Housing Market Slowdown

BillTex · 09-06-2025, 03:29 PM

Since this is a broad real estate thread, i will throw this out for comments. If not appropriate to the OP please let me know.

I’ll note that DW and I were both licensed real estate agents years back, so we know a little bit about real estate.

Friend of ours looking to relocate to northeast from Chicago. Has a “private showing” yesterday.
Customer offers $50k > listing. (You think she’d be dancing…)
Our friend’s agent suggests she counters by asking for $10k more!?

I say that is crazy! Take the offer and be happy. I think she risks losing the sale for a lousy $10k. She was already offered $50k over list.

I dont know the Chicago market, i dont know if there are any contingencies.

I think her agent is:
* trying to cover up a poor original listing price
* greedy

In any case, I have never heard of a seller counter offering an over list price offer by asking for more!?

What say you?

09-06-2025, 03:29 PM	#11
BillTex Senior Member Join Date: May 2024 Location: Freedom (state of mind) Posts: 194 Thanks: 35 Thanked 71 Times in 46 Posts	Since this is a broad real estate thread, i will throw this out for comments. If not appropriate to the OP please let me know. I’ll note that DW and I were both licensed real estate agents years back, so we know a little bit about real estate. Friend of ours looking to relocate to northeast from Chicago. Has a “private showing” yesterday. Customer offers $50k > listing. (You think she’d be dancing…) Our friend’s agent suggests she counters by asking for $10k more!? I say that is crazy! Take the offer and be happy. I think she risks losing the sale for a lousy $10k. She was already offered $50k over list. I dont know the Chicago market, i dont know if there are any contingencies. I think her agent is: * trying to cover up a poor original listing price * greedy In any case, I have never heard of a seller counter offering an over list price offer by asking for more!? What say you?