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Buying & Selling Real Estate

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Abraham Anderson
  • Investor
  • Sevierville, TN
675
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121
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Offer denied, now what?

Abraham Anderson
  • Investor
  • Sevierville, TN
Posted Nov 3 2016, 12:20

I made an offer on a multi family property; the asking price was $795K, however the tax appraisal is only about $480K. so I put in a offer at $550K. The property has been listed for almost 2 years

I don't have a RE agent, I went directly to the selling agent and made the offer. She came back today saying "the purchase price needs to be much closer to the asking price". No counter-offer was submitted.

I thought about waiting a couple days to reply (so as not to seem eager), I'm a little annoyed they didn't even counter. Now what?

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