So, we are not going to be getting that house, but there is another in the same area with the same layout that does not have as many upgrades but still seems pretty nice that we are going to look at and most likely bid on. Its listed for sale at $4000 cheaper and they are Motivated!
So here is what happened with the house we bid on. We bid at what our agent says is a reasonable price expecting that they would counter, of course. We do not have a ton of bids out here, we were the only one on this one in 6 months of being on the market. Ok, so here is the numbers. It is listed at 193,900. We bid 185,000 with them covering closing costs we also went ahead and asked for the washer/dryer and fridge. We knew this was to be a starting bid not the final frontier. The dilemma comes in because this person either does not want to sell or has a loan higher than appraisal value. Also his mother is the listing agent.
The counter we received today was that we would have to raise the asking price to $194,900 if we wanted to include the $4000 in closing costs we were asking for and that they would not give us either the fridge or the washer/dryer. Soooo....that is a big fat NO! They have a problem because they are under contract to build a new home, but that one cannot be started until they sell this one - BUT if you all noticed they are NOT going to sell that house! It really wouldn't appraise at that high - so we are moving on because those people are stupid! Our agent has even said the seller's agent is crazy quite a few times.
So - we looked again on the MLS to find a newly listed one that is the same floor plan. I will now include the listing:
So not as many upgrades, but the price is lower so we can add a few things here or there to make it more what we want. The kitchen is still pretty nice just not the ideal like the other one. I pretty much would have hand picked that other kitchen by myself if I could have. Plus the backyard is bigger, and though it is not landscaped now, we can do whatever we want with it since its a giant blank canvas. We are starting to feel a little excited at this prospect, but we, at least I, am really sad about the other one. I just can't see giving in to crazy notions. Maybe, just maybe it would appraise at what they are asking, but I kinda doubt it, as does our agent. They just sold a bunch of brand new ones with quartz countertops and tiled flooring and upgraded lighting and the stainless steel appliances for $189,900 - so I just don't think they would appraise much higher than the new ones sold for.
So this new prospect should hopefully go well since these people are extremely motivated since they are moving out of the state. I will update as soon as I know! Thanks for all of the excitement!