Re: Lowball Offer on House
Just an update. Made an offer on the $269,500 house. Things actually going as I pessimistically expected. I offered $230,000. He countered at $265,000 (from the original $269,500). My thinking at this point is this: if I counter only $5000 higher, he is going to think I am just trying to slowly meet in the middle and not be willing to play ball. So I am thinking of countering at $237,500 or $240,000 to make him think I am going to come way up. Then I put the brakes on and re-counter in the $245,000 range. Then I top out around $250,000. BTW, he said he has an independent appraisal of the house that he provided with his $265,000 counter that says the house is worth $275,000. What do you guys think?
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