I recently viewed a home last week. Listed at 285k assessed at 240k. Seller was offering to pay all closing costs. 1200 sq ft, needed some minor work. I offered 230k. Within 5 mins listing agent informed me that the offer was “too low to counter”. Which I just found to be strange.
I just received a notification about the home going into foreclosure, I did some research and noticed the judgment on the house was for 183k. Going to auction on Jan 16. While I was viewing the home the owner said regardless of what happens they were moving out o Jan 15, due to school changes and that they had a new place already.
What would be the reasoning to not accept the offer?