name:
J
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Re: put in an offer
So during deciding to call/not call..they called with a counter offer $9k less then her asking. (which is still $70K more then our first offer!) We are prepared to make a counter back but I think we are going to wait until tomorror morning to call it in.
I just hate playing this back and forth game. Just tell me your number and if it isn't what we want to pay, we'll move on. 
Should we wait until tomorrow or just call her later tonight? (Can you tell I am so new at this?)
Message edited 8/20/2007 3:56:48 PM.
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| Posted 8/20/07 3:51 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: put in an offer...Update Below!
Posted by JMC1014
So during deciding to call/not call..they called with a counter offer $9k less then her asking. (which is still $70K more then our first offer!) We are prepared to make a counter back but I think we are going to wait until tomorror morning to call it in.
I just hate playing this back and forth game. Just tell me your number and if it isn't what we want to pay, we'll move on.
Yeah its definitely a game and very annoying. But if you know what your bottom line is, just tell them now.
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| Posted 8/20/07 3:56 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: put in an offer...Update Below!
I agree, if you offered 70K less, and they only came down 9K, its still a broad range. I would put in another offer.
In a 2 day span, our process went like this
List price was $289K
Our Offer: $265K
Their Counter: $279K
Our Offer: $270K
Their Counter: $272K
We accept at $272K
It was worth it in the end. I know its frustrating, but I promise, it will be worth it.
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| Posted 8/20/07 4:02 PM |
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JMC1014
We got a puppy!!
Member since 5/07 1420 total posts
Name:
J
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Re: put in an offer...Update Below!
Posted by kerrycec03
I agree, if you offered 70K less, and they only came down 9K, its still a broad range. I would put in another offer.
In a 2 day span, our process went like this
List price was $289K
Our Offer: $265K
Their Counter: $279K
Our Offer: $270K
Their Counter: $272K
We accept at $272K
It was worth it in the end. I know its frustrating, but I promise, it will be worth it.
So far we are at this:
List price is $399,990
We Offered: $320K (the house needs a ton of work)
Their Counter: $390K
Our Offer (which we haven't yet made) I think will be $335K
Our top price is between $345-350K.
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| Posted 8/20/07 4:04 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: put in an offer...Update Below!
Posted by JMC1014
Posted by kerrycec03
I agree, if you offered 70K less, and they only came down 9K, its still a broad range. I would put in another offer.
In a 2 day span, our process went like this
List price was $289K
Our Offer: $265K
Their Counter: $279K
Our Offer: $270K
Their Counter: $272K
We accept at $272K
It was worth it in the end. I know its frustrating, but I promise, it will be worth it.
So far we are at this:
List price is $399,990
We Offered: $320K (the house needs a ton of work)
Their Counter: $390K
Our Offer (which we haven't yet made) I think will be $335K
Our top price is between $345-350K.
hmm, I still think its a broad range for somebody to drop over 50K, especially if they only dropped 9K, but they did consider your low 320K offer, so I'd go for the next round, what do you have to loose. Who knows, they may say yes.
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| Posted 8/20/07 4:14 PM |
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ali120206
2 Boys
Member since 7/06 17792 total posts
Name:
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Re: put in an offer...Update Below!
Posted by kerrycec03
hmm, I still think its a broad range for somebody to drop over 50K, especially if they only dropped 9K, but they did consider your low 320K offer, so I'd go for the next round, what do you have to loose. Who knows, they may say yes.
ITA.
We bought a house that needed a lot of work, it was listed low, around what yours was listed for, and the sellers only dropped $20k. Comparable homes in the area went for the same/similar prices.
Do you have any comps for the area? That helped us to determine what our offer should be and whether it was reasonable.
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| Posted 8/20/07 4:24 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: put in an offer...Update Below!
Posted by ali120206
Posted by kerrycec03
hmm, I still think its a broad range for somebody to drop over 50K, especially if they only dropped 9K, but they did consider your low 320K offer, so I'd go for the next round, what do you have to loose. Who knows, they may say yes.
ITA.
We bought a house that needed a lot of work, it was listed low, around what yours was listed for, and the sellers only dropped $20k. Comparable homes in the area went for the same/similar prices.
Do you have any comps for the area? That helped us to determine what our offer should be and whether it was reasonable.
we did the same. We took into consideration:
-comp's in the complex
-seller's reason on why leaving (in our situation, they bought in SC and were carrying 2 mortages and desperate to get out).
-condition of the place
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| Posted 8/20/07 4:39 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: put in an offer...Update Below!
our sellers got right back to us...this was in the matter of one evening, and i was in grad school talking to DH thru IM
Asking: $399,999 (just lowered from $449K)
we offered: $349,000 (to test the waters)
They Countered: $379,000.
We Countered: $359 or 369 I dont remember...
They countered $372,500.
Thats what we agreed on. and we were able to negotiate a little more after the inspection (sales price didnt change, they gave us cash back at closing).
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| Posted 8/20/07 5:12 PM |
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TJLealand3
LIF Adolescent
Member since 6/07 839 total posts
Name:
Thomas
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Re: put in an offer...Update Below!
Take the next logical step to getting to your number. They dropped 10k
up your offer by the difference, keeping your number in the middle.
You said,
So far we are at this:
List price is $399,990
We Offered: $320K (the house needs a ton of work)
Their Counter: $390K
Our Offer (which we haven't yet made) I think will be $335K
Our top price is between $345-350K.
if you go between you 335k and their 390k you are at 362.5K, that is higher than your max.
the game is long and tiresome but it has rules........
In this case, I would offer Less than 335K
Your number is in the middle.
up your offer by the amount they lower theirs.
Good Luck
Message edited 8/20/2007 5:36:53 PM.
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| Posted 8/20/07 5:29 PM |
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counselor74
LIF Adolescent
Member since 5/07 806 total posts
Name:
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Re: put in an offer...Update Below!
At this point I think you and the seller are very far apart in price. DH and I went through this during our house hunt. The truth is that some sellers are not prepared to come down much on their price for whatever reason. I would keep looking for other properties.
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| Posted 8/20/07 5:44 PM |
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JMC1014
We got a puppy!!
Member since 5/07 1420 total posts
Name:
J
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Re: put in an offer...Update Below!
Thank you all for your good advice. I think we are going to offer the $335K tomorrow since she really wants to sell (it is a daughter selling her deceased parents house) and just see what happens. I think if they weren't interested in our offer at all or had any higher offers, they would've just told us we were way out of the ballpark; but since they are negotiating a tiny amount we will take a chance. Thankfully we are not under any pressure to move from where we are so we have some time to keep looking if this doesn't work out.
I will keep you updated and thank you again for your advice. I am sure I will be asking more questions as we go along! 
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| Posted 8/20/07 9:56 PM |
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