Originally Posted by insane24
Got an offer 20k less than asking. Counter offered and met them halfway. They are pretty serious so we went with about the least we would take. Only been on the market a week so it's worth a shot. Will know tonight if
They accept decline or counter offer
Ever read freakonomics?
Gave me an interesting perspective on realtors and selling homes.
A realtor on average will leave their own house on the market for a week/month (one of those) longer than they will a clients house.
They might tell you $10,000 below asking is a good deal and might be hard to get an offer like that again, but if you also think of it as if you get $10,000 more, the realtors gets 6% ($600), then that is split between buying and selling agents ($300), then if the agent works for a firm (Caldwell Banker, Ebby Halliday, etc...) they might only get half ($150) of that with the other half going to their firm.
So basically its worth it for them to get you to sell the house sooner and they move onto the next one rather than spend another week on the deal if they might only get $150 more personally.
Not to advise you or anything as it's not my field, but just food for thought, it was interesting to me.