How close on purchase price til you walk away?
Well, we made an offer on the house in a better neighborhood, without views. We offered 20% below list,and have closed the gap with counter offers to 6% apart. (the amount the sellers have come down and we have gone up, so we are getting closer to eachother) Sorry if I am explaining funny. Our last offer was 85% of list price, and their counter was 91% of list price. And it is our turn to counter.
But, my husband is getting stuck on "I don't want to pay more then x for that house."
The house has been for sale almost 2 years and they have had a number of price drops, but not enough to sell it yet. It has some unusual features that I believe turns most buyers away. In particular a room that was a previous indoor pool that has been cheaply covered over with what looks like painted plywood. We don't know what to do with that room. But really love the rest of the house, lot, location and will deal with that room at some point. ?rebuild pool or fill in and convert to a garage.
Would you pick a maximum price and stick with it? Or......?
And of course, meeting the price for appraisal matters too. But we will deal with that at appraisal.
It seems silly to not be able to make an agreement when we are so close. But, I am aware I am attached to the house and may be irrational.