Camp property found, now updates.

   / Camp property found, now updates. #421  
We got the word this morning that the other folks who seen the property had no interest.
That's good. You don't have any competition. So maybe let them know your original offer stands, and meanwhile you are continuing your search. If they come back and say yes, or counter with something that is agreeable, you can resubmit a formal offer.
 
   / Camp property found, now updates. #422  
We got the word this morning that the other folks who seen the property had no interest.
We got the word this morning that the other folks who seen the property had no interest.
I'd sit tight. So far they've got indications they're still too high. If they don't get more interest in the next couple of weeks, they may come back to you.
 
   / Camp property found, now updates. #424  
I'd have your realtor tell their realtor that you have been actively looking at other properties, but that he might be able talk you into making another bid. That way you don't seem too eager.
 
   / Camp property found, now updates.
  • Thread Starter
#425  
I'd have your realtor tell their realtor that you have been actively looking at other properties, but that he might be able talk you into making another bid. That way you don't seem too eager.
He already has.
 
   / Camp property found, now updates. #426  
He already has.
You mentioned earlier that you are 50k apart. What percentage is that of the total asking price? Is it 10%? 20%? If I'm being too nosey, just don't answer.
 
   / Camp property found, now updates. #427  
In my experience the seller makes a counter offer to your first offer. It appears that didn’t happen?
 
   / Camp property found, now updates.
  • Thread Starter
#428  
In my experience the seller makes a counter offer to your first offer. It appears that didn’t happen?
Yes and no. We offer 200k just after they had dropped the price 25k to 250.
 
   / Camp property found, now updates. #429  
Yes and no. We offer 200k just after they had dropped the price 25k to 250.
And I think you said they countered with their new asking price of $250k? That's 25% more than you offered so not insignificant.
 
   / Camp property found, now updates. #430  
How much will the dam project cost? Have them escrow that cost to reimburse you for time and materials, then increase your offer by 1/4 - 1/2 that amount.
 

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