Danger of Passing on an Offer
True Story.....
Home priced at $385,000 ....After 45 days offer comes in at $365,000....Seller really wanted $375,000 and counters at $370,000
Buyer stalls...keeps looking and finds another house....Seller refuses to spend any $$ on house to improve badly outdated tile
Other buyers come by...but just do not like tile and do not want to deal with an allowance....same floor plan sells in neighborhood (lesser location)
House sits on market for 2 years
Seller finally sells for $342,000
Cost of passing on 1st offer? $ 47,500 Do NOT let this happen to you!
Reduction in price $ 23,000
2 years of Taxes $ 18,000
2 years of Insurance $ 1,800
Utilities $ 3,000
Lawn care & Maintenance $ 1,700
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