Hi
placed an offer on a proprety $328,000 apparently there have been a couple of other offers which fell over due to finance, buyers gone cold.
Bank valuation has previously come in at $330K. I was advised last Saturday that the vendors had accepted my offer this was to be faxed to me on Saturday. I find out today that the vendors have counter offered at $339K which is $9000 above bank valuation, the vendors are aware that I know this. Vendors are apparently in real estate game.
The property is in growth area and is positive cashflow which makes it attractive, but I do not want to pay above bank val, 330K. Have gone back with this, but I think they will be trying for some where between
330K-339K.
What would u do? I think I have pretty much made up my mind to give it a miss if I dont get it for $330K
Cheers, MTR
placed an offer on a proprety $328,000 apparently there have been a couple of other offers which fell over due to finance, buyers gone cold.
Bank valuation has previously come in at $330K. I was advised last Saturday that the vendors had accepted my offer this was to be faxed to me on Saturday. I find out today that the vendors have counter offered at $339K which is $9000 above bank valuation, the vendors are aware that I know this. Vendors are apparently in real estate game.
The property is in growth area and is positive cashflow which makes it attractive, but I do not want to pay above bank val, 330K. Have gone back with this, but I think they will be trying for some where between
330K-339K.
What would u do? I think I have pretty much made up my mind to give it a miss if I dont get it for $330K
Cheers, MTR