So I made an offer at the asking price on this house, but the seller wants me to take over their solar loan, which is a huge amount. I offered the listing price but asked them to pay off the loan instead. They countered by saying they’d cover a third of it. Since there are no other offers yet, when should I counter their counter? Should I bump my offer by a few thousand or just stick to my original offer?
You can negotiate as long as you want if you’re serious about buying the house.
Counter when you feel ready, but be cool with the idea that they might just walk away.
That loan might be why they’re selling. Just offer what you think the house is worth. You shouldn’t pay for their loan. Make sure it’s settled at closing.
Freddie said:
That loan might be why they’re selling. Just offer what you think the house is worth. You shouldn’t pay for their loan. Make sure it’s settled at closing.
Totally agree! It’s not your responsibility to cover their debt.
I think it’s a bit shady too. Why not just add it to the house price? Seems sneaky to hide it in the realtor notes.
Leander said:
I think it’s a bit shady too. Why not just add it to the house price? Seems sneaky to hide it in the realtor notes.
Right? Like, if they really want to sell, why not be upfront about it?
Even if you agree to take over the loan, your lender might say no. Just keep that in mind and don’t hesitate to walk away.