After going back and forth for the past 6 days with an offer i finally told our buyer that it`s impossible to get the seller to budge from their asking price. The buyer is ready to move forward, the offer is strong, great terms, no contingencies and we can close in less than 30 days. Problem is the seller refuses to come off the asking price of $435,000.
The comps are running closer to $425,000, which is our offer. The sellers agent who`s been around for a long time and maybe just a bit too long feels that the seller is justified in their asking price and her feeling is that $435K is the only price the seller should receive.
In many cases i understand that an owner of a home can get too attached to a home, but in this case, the Realtor representing the seller has made little or no attempt to assist in closing this transaction. It`s not like she has 3-4 offers for this home. My associates feel that she`s looking to sell the listing herself, which is part of the issue. The buyers don`t want to comply with the sellers wishes of a long term closing date either, so it`s just as well. It`s hard to understand that in a buyers market, the seller hasn`t been advised properly. It`s a shame that another Realtor would make little or no attempt to want to close.