Several months ago I had an offer on a house in Westchester County. My buyer was preapproved and very qualfied, very qualified. We presented a low offer. The owner said that my buyer needed to come up on their offer before they would counter. The offer was just too low.
The house was asking $625,000 and the offer was $530,000. The offer was too low, too low to counter. So they didn't. Now, I know that my buyer wanted to negotiate. They wanted a response to their offer, they wanted to hear from the seller a response. There was no response. Only the offer was too low.
I said to the other agent, gee, doesn't the owner want to see where this buyer might go and then make a decision. No, the offer was too low.
The house just closed for $15,000 less than my buyer had been willing to pay and this seller will never know.
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