Late Tuesday morning, we received the counteroffer from the sellers. In out initial offer, we offered approximately $11,000 less than their listed price, plus we asked for them to pay for a lot of the costs associated with purchasing the house. Our thinking was that it would give us bargaining room.
In the counteroffer, they offered to sell at around $3,000 less than their listed price, which was about $9,000 more than our offered price. They did, however, agree to pay for everything else we asked for. The price they wanted was just slightly out of our comfort zone.
So, Tuesday night, we met with Joe again to make a counteroffer to their counteroffer. We agreed to keep everything the same as the previous offer, but we asked that the price be reduced an additional $2,000 below their counteroffer. We also included a statement that this was our highest and best offer; if they came back with an offer any higher, we would not be purchasing the house. We don't want to put ourselves in a situation where we are constantly struggling with our mortgage and bills, especially if I go back to school.
Our offer was valid until today (Thursday). So, today we either received a decline of our counteroffer, or we have reached mutual acceptance. Which one was it? I guess you'll have to wait for Part 6.......!
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