Don’t insult me with your low ball offer!

It may not be as low as you thought considering the carrying costs until you receive another offer. Add together you mortgage + taxes + insurance + utilities + association dues + household reserves and divide by 12. Ask your Realtor to provide the absorption rate for your neighborhood, then multiple that by your monthly carrying cost.  If your monthly bills are $7500 and the absorption rate is 4 months, it could cost $30,000 to wait for the next offer. If that’s case, remove the emotion and negotiate every offer you get. In the end, it’s not the first number that counts but the final number that counts.