FSBO help for the buyer
We are in a sticky situation and need your advice. We have found a wonderful house and would like to buy it. The owners are selling it on their own and we know them personally. After finding comps in the same price range and location, after having a bank appraisal, and having our insurance agent price the replacement cost, we feel we can now make an informed offer. The big problem for us is that our offer is 75,000 different from their asking price of 450,000. We are not trying to low ball them but we have the hard numbers on our side.
So without trying to offend them we offered 375,000 which is the amount a bank would lend us and they came back with a 425,000 counter. The house is still over priced. Besides walking away do you have any other strategies that we could use to get the price down.