Hi everyone:
Our office is representing the buyer. Our original offer of $120,000.00 was at list price and accepted by the seller. Listing agent submitted the file and we waited. About 2 months later, Citi countered at $130,000.00. The buyer came up to $125,000.00.
Today, we received another counter from Citi now at $169,900. There is no way that values in that subdivision come anywhere close to this. Plus, this house needs work, has settlement and structural issues.
Are they for real? $49,900 over their original counter. I just don't understand this. I am determined to research Citi to see what their practices are, etc.
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