There is a lot that went into our offer price. We took into account comparable home sales in the area, information the seller disclosed to us, what work we need and/or want to put into the home and if we wanted the seller to pay closing costs.
We felt the asking price was a little high, even though the sellers just had the home appraised for that value. More important than the asking price is the price we feel comfortable paying for the home. We felt in order to - one day - get our money back based on the money we put into it, we couldn't come in at full asking price. We actually also wrote a letter to the sellers explaining why we offered what we did. I have a million thoughts running through my head about how they'll react to our offer. They have until Tuesday at 5pm to respond so if I can make it through one night of terrible anxiety, we should have an answer.
Lucas and I are willing to negotiate with them, but we are also fully prepared to walk away at a certain price point. It's all scary and exciting at the same time. I'm the furthest thing from an impulse buyer and sometimes parting with $100 is hard for me. We have thought long and hard about this, but it's still obviously one of the biggest buying decisions we'll ever make. Like I said before: I'm freaking out. Ahhhhhh!