Just as the title says, seeking advice negotiating the price on a potential investment unit (which we would rent to family).
We submitted an offer ell below listed price. Agent came back with a price that is $8,000 above our maximum budget. So it's within range now, but still so far away. We cannot stretch any further, possibly another $1000 but we need every cent for stamp duty, legals etc. it's not a massive amount, but repayments even on a $230,000 investment loan are still big so we need to stick to budget.
Anyway - what do we do now? This unit would be perfect and love to secure it but not sure what move to make now we have come to a stand still. Hubby says to be patient and wait. But I'm worried they will get a higher offer in the meantime.
Not experienced in this whole business!