Me personally, I'm not letting them walk away over $2,500. You'll lose a quarter of that in interest on another month of mortgage payment.

Tax appraisal isn't the end all be all for value. What do current comps say the value is?

At $2,500 though, I'm likely going to take it, especially if you're in an area where the market is softening. That's close enough they'll beat you up on inspection to get closer to the price they wanted.

take and close it up. you are motivated. they seem motivated. secure and move on.

Tax appraisal means literally nothing.

Always try to leave some room for the screwing you'll be expected to take after inspections.

SteveBott said:

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So some think it's OK for a motivated seller who has deadlines for moving should be a dick? Really?

How do you know the buyer does not have a back up house? Do you know if the buyer could get a bad feeling or taste on this deal? Will the buyer be more aggressive in whatever negotiation occurs after inspection? Maybe the counter after inspection is to just walk away? Then what?

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Hot take that asking for what you want is being a dick.

On your questions, most people aren't walking over a 0.5% difference on price and how do you know that's not the counter after inspection anyway.

Sorry… just don't think it is bad faith or rude to ask what you want as you've inferred here.

SteveBott said:

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So some think it's OK for a motivated seller who has deadlines for moving should be a dick? Really?

How do you know the buyer does not have a back up house? Do you know if the buyer could get a bad feeling or taste on this deal? Will the buyer be more aggressive in whatever negotiation occurs after inspection? Maybe the counter after inspection is to just walk away? Then what?

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Literally every poster here has made assumptions. Hard to say anyone is being a dick based on the information given.

Where is the op located? What's the market? How long has the house been on the market?

If the house has been on the market less than a week, definitely not a dick move to counter back. Really, it never is.

People love to break it down as only x% of the sales price, $y a month, etc. But the fact is it's $2500. Probably the easiest negotiation you'll ever have to make/save $2500 if the other party is looking at it that way.

agwalk75 said:

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What about RE agent fee? Does just everyone automatically agree to the 6%, or do you ask they take, say, 4-5%?

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You can ask for 5% and some will balk but most might do it if you're using them to buy and they can make it up with 3% on the other side. You also have to be mindful that they moght to take the 5% and split it down the middle offering 2.5% commission to buyers agent.

I have a house under contract right with a couple first time home buying and the sellers agent is only offering a 2.5% commission. The house sat on the market (adequately priced) for almost 60 days before we came along and offered - I wonder why?

In my situation above, I told the sellers agent that my clients were expecting to get a 1.5% rebate either through commission or a purchase price reduction. In the end, they got a great home 3.2% below asking in ADDITION to a 1.25% rebate at closing that we are splitting. And the seller probably still doesn't realize how much money that agent cost him.

I still firmly believe it should not cost 6% to sell a home, (at $445K thats $26.7K!) but this is the system we are in. So you as a seller have got to realize how these agents will play and either choose to pay the 6%, go with the 5% agent and make sure they offer 3% to the buyers agent, OR use someone like Red Pear who uses the system against itself for the benefit of its clients.