real esate advice: Determining Your Offer Price
- 01/19/09 04:41 AM
So you have found the perfect home for your clients and you already know the seller's asking price? What price are your clients going to offer and what is the best way to determine that figure?
First, look at recent sales of similar properties to determine an offer range.
Comparable sales, meaning the recent sales of similar homes that compare closely to the one you are looking at, are very helpful. Accessing information on comparable sales can be easily accessed by the real estate agent. It is more difficult for the general public to obtain this information. Two of the most … (6 comments)
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real esate advice: Dropping Your Asking Price...Too Late
- 01/16/09 06:41 AM
Many agents have heard the words "Well we can start high and drop the price later." The importance of pricing homes right the first time has always been an integral part of getting a home sold, even in a good market. Sellers who start out with a high asking price and then drop it later, usually become "old news." The initial flurry of activity that you receive when you first put a home on the market is not recaptured the same way that it would've been if the home had been priced realistically to begin with.
Even if a … (8 comments)
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So you have found the perfect home for your clients and you already know the seller's asking price? What price are your clients going to offer and what is the best way to determine that figure?
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