Women Get Wealthy

After 8 days on the MLS, 163 Poplar Street in under contract at $325,000.  We had two offers:

1. $325,000 with a $10,000 seller assist (which means we, as the seller, would be required to kick back $10,000 in closing fees to the buyer - net result = $315,000
2. $319,000, with the buyer putting $140,000 down payment.  No seller assist.

We countered both offers:

1. $335,000 with a seller assist of $10,000
2. $325,000, with 140,000 down payment and no seller assist

Both parties were interested in moving forward but we opted for offer #2.  In the current economy, we feel it is better to go with the candidate best positioned for bank financing.  $140,000 down should make any bank happy.