Well, we have been negotiating back and forth for the past 2 weeks. We made an offer of 139K + $3000 of our closing cost + we asked them to put in an AC unit. They
originally indicated verbally that they would take 139K and cover our closing cost up to $3000. We probably shouldn't have asked for AC, but we thought what do we have to lose? They are now trying to raise the price of the house to compensate for any thing over $1000. For example their first counter offer was 144,900 + they would cover $3000 of the Closing Cost + they would give us a $4000 credit for AC. So they would give us $1100 and let us finance the rest via the higher price of the house. And that is basically where we are today. We have abandoned the idea of the AC unit, we don't want to finance it for the next 15 years. So what that really means is that we are with in $2000 of the deal.
So why haven't we just
conceded the 2K? Well, we are conflicted because we felt like they should be more flexible in coming down in price. The original price when we started looking at the house was $139,900. They had, however
dropped the price from $159900 about a month before we started looking at it. While this may be an awesome deal right now. The market always slows
during the winter months up here. And the biggest employer in Taylor has
announced that they are laying off 100 employees next month. A fact that should increase the number of homes on the market this winter given that there are very few jobs in Taylor to begin with.
In addition to that something has happened to our excitement during the negotiation
process. Some of our
hesitation is based on the distance from Show Low and
Pinetop, and St Johns. The things we love to do are spend time with Family, Snow Ski, and go to the movies. We would be about 20 minutes
further away from
Flynt and Amber. When Marisa's Parents come to visit, they stay at their time share in
Pinetop, approx. 50 minutes away. We would be an extra 45 minutes away from the slopes, and 35 minutes away from the closest movie theater.
I think, in the back of our minds we want the seller to pay for all these hesitations,
something they obviously are not willing to do.
One of the reasons they are so stuck on this price is that the home is owned by 3
individuals, most
likely an investment property. Split the profits 3 ways and it makes it tough to keep everyone happy.
Are we just being dumb? or what? We would love to hear what you think.