Well, my realtor called today, just laughing. She said "I have NEVER had this happen before."
I had made a lowball offer on a house last week of $50,000. It's a 4bdrm/2bath REO in one of our city's most desireable neighborhoods. The bank had started at $109,900 and had dropped to $77,500. After they counteroffered at $74,500, I told Gail to just let it go because we already have so much on our plate, it didn't really matter to me if we got it or not. AND I was feeling bad about my offer because I know how much this place is worth. Well, the bank called Gail (the listing agent)today and asked if she could contact the agent of the last party to offer (which was us) and ask what they're highest and best offer would be. I told her, "Tack on another $100, then. $50,100" We'll see what they say tomorrow, but it looks like we just got ourselves another house at half-price. The beauty of it is, we can rent it out for at least $850 a month.
Moral of the story: I don't think I'll do any lowballing on a homeowner, but, hey, I'll keep trying it on the REOs.
No more guilt here, I stand corrected.
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249