Real Estate Forums

RealMax

Hi all - new here, new to the profession (only done one other deal).

I have a listing that I'm working now. It's been on the market about 5 weeks with plenty of showings and lots of interest. I'm expecting two offers on the home today and plan to present them to the sellers tonight.

Offer A is pretty bad and will probably be rejected out of hand (30K under list); the other is 5K over list but they want the sellers to cover all closing costs and prepaids (estimated to be $7k) and my sellers are dead set on getting X for their property.

So, should I ask the agent to bring her client's offer up by $2K, seek a cap on the closing costs sellers will pay, or try to get my sellers to let go of their arbitrary sales price? Here in the Northwest, it's a sellers market so I'm sure there'd be other offers...what to do? Is it even worth it to haggle over a grand or two?

Las Vegas Homes

First off, welcome to the forum! I think that it depends on your seller's motivation. If they want/ need to sell their home quickly, a few grand is nothing to sqabble over! On the other hand, if i is a seller's market and your sellers are in no rush, why make them compromise if you expect other offers?

__________________
Here to assist with all your needs when buying or selling Las Vegas Real Estate, Las Vegas Homes and Las Vegas Condos!

Las Vegas Real Estate

Well put Las Vegas Homes, I mean if they are in no rush, wait for what they want. If they need to sell, then what is $5,000?

__________________
Your source for Las Vegas Real Estate, Las Vegas Homes, a leader in Las Vegas real estate and your Las Vegas Condos specialists .

RealMax

Well, when I calmly and patiently explained that a bird in the hand meant that they could leave the state with a handsome check...that $2K looked a lot less important. They agreed to the sale provided their counteroffer of a max $7000 in closing costs was accepted. It was! WOO HOO! One step closer to my next paycheck!

REMAX LV

Good for you RealMax, congrats on your seconf real estate deal thus far! Thanks you guys for your input, I think that you really helped out our new agent!

__________________
Search for Las Vegas homes or Las Vegas condos and for all of your Las Vegas real estate needs.

San Jose Real Estate Marketman

Take your low one and use it to help the higher one. Counter bothe back at the same time. we have counter forms that alows the seller to have the last say if they both come back. Or you can create your own by say primay offer and secodary offer. and give the primary to respond in a time frame. And if not the secondary offer will fall in. Agian use one aginest the other. talk to the agents and get a feel for therei buyer. don't give them to much imfo to cut off your nose. on your face