Evaluate my real estate negotiation in real time!

[SomethingClever]

So we got an offer on our house today. We're asking $349,000, the offer came in at $333,500, BUT they need us to pay $8,500 in closing costs, which effectively makes the offer $325,000.

I would like to get at least $335,000 net, which means countering with at least $343,000.

Other considerations:

- They are asking for our stove, fridge, washer and dryer, and expressed an interest in our patio furniture.

- Our porch needs between $1,000 and $2,000 in repairs.

I decided to counter with $345,000 + closing costs of $8500 + all the appliances they're asking for and the patio furniture. An effective offer of $336,500.

Seem like a reasonable counter?

[Fishhead24]

Where do you live?

Chances are your home is going down in value on a daily basis and time is money..........don't play games over a few dollars.

[SomethingClever]

[ QUOTE ]
Where do you live?

Chances are your home is going down in value on a daily basis and time is money..........don't play games over a few dollars.

[/ QUOTE ]

Our home is not going down in value on a daily basis. If we can't get the price we want, we will probably end up renting it out for the year while we're gone instead of selling.

[SomethingClever]

Update: They countered with $340,000 and our realtor agreed to kick back $1,000 of the commission. So, $332,500 net.

We accepted.

Ship it holla

[Fishhead24]

Where is your house located that it is not going down in value?

[Chrisman886]

[ QUOTE ]
Where is your house located that it is not going down in value?

[/ QUOTE ]
Are you suggesting right now that every home in every location is decreasing in value every moment?

[Thremp]

[ QUOTE ]
our realtor agreed to kick back $1,000 of the commission.

[/ QUOTE ]

This could be illegal. I'm not entirely certain off the top of my head. But pretty sure.

[SteveOMS]

Kickback of a real estate brokers commission to the selling party is NOT illegal at all. Many companies advertise that in fact even as an incentive. Its just him giving you a discount on his fee. Only thing that would be illegal is if you didn't claim it on your taxes. It would be illegal if the broker took/gave kickbacks on items like title insurance and the like.

SteveOMS

[black_russian]

Its most likely is not a kickback, just a reduction in the commission. Nothing close to illegal about that.