My Dad's house went on the market in late June for a LOT more than we'd thought it could fetch. Last week, we received a low ball offer, $20k less than we were asking. We countered with just $5k less than we'd been asking and they accepted. Hah! If they'd just said, "How about splitting the difference," we'd have agreed, but they didn't. It just goes to show you. If you're a buyer, be persistent about getting the price to fall.
This buyer already has bank pre-approval for more than the sale price, so I think it will probably happen. But, never count your chickens before they're hatched. The sale isn't yet finalized and the buyer's home inspection may require us to shell out some bucks though I don't know on what. Except for the kitchen counters and drawers, everything I can think of has already been fixed and prettied up, and we had our own pest and wood rot inspection and followup (after replacing rotted wood) and it was clean. I'll let you guys know when/if it closes.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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