I never got to market. The buyer has been our neighbor since we bought it in 21 and has always hated us. We felt like she wanted to buy it from the previous owners, whom we befriended, and has been very rude the entire time. That all changed when we asked if they were interested in purchasing it. Her property is landlocked with a right of way that I don't own, but I do share the same driveway. My property is not landlocked, and I have a second driveway to the main road. Owning my property would mean she is no longer landlocked and no longer has to share a driveway.
I was renovating the home, and intended to list at 500 when complete. She balked at that price and walked away, but her realtor contacted me two days later. Her realtor offered made an as is offer at 435k, showing me some really bad comps to support that assessment (some of which were used in the original appraisal, almost a year old, not accounting for outbuildings, etc.). After negotiation, we landed at 450k as is, i walk away and her contractors finish it the way she wants. They added a contingency for every inspection under the sun, to which we informed them that they were free to do their due diligence, but that at this price, we weren't going to be doing any requested repairs beyond the 1 percent cap for lender requests.
20 days go by, and they ask for an extension for inspections because they haven't been able to get all inspectors out yet. another 10 days goes by, and we finally get a picra asking for 40k in repairs. We mostly said no but agreed to fix a couple of things that were going to be lender requested. Appraiser finally comes out, and the buyer's realtor is adamant that I don't need to be there. I was there anyways, doing some cleaning, and observed the buyer's agent walking around with the appraiser. Appraiser spoke to me during his walkthrough, and in person said that they were impressed with the horse barn, and that it must have been a huge purchase point.
This is why it caught me off guard when I read in his report that not much value was given to the outbuildings due to poor condition. I also found it strange that when I saw that he used the same comps as she had shown me when offering 435. Sure, this could be evidence that she was also good at finding comps and that I was not experienced enough to know what my home was actually worth, but again, there was no value given to the outbuildings, and when I spoke to another appraiser for help with the ROV, it didn't take him but 5 minutes to find better and newer comps to support the contract price.
TLDR; I agree with your assessment that the buyer really wants the property, but I feel they have been playing games in an effort to get it as cheap as possible. If they aren't willing to come out of pocket, I'm going to parcel the property and put 3 new homes on her driveway regardless of whether its profitable to me or not.
