How To Approach That Over-priced Listing You Want to Buy-Barrington Real Estate
We've seen a number of Barrington homes together, some below your budget, some spot on the budget and others above the budget. You've narrowed it down to a short list and we've been for a second showing on the favorites. Sitting high up there on the first placed podium is the over-priced favorite.
You know - the one with the fabulous kitchen, larger than large master bedroom, sumptuous bathroom and the list of wants and needs has almost all been checked off. Your new home in Barrington has been found. You asked for the data to see how much the property should be sold at and clearly it is over priced for the market, so what are you going to do? Should you try? What will be the strategy for making your offer?
Our seller might not be ready for what he considers a low ball offer but if the market tells us a lower price than we should ignore the asking price altogether. It is irrelevant, and absolutely you should try. I cannot promise you the seller will see that our numbers support our offer and if that happens there is not much we can do. They may make the mistake of rejecting our offer and a year down the line accepting less than you were ready to pay.
We'll come up with an offer strategy based on where the sales price should be, not where the asking price is. If you want to buy the house and it is over-priced don't feel like it is not worth the effort. Try it. To start your Barrington real estate search visit my website today.
Barrington, IL Realtor®/ Royal Advocate Realty
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