Sent in an offer to Bank of america, 2nd offer, placed in equator. Negiotator, countered the offer at 120k, higher than any of the resales in the neighborhood. Buyer is putting 20% down, and offered over the sales price. The buyer has elected to walk, property is not going to sell for 120k, maybe the negiotator needs to submiton her own behalf.
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Did you provide your comps to show this? Did the buyer have an appraisal completed to establish their offer price? If the buyer is putting 20% down, and will pay over the asking price, why did they walk? One last question, what were the last 3 comparable sales in the neighborhood and how far off is $120,000?
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