Lowball Offer on House

[w_gibbs]

UPDATE: He countered with this:

$267,500 and he writes me a $10,000 check for closing

He basically restated his $257,500 offer. Wasn't expecting that. Now I wish I had offered $250,000 instead of the $257,500 and 3%. Oh well I think he probably would have countered that at $256,500 or $256,000 at best so it's probably irrelevant. There really isn't anywhere for me to go from here. Maybe I can find out what kind of car he drives and write that into the contract...lol.

Thanks for all the helpful suggestions. I think it didn't work out because the seller was under no pressure to sell. It just wasn't an optimum situation for getting a house way below market value.