Our realtor called us with another offer for our house yesterday. We are listed at 149,900, the house was appraised at 140,000 we hope to get somewhere in the middle.
These people offered 107,000! I think they must be on drugs. They are a young couple who came to look at it about a month ago. They came with 3 car loads of people, we think both sets of parents at least, and stayed less than 10 minutes. They said they hated our kitchen b/c the rest of the house was done (new floors/baseboards/paint, new furnace installed Oct 06, 5 appliances new in 2003, newer vinyl windows and siding) and really nice they didn't think it was worth the asking price since they'd have to reno the kitchen.
We know the kitchen needs to be updated but we've only lived here four years and new kitchen cabintes and flooring just have not been in our budget. So to them I send a big fat "Whatever..." they need to be told that around 145,000 is what the house is worth without a kitchen reno and 143,000 is a very good counter from us but I doubt anyone will tell them that.
We know they looked at other places after ours. Then they came back here about 2 weeks ago for a second viewing since there isn't really much great out there in this small town. Yesterday they came in with this insane offer -ack! We countered 143,000, which is as low as we'll go...We find out what they had to say to that tonight but we are expecting it to end there...we really hope they just go the heck away - idots!
Now, I don't know if it's all they were approved for or if they are just A-holes. We live in a small town and people know we're being transfered for work and it's not a secret that we're excited to get back to Ontario. Our house has been on the market for nearly 6 months on we only had one other offer last week which came in too low as well. (they offered 130,000, we countered 143,000, they came up to 137,000 we felt it was still too low so we just ended the negotation there. It's a long story but we think they may re-offer soon).
We think these 107,000 people thought they could smell a deal. WRONG! We also think that from their complaining to their agent about the kitchen needing a reno that they are deducting the cost of a kitchen and bath reno from our asking price to get to the 107. DUH! Our realtor told us their realtor tried to explain that their offer was way out of the ballpark and tried to convince them to start higher but they are stubborn.
The only reason we countered at the lowest we'll take is b/c DH thinks if we decline or start to 'play' the negotating game they'll waste everyone's time with stupid ass offers. I wanted to refuse it flat out or counter 147,000 but I think Dh's strategy makes sense and will put an end to the dinking around quickly.
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