How Much Should I Offer To Purchase This House…And When?
I am asked this question frequently, whether buyers are looking in The Hideout, or Wallenpaupack Lake Estates, or Masthope….whether it’s a lakefront log home or a hunting cabin in Pike County. “What should I offer? What is a fair / reasonable / good offer to make?”
Another common question is “When is a good time to offer?” Or “Is it better in the off season?” Or “Are prices higher in the summer?” This will be answered in a future post.
Making A Reasonable Offer On A Home in Pike or Wayne County
What is “reasonable” to one is not necessarily “reasonable” to another! There is no “uniform price” sellers adhere to, like Walmart or Best Buy. Unlike the retail world with corporately controlled prices & predictably scheduled sales, in real estate we deal with human beings and their individual emotions, goals, and needs.
If my company represents the seller and I happen know the “bottom line,” I am bound by ethics not to reveal that to potential buyers (just as I am equally bound not to reveal to sellers what buyers are ultimately willing to pay). Even if the seller has explicitly told me “$XXX,000 and not a penny less,” that doesn’t mean they won’t change their mind and actually accept less!
Not all sellers in the Pike and Wayne County PA real estate market are desperate, and many are not willing to accept huge discounts below the listing price on their property. Some are willing and able to wait for an offer they will accept.
Others are anxious to “get the monkey off their back” so they can move on – but are they willing to take 40 or 50% off the list price to do it? ======>Read the Rest Here
This is an exerpt of an article previously published by Karen Rice on http://www.pikewaynepablog.com