Everyone loves a great deal.. who doesn't! However.... the chart above will show you how it almost never happens in real estate. This chart shows BURLINGTON, UNION, HEBRON, FLORENCE from home prices 150,000-200,000. the gold line shows what the house was on the market for & the blue line shows the sold price.
The number one thing that I try to inform my client of is offering a realistic amount. Sure every home is different but this isn't craigslist. Agents in 2014 list homes at prices that they should be listed for. Agents no longer take a listing that's going to sit for 2 years because the price is way too high (unless its in a hard to sell area or the potential sell price is high ).
How will you know what to offer? Your agent (who I hope is me) will pull up homes that have sold that are similar in the past 6 months and see if they are close in price. Some buyers will do their own search but please please know that those "so called real estate sites" have a ton of false information and are also missing homes that should be included.
Im not telling you to not try for the 35k below asking price, im saying please listen to your agents advice on which home that is acceptable to do that on, not all qualify for low ball offers.
KEEP IN MIND HOMES IN NKY IN SEPT. SOLD FOR 97% OF THE LIST PRICE
example: if the home is listed for 150,000 will sell for around 145,500.
No comments:
Post a Comment