<prompt> Human: Short story. My dad left me his home 1600 miles away from where I live. The home was in very bad shape and in its original condition I might have gotten 140,000 for it. I put 20,000 into renovating the home. There is no money owed on this home. I listed with an agent and their initial asking price for the home based on comps was 275,000. Since then we have dropped to 259,900. I just received notice that I have a serious offer 240,000. After all fees and commissions Id net 222,000. My question. Do I accept this offer? Before my dad passed he said the home would maybe be worth 140k. This is a blessing and I look at it as nothing more nothing less than that. I do not currently own a home. Where I live 140-180k will buy me a VERY nice home.. Paid for in cash. Im really struggling on what to do.. I can take the 222net buy a home with it and have a nice cushion in my savings. Or do I hold out for someone to potentially offer me 10k more? Emotionally I feel like Im being greedy. Financially Im telling myself to hold out. This home weighs deeply on my mind every day I own it. Its a constant reminder of my dad and a very dark time in my life.. Him passing away. AHHH reddit please shoot me some advice. I greatly appreciate it. EDIT 1: The home has been on the market since October. EDIT 2: Comps based on dollarsqft indicate this home is worth 270ish. HOWEVER.. The home is badly outdated. Kitchen cabinets, tile work, bathrooms and such. Real life.. The home isnt worth more than 250 from what I can tell appearance wise to other homes. EDIT 3: Thanks to all your advice I countered 245, a case of miller lite cans not bottles, and the home being sold as is and offered to pay 500 for a home warranty for the buyer. They accepted the offer and were tentatively going to close late January. THANK YOU ALL FOR YOUR ADVICE! Assistant: Sell it and be done with it. Youre making a nice profit on it. Not worth the hassle of keeping it on the market as the longer it is on the market, the more youll continue to drop price. Human: Yeah, this is definitely what Im leaning towards. I dont want to look like a fool selling so far under asking. My agent is against me doing this but I wonder how much of this is her attempting to net herself a higher commission dollar.  <response>: I dont want to look like a fool selling so far under askingRemember that almost everyone sells under asking exception: hyperactive markets like San Francisco or Boston. You also said you feel the home isnt worth more than 250k, and you listed for 275k, which was probably high to begin with.There is no harm in countering to 250k, or requiring buyer to pay closing, or some other counteroffer. But its also okay to just take the 240k and move on.You may owe capital gains tax on a portion of the sale price, if it was truly worth 140k when you inherited it, and youve put in 20k in improvements, the adjusted basis is just 160k. Youd owe capital gains tax on the difference between sale and adjusted basis. An appraisal or tax assessment can be used to establish fair market value at the time of inheritance. 