Quick recap... we found a house in Agua Dulce, they were asking $369,900. We offered them $355,000 and they accepted. We did all the inspections and everything went pretty good. We got the appraisal back yesterday and found out that the house appraised for $325,000, which is well below the price we purchased it for, $30,000 below.
So today our realtor called and said that the seller's realtor spoke with the sellers and they crushed some numbers and came back with $343,000. That is still $18,000 below appraisal but they did drop the asking price by $12,000. I was hoping they would at least have done half but $12,000 isn't bad and I didn't really want to haggle over $3000 so we accepted their new offer. So the house was $369,900 and we are purchasing it for $343,000. That's a savings of $26,900.
Now I just have to get through all this paperwork.
So today our realtor called and said that the seller's realtor spoke with the sellers and they crushed some numbers and came back with $343,000. That is still $18,000 below appraisal but they did drop the asking price by $12,000. I was hoping they would at least have done half but $12,000 isn't bad and I didn't really want to haggle over $3000 so we accepted their new offer. So the house was $369,900 and we are purchasing it for $343,000. That's a savings of $26,900.
Now I just have to get through all this paperwork.
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