Whether you are buying a home or selling a home in Mecosta County, MI, it is important to know what prices are being accepted on homes, compared to what price the homes are listed for.
In Mecosta County, this has not varied a lot over the last few years, at approximately 92% over the last year and through February 2015. The chart below also shows the ratios comparing the original list price with the actual selling price. (The chart is displaying data from the Southwest Michigan MLS, specifically for Mecosta County only.)
Of course every sale is different, but this can help buyers see the reality of making a reasonable offer. If your offer is more than 8% below the current listing price, it is not likely to be accepted by the seller.
Sellers can use this information to make sure that there is a little wiggle room in their asking price, as most buyers will submit an offer for less that the listed price.
To be sure, many buyers lose out on getting that dream home by making an offer that is just unacceptable to the seller. Likewise, sellers need to expect that offers will not be full listing price in Mecosta County, MI.
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