usctrojancpa
Well-known member
The 2 top counters came in very close to each other so the Seller has decided to counter them back again for their best and final.
New Listing - Northwood Villas Plan 1 Condo in Northwood (24 Magellan Aisle)
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
I'm a bit curious myself how the buyers will respond. The counters were so close the Seller didn't know who to pick (both came in over list price). The deadline for the response is Sunday at 5pm.
As a buyer, I would be pissed about this situation. A counter to a "best and final" offer? Oh man.. Guess it's good for the seller. Were the other aspects of the 2 buyers that close as well (ie. down payment %, income, contingency, etc?)
Both offers had financing with sizable downpayments and basically similar terms. That being said, this afternoon the seller has selected the buyer and we have opened escrow today.
Congrats. How much more movement was there with the counter? Do buyers usually do a few hundred or a few thousand in these situations?
Both buyers came up around 1% on their counters.
irvinebullhousing
Well-known member
Full of suspense.
usctrojancpa
Well-known member
Compressed-Village said:
I'm a bit curious myself how the buyers will respond. The counters were so close the Seller didn't know who to pick (both came in over list price). The deadline for the response is Sunday at 5pm.
woodburyowner
Well-known member
USCTrojanCPA said:
As a buyer, I would be pissed about this situation. A counter to a "best and final" offer? Oh man.. Guess it's good for the seller. Were the other aspects of the 2 buyers that close as well (ie. down payment %, income, contingency, etc?)
usctrojancpa
Well-known member
woodburyowner said:
Both offers had financing with sizable downpayments and basically similar terms. That being said, this afternoon the seller has selected the buyer and we have opened escrow today.
woodburyowner
Well-known member
USCTrojanCPA said:
Congrats. How much more movement was there with the counter? Do buyers usually do a few hundred or a few thousand in these situations?
usctrojancpa
Well-known member
woodburyowner said:
Both buyers came up around 1% on their counters.
usctrojancpa
Well-known member
Got word from escrow that the loan has funded and we are set to close/record today. The sales price will be $510,000.00. Congrats to both the buyer and seller.