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.
So Long (for Now!) and Thank You.
2 years ago
have you been looking in show low? Is there anything available there? If it doesn't feel right, don't do it but don't regret not doing it either. If it's the right one and you feel like the investment potential is there and it's the right place for your kids then give in for 2K:) But, what do I know? I'm sure you'll make the right decision!
ReplyDeleteWe are excited for you - that you're looking - and if the market there is like phoenix, it sure seems like a good time to buy.
I think you have thought this out very well from all angles. When I ask advice from My Dad or Your Mom, they always say, "What does the Lord say?" If you've "studied it out in your mind and made a prayerful choice" then go with what your feelings are. Do not second guess yourself. You will not be led astray. That is my 2 cents.
ReplyDeleteLocation, Location, Location... Live exactly where you want to be for your hobbies, proximity to family, job, schools for the kids. :) I'd give in for the 2K if it's the RIGHT place.
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