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Post by MorellisCupcake on Mar 7, 2015 0:36:16 GMT
Quick background.. house in Charlotte has been for sale since June 2014. We've adjusted the price, done renovations, painted, etc., in the effort to find a buyer. It was under contract on January 31, but they changed their minds on February 2. Not sure why, but we got to keep their deposit money. ($300 - it's not the earnest money. NC has a place in their contract for buyers to add non-refundable money to show they're serious.) Since then, we've had showings but have also put it up for rent (as of two weeks ago). We have had interest and will probably find a renter if we continue to work in that direction. NOW, the buyers who backed out five weeks ago are back.. making another offer. It's slightly less than where we started negotiating in January, but not terrible. Terms are the same, they're just starting at $3000 lower than they started last time. Here's the question.. what do we counter?? We're guessing since they've been here before, and lost $300 to us, that they are much more committed this time. I'm not going to push it, but I would feel a lot better to get back to where we settled last time. So "priceline negotiators!" what do I do? Be grateful it might finally get taken off my financial plate or try to get a little more money? How would you read the situation? update - Why I'm even surprised, I don't know. They changed their minds AGAIN.  They decided to make an offer on another house in a neighborhood that is not as nice (IMO, but I'm probably biased). The lowest price in that neighborhood is $50,000 higher than mine, and the one above that is $80,000 higher. I have no idea why they had mine in mind twice when that price range is so much higher. My guess is they're hoping to lowball one of those ones, but who knows? It's so frustrating, you have no idea. I got that news last night, which was bad, but at the same time our realtor told us another agent contacted her after showing our house on Saturday, to see if it is currently under contract. Which might be a good thing, but I don't even want to get my hopes up. Next step will be renting it, and everyone wants a two year lease. *sigh* |
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gsquaredmom
Pearl Clutcher
Posts: 4,107
Jun 26, 2014 17:43:22 GMT
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Post by gsquaredmom on Mar 7, 2015 0:38:47 GMT
Not realtor but they like your house enough to come back. Whatever they left for fell through. I would ask for original deal plus more deposit.
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quiltz
Drama Llama
Posts: 7,086
Location: CANADA
Jun 29, 2014 16:13:28 GMT
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Post by quiltz on Mar 7, 2015 0:40:05 GMT
I would do what my real estate agent would tell me to do. They are the professional and they know the area.
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Post by underwatermama on Mar 7, 2015 0:44:30 GMT
My snarky self would counter with 300 less than the original offer. Probably not helpful since I'm sure your goal is to actually sell it.
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Post by MorellisCupcake on Mar 7, 2015 0:47:05 GMT
My snarky self would counter with 300 less than the original offer. Probably not helpful since I'm sure your goal is to actually sell it. That's entirely the kind of person I am, which is why I'm double checking here.  |
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Post by msbee on Mar 7, 2015 0:49:32 GMT
My snarky self would counter with 300 less than the original offer. Probably not helpful since I'm sure your goal is to actually sell it. That. I would probably stick to the original deal. If you do decide to go with their current offer I would require a non-refundable deposit equal to two months worth of your mortgae since it sounds like if they back out again it will delay your selling the house by at least two months. |
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likescarrots
Pearl Clutcher
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Post by likescarrots on Mar 7, 2015 0:52:10 GMT
Your house has been on the market for 9 months with 1 offer. You could negotiate, but is 3000 worth it to lose the offer again? Personally, I would not negotiate, just take their offer.
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Post by Clair on Mar 7, 2015 1:08:25 GMT
I remember your previous house selling posts.
Selling a house is a business transaction that you seem to be taking very personally.
As the poster above me stated - is $3,000 enough to make you want to lose the buyer?
Drop the price, sell the house - it sounds like the house is not priced right. You are losing money every month you carry an unoccupied house
Cut you losses and let the house sell.
I'm not a realtor but an investor... In real estate don't dick around (for lack of a better word) over such a small amount of money b
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Post by SabrinaM on Mar 7, 2015 1:13:52 GMT
Take the offer!! I think you're looking at this from an emotional perspective rather than as a business/financial one.
Renting out your house will be a mistake if you're not in the mood to be a landlord and all the fun that goes along with that.
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Deleted
Posts: 0
Aug 18, 2025 21:03:50 GMT
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Post by Deleted on Mar 7, 2015 1:21:33 GMT
At this point, given all you've done and how long it's been on the market, I would absolutely take the offer as is.
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Nicole in TX
Pearl Clutcher
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Post by Nicole in TX on Mar 7, 2015 1:24:23 GMT
I would just take the offer at this point.
Although I do like the original price minus $300!
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Deleted
Posts: 0
Aug 18, 2025 21:03:50 GMT
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Post by Deleted on Mar 7, 2015 1:29:02 GMT
I would take the offer. But after trying to sell our NC home for a long, long time (years), I would just want it gone. Good luck!!!!!!!!!!!!
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Post by chaosisapony on Mar 7, 2015 1:31:47 GMT
Original offer minus $300.
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Post by Scrapper100 on Mar 7, 2015 1:32:14 GMT
Take it. 3k isn't that much in the long run. Especially with no other offers.
I understand being upset they changed their minds but it isn't worth it. You want to sell. Take it and run.
