Update-we got an offer a week ago for $160,000, with a $15,000 owner carry. Our agent recommended we respond with an equally outrageous counter offer, so we did ($250,000, the asking price, with a $25,000 carry). Of course that “buyer” walked. Yesterday another offer, $200,000 with a 30-day escrow, we pay some of the escrow costs normally paid by the buyer, clear pest sections 1 and 2, and 3 percent cash back at closing. We are countering with $215,000 and agreeing to all the terms the buyer requested (escrow costs, pest, cash back, etc). We know that when the home inspection is done that they will come back with some items so we want a little wiggle room for those things, which we will likely agree to cover (depending on the reasonableness). It seems weird that the buyer is asking for a 30-day escrow (usually that only benefits the seller)so I am hoping it is safe to assume his financing is lined up?? We will see what happens.
