Seller countered offered with all contingencies in place

First-time home buyer here. Been lurking here for some time and now looking for some insight.

We are looking at a home that two of my real estate agents said the CMA indicates that it would appraise around 830K to 860K. We offered 930K with all contingencies in place, 10K above the current offers, and the sellers countered 934K.

If this does indeed appraise at around 850K, we have no intention of covering an 80K gap At most 40K is what we would cover. Why did the seller counter with an increase? Are they trying to increase the range to meet in the middle, knowing it will not appraise high?

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First-time home buyer here. Been lurking here for some time and now looking for some insight. We are looking at a home that two of my real estate agents said the CMA indicates that it would appraise around 830K to 860K. We offered 930K with all contingencies in place, 10K above the current offers, and the sellers countered 934K. If this does indeed appraise at around 850K, we have no intention of covering an 80K gap At most 40K is what we would cover. Why did the seller counter with an increase? Are they trying to increase the range to meet in the middle, knowing it will not appraise high? submitted by /u/FAFTW [link] [comments]

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