Selling too low?
Long story short, house is probably going to appraise for 847k. We are accepting an 820k offer with no commission, as-is (an agent is buying and repping themselves). Another potential buyer would probably get us to pay 2% fees on their end anyway, so in my mind it’s more like an 836k offer. Theres nothing wrong with our house, a few things could use updating but nothing major anyway, so concessions for another buyer would be at most annoying and nickle-diming but minimal. It also costs me 2k a month to hang onto this house because we already moved.
My agent did not like this buyer because their initial offer was pretty insulting (805k, 3% commission, 60 day close, 25 day inspection period, 45 mortgage) but we offered our terms 825k 0%, as is, 30 day close, 10 day inspection, 30 mortgage. They accepted everything but countered 820k. I’m thinking we didn’t do too bad, let’s wash our hands of it but my agent thinks we could do better. This is our first and only offer, btw. We’ve been listed for 60 days and welcomed all offers.
Let’s be clear tho, I pay 2k a month to hang onto it, potentially have my time wasted, argue about concessions, pay buyers agent fees, etc. to MAYBE get a better offer or I can let it go for close to the same? FWIW, we are losing money on the house (around 40-50k). Bought 3.5 years ago, our needs have changed completely, had to move, and we put a decent amount of work into it thinking it would be our forever home so I know my agent is also keeping that in mind.
Idk tell me if I’m being foolish?