Posted by Tom on August 19, 2005 at 12:49:35:
Thank you for you input. I suppose they can do what they want, but We have a firm price range that we will not exceed as the property is for our retirement not and investment. Again thank you.
Contract/Purchase Offer - Posted by Tom Gari
Posted by Tom Gari on August 17, 2005 at 16:54:10:
We have made and offer to purchase a 1.28-acre lot in Breckenridge Colorado through our buy agent (in contract). The owners after countering our first offer raised the rate over the initial selling price of $199,000 to $220,000. Do I have any recourse to purchase the property at our last offer of $195,000 or their initial asking price? Does this happen often? Your answers will be greatly appreciated.
Regards,
Tom & Judy Gari
Re: Contract/Purchase Offer - Posted by Natalie-VA
Posted by Natalie-VA on August 18, 2005 at 21:22:27:
Tom,
I’m not an attorney. If you are in a seller’s market, it’s quite common to see sales prices well over asking prices.
The seller does not have to sell at their asking price; it’s simply an offer or advertisement to buyers.
–Natalie
Re: Contract/Purchase Offer - Posted by Tom-FL
Posted by Tom-FL on August 17, 2005 at 19:54:36:
“Do I have any recourse to purchase the property at our last offer of $195,000 or their initial asking price?”
You could offer it. They don’t have to accept.