WantToSell I am puzzled. If you have received 7 offers in a very poor market like this and those offers from a percentage standpoint are only about 11% below your asking price and you have been unable to work out a deal then your philosophy needs to be examined, not the buyers. The fact is that you should be quite happy you have received all this traffic and all these offers.
Your choices are simple. Buckle down and hope that you will get an offer that is higher and closer to your range. Or rethink your strategy and think about whether it is worth selling the home for less now.
Measure the time value of money for your situation. Include the cost of waiting which will be all your recurring costs, mtg, prop taxes, HOA, insurance, etc, verses getting those last few dollars.
Quite honestly the market will bear whatever it will bear for your home. If you look for logic behind it, (and I KNOW sellers logic) which includes, well this home down the street sold for this much so mine should sell for that much, then you are the one who needs to think about your strategy, not the buyers strategy.
Why in the world would you think otherwise in a down market? I don’t mean to be harsh but it is peculiar that in a bear market that we are in, you are confused as to why you are getting lowball offers.
