Would love your expert opinion on something...I had a couple come through one their own last night (no realtor) who used to live in my neighborhood. They bought a house a few towns over, 1.5 years ago and say they made a mistake..they bought a two story and want a ranch and miss my subdivision (it's pretty popular) They haven't listed their house yet, she was a realtor when they lived in NJ and thinks it would sell pretty fast. They would not make an offer contingent upon the sale of that house...she says they have approval from the bank to buy another while they own that one. They asked if I would consider renting from them for a few months to give them time to sell. I have no problem with this and we didn't talk about the amount I would pay. I told them we needed to come to a more firm agreement on the purchase price first.
It was a very casual conversation...she was doing most of the talking and said, "We really like your house and would be prepared to offer 275-280k. What are your thoughts on this? " I said, I really want to get closer to 290k." She said, "well think about it and call us".
My question for you is this: I bought 4 years ago for 310 and the house appraised at 320k. Is a 30k hit (if I sold at 280) reasonable? I live in New Albany, Ohio (columbus) 10% in 4 years? I am just so confused. I don't know what my next move should be because she was all laid back about it. Obviously, I would have an attorney review the offer and would make sure it said that it wasn't contingent on selling their house and get the "rent" in writing with a limit to how long I would rent from them But I just don't know what my next move should be to get them to go higher. If they submitted a written offer, I would probably counter at 293k and see what they did. But since it was an informal conversation, other than saying, "please submit a written offer", I don't know what to do. I have to assume if 275-280 is the first number they threw out there, that there is room to negotiate? right?
Thanks much for any advice or ideas. I am doing a flat fee MLS and have been on the market since March. Aprox 40 showings, this is my first "offer"
Erin
sylviatexas1
chicagoerinOriginal Author
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