How much info do we share?
We've been on the market since May 2010. Missed last spring's busy season. We've had 5 showings. We're priced in the upper 6 figures. We want to build a home better suited to our current lifestyle, but we don't HAVE to sell. Our listing expires next month and we are not renewing.
We had an offer at Christmas 25% below our asking price. We declined the offer. The same buyers looked at the home last week and are ready to make another offer. Our agent has asked what is the absolute lowest we will take for our house because the buyers don't want to waste time. They have not made a written offer this time. We don't really have a lowest price we will take and feel it's kind of strange that she would ask that. Actually the house is pretty much listed at the lowest price we would consider taking, isn't that the point? I emailed her yesterday and told her that we would not do that and they need to make a formal offer. The realtor emailed back today and asked how much me have invested in the home. I have not responded.
Is this normal?
We are the lowest priced of only two homes on the market in our 5 year old neighborhood. The last few homes to sell have been short sales and foreclosures, so they sold lower than we are asking. I realize in the current market that we have to make some concessions in order to sell, but we aren't going to "give" our house away.