patrick.net

The same offer you made previously may look more attractive now. If it is not accepted just make the same offer next year as it probably won't sell at its current price.

Best to keep emotion out of it. Offer what you think its worth and forget about proving a point one way or the other. The sellers life means nothing to you and as soon as the sale is done you'll never have anything to do with each other, so whats the point?

ask them to write you a LOVE letter :-)

I can just imagine! "I love your money very very much. I think about all the time, and wish you would take this crappy wooden box and give me your lovely money instead..."

If I were you, I would offer another 50K less than the asking price, just to stick it to the seller. If you still get it, you wanted it anyway..

" but I really want to stick it to the seller."
Next to sex, revenge is the next best sweetest thing.
If someone done you wrong, and you want to get back
do it good, do it hard, but just do it.

I'd definitely not waste my time with such a seller. What part of "greed" do you not understand?

Offer what make sense to you with the knowledge that you have. It's all business, check your emotion out the door when it comes to THE biggest purchase of your life.

Do your homework, offer what you believe is fair (or what you believe is fair to you, anyway). If this is the place you want, buy it. If it isn't, don't. But this shouldn't be about "sticking it to the seller." They are just doing what they believe is best for them.

Living well is the best revenge, anyway.

Great comments one and all and I appreciate the input. I am happy at the prospect that I get another shot at this one, but I went through the disappointment two years ago - now I'm inured to it.

I don't want to stick it the seller... much. In a way they did me a great favor since I didn't overreach back then and summarily watch my equity dissappear. I do want to make clear that I do my homework and I am not going to lose so they can perceive a gain.

When I was selling my house, I got a ridiculous low-ball offer, with a contingency that their house needs to sell... and their house had already been on the market six months and was horribly overpriced. It was about as crappy of an offer as you could get.

So I countered right back at full-asking price with no contingency, and got the intended effect of never hearing from them again. :)

And their house, even after going through several subsequent price reductions, was taken off the market six months later.

dont_getit says

If I were you, I would offer another 50K less than the asking price, just to stick it to the seller. If you still get it, you wanted it anyway..

Yeah. Offer a reasonable amount that you think it is worth, BELOW their CURRENT asking price. They can face reality or pull it off the market again. On the other hand, depending on where this is, I think it's going down more. Shadow foreclosure news all over Patrick's front page today. I still pay 1/2 the cost of owning the place I rent at 'current market'. This ain't over and the bubble wishers will find reality either now or later, as a big wet sloppy kiss from a stinky rotting fish.

Occasionally I try the "get what you can" mentality, or the (go as low as you can) trick. I always regret it. Its worth to you what its worth, and you've already proven yourself right on the price. No need to stick it to him/her.

When I sold my last house (not mine, my wife's grandma) it was 2007. We had tons of goofballs (no offense) walk through and offer 30%-40% less than asking, all the time talking about what a horrible house this was and what a burden selling a property must be and how they might be interested but the price is totally out of line and HOW THE WORLD WILL SOOON BEEEE MINE!!!!!!!! It was fun to watch the show, but the house was paid for, and overhead on the property was about 6k a year, so why not let it sit for 5 years instead of taking less money? Boy did that piss them off.

We've been in that situation a few times. I'd have to ask if you think the old price still looks like a deal? Perhaps after a bit of market adjustment during the last year it may now look too high. I wouldn't jump on anything untill updating all my research. Also, if you can pick up a place like this anywhere, anytime, go ahead stick it to them and wait for the next probably lower priced model to appear. If it's a more destinctive property and it's a price that you believe you'll be happy with even with some more price adjustments downward, perhaps you'd do best to focus on your end goals instead of an emotion that might boil down to cutting off your nose to spite your face. Good luck.

No contingencies on their part! When I was selling, I accepted an offer. Right before closing they notifed me that the sale of their home had fallen through - and I pointed out that there was no contingency on our sale. They actually tried to get me to sign an amended contract, adding the contingency of their home selling and realtor's fees for a realtor I'd never met or spoken to.

They got the house - and when they sold a few years later, during the boom, they still lost a shitload of money due to their complete lack of brain cells (and a couple of unexpected events).

I know it's mean, but I still laugh my ass off at them.

"stickin it" reads mean/stupid/ suggests lack of purpose and cool. Why over-personalize? I also dislike mushy buyer letters about the baby. Blech or ego can get in the way of mutual benefit.

elliemae says

No contingencies on their part! When I was selling, I accepted an offer. Right before closing they notifed me that the sale of their home had fallen through - and I pointed out that there was no contingency on our sale. They actually tried to get me to sign an amended contract, adding the contingency of their home selling and realtor’s fees for a realtor I’d never met or spoken to.

I presume they did not use a realtor for the original contract, but only after seeing their goof went out an got realtor involved for the amended contract attempt?