Well, negotiations are dragging on in this home deal. The seller countered our offer (which we were under the impression was not a counter so much as accepting *their* counter, so it's like they're countering their own counter!). They asked for more money and a few other conditions.
I was inclined to just say "no," flat out, since they've now reneged on the asking price they said they'd consider. But my realtor convinced me to look at it, and wait to talk to the broker about what the new terms would mean to our monthly payment.
Depending on what he says, there's a chance we will make another counter. More money would be absolutely off the table for me at this point, but we might consider a few of the other conditions, though not all of them. So I'm not even sure if it's worth countering, but if it looks like we can counter with an offer that would not add much to our already-stretched-thin monthly budget, I guess we'll try.
In a way, just saying "no" would have been a relief because the uncertainty is getting to us all, and this is just dragging that out further. But we've gone this far, so we might as well go a little bit more.
On the good side, we have decided to really cut our condo renovations down to a few essentials and see if it will sell with just those improvements. So that could potentially save thousands of dollars we were planning to spend.
The waiting game
June 5th, 2014 at 04:28 pm
June 5th, 2014 at 04:35 pm 1401982527
June 5th, 2014 at 04:35 pm 1401982553
June 5th, 2014 at 04:40 pm 1401982811
June 5th, 2014 at 06:31 pm 1401989515
June 5th, 2014 at 07:03 pm 1401991400
I would do what was necessary to get the condo sold quickly at an acceptable price if this deal goes through. Otherwise, I would pick and choose the upgrades and do them as you wait for the land deal and for your savings to grow.
June 5th, 2014 at 08:41 pm 1401997305
June 5th, 2014 at 11:46 pm 1402008380
June 6th, 2014 at 06:28 am 1402032537
At the same time you have to ask yourself if you want to lose the place over $1k or $2k?
Only you know for sure - Listen to your GUT feelings on this.