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Deleted
Posts: 0
Aug 18, 2025 21:03:50 GMT
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Post by Deleted on Mar 7, 2015 1:33:30 GMT
At this point, given all you've done and how long it's been on the market, I would absolutely take the offer as is. This. But I would add in a larger non-refundable sum of they were to back out again. Screw me once, shame on you.... |
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Post by Scrapper100 on Mar 7, 2015 1:33:56 GMT
Oh and here you put down a much larger deposit. Thinking it was more than 1% of the sale price.
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Post by gramasue on Mar 7, 2015 1:44:41 GMT
They are obviously very interested in buying your house. You don't know why they backed out in the first place - it could have been a financing problem, and nothing to do with the house. I would take their offer. You want someone there that loves it, and it sounds like they're IT. Money isn't everything, and you will have this off your mind and be able to get on with your life.
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Post by bc2ca on Mar 7, 2015 1:50:46 GMT
At this point, given all you've done and how long it's been on the market, I would absolutely take the offer as is. This. But I would add in a larger non-refundable sum of they were to back out again. Screw me once, shame on you....  |
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Post by jumperhop on Mar 7, 2015 2:22:11 GMT
We Just sold our home in December. My DH had to remind me that selling a house is 10% Business and 90% emotional. Boy was it hard to sell this house. It was the perfect home for my family and I knew that where we were moving I would get half the house for the same price. It felt more like 1% Business and 99% emotional.
I feel your pain but at this point I think you should take their offer and put the $300 towards the home sell as a nice gesture to make them happy.
Jen
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Deleted
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Aug 18, 2025 21:03:50 GMT
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Post by Deleted on Mar 7, 2015 5:51:44 GMT
Do you know anything about their finances? Are they pre approved and reliable?
Bartering is always tricky. You don't want to lose the sale, but you need to know what your bottom line is. If they are above it, no matter what happened previously,I would accept it.
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Rainbow
Pearl Clutcher
Where salt is in the air and sand is at my feet...
Posts: 4,103
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Post by Rainbow on Mar 7, 2015 5:55:29 GMT
After nine months? Take the offer and run.
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Post by Skellinton on Mar 7, 2015 6:02:27 GMT
I would take the offer, 3,000 isn't that much when you are talking about a house. After 9 months of carrying a mortgage for an unoccupied house I would just want it sold.
There could be a lot of reasons they backed out last time, they clealry want it if they came back.
Good,luck.
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Post by anonrefugee on Mar 7, 2015 14:29:23 GMT
I remember your previous house selling posts. Selling a house is a business transaction that you seem to be taking very personally. As the poster above me stated - is $3,000 enough to make you want to lose the buyer? Drop the price, sell the house - it sounds like the house is not priced right. You are losing money every month you carry an unoccupied house Cut you losses and let the house sell. I'm not a realtor but an investor... In real estate don't dick around (for lack of a better word) over such a small amount of money b I too remember your posts, and sympathize. But at this point it's no longer your home, it is an investment, part of your financial portfolio. Listen to your agent about price. Make a good business decision, not a petty emotional one. |
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YooHoot
Pearl Clutcher
Posts: 3,471
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Post by YooHoot on Mar 7, 2015 14:36:28 GMT
Get rid of it! Let it go....let it go........ (heh).
Seriously, take the offer and be glad it's done with.
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Post by txdancermom on Mar 7, 2015 15:13:58 GMT
I would probably take it - it isn't that much, and may be equal to a couple months of mortgage payments/expenses that you would have incurred if it doesn't sell. However I agree - larger deposit, to ensure they are really serious this time, and would make sure they can qualify for a mortgage.
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Post by leannec on Mar 7, 2015 16:18:07 GMT
Dh is a realtor and he always says that a house is only worth what the market dictates ...
I would say that when a home has been on the market for as many months as yours, chances are it is over priced ...
It sucks for you but it may mean taking that offer in order to make the sale ...
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Post by craftsbycarolyn on Mar 7, 2015 16:24:05 GMT
Take the money and run...be done with it! Is it worth $3,000.00 to own it for 9 more months? And if you rent it, it will probably be worth a lot less than losing the $3,000.00.
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Post by pelirroja on Mar 7, 2015 16:27:12 GMT
If you rent it, your renters will do so much destruction that it will take some serious money to get it into saleable condition once more. It's been nine months (a full pregnancy for pete's sake!) and they've been your only viable offer (either the Charlotte market sucks or you are overpriced). If you get greedy, you'll run them off so take the money and run!
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Post by eebud on Mar 7, 2015 16:27:37 GMT
At this point, given all you've done and how long it's been on the market, I would absolutely take the offer as is. This. But I would add in a larger non-refundable sum of they were to back out again. Screw me once, shame on you.... Ditto all of that. I would also get as quick a closing date as possible. |
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Post by anniefb on Mar 7, 2015 18:42:47 GMT
Your house has been on the market for 9 months with 1 offer. You could negotiate, but is 3000 worth it to lose the offer again? Personally, I would not negotiate, just take their offer. |
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They decided to make an offer on another house in a neighborhood that is not as nice (IMO, but I'm probably biased). The lowest price in that neighborhood is $50,000 higher than mine, and the one above that is $80,000 higher. I have no idea why they had mine in mind twice when that price range is so much higher. My guess is they're hoping to lowball one of those ones, but who knows? It's so frustrating, you have no idea. I got that news last night, which was bad, but at the same time our realtor told us another agent contacted her after showing our house on Saturday, to see if it is currently under contract. Which might be a good thing, but I don't even want to get my hopes up. Next step will be renting it, and everyone wants a two year lease. *sigh* 
Time to get off the internet!
