Counter-Offer.

The sellers counter-offer for $5000 more than we offered, still $10,000 less than the listed price, which we considered a deal, or at least fair market value to begin with. If we accept they are bound to sell it to us if we can come through with the financing. We, on the other hand have two weeks to perform a 'feasibility study" and therefore back out for any reason at that time. We will continue to check-out existing homes and other lots during that time period as well as find out if our contracted lot is buildable and if we can afford it.

Offer.

We have been sussing out the the situation on the lot we love (Nyanza), all the while looking at other parcels of land as well as existing houses for 9 days now. There is considerable pressure from the selling party for us to get an offer in, as well as competition from supposed interested parties - although it is usually the rule that even if a house has sat on the market for some time, once you want to buy it someone else will too - you can't always trust that your realtor is being honest about said interest.

Despite our doubts that we are about to lose the lot to someone else, we are sufficiently encouraged to put in an offer - for $15,000 less than asking price.