So obviously a hot topic of conversation around every outing that my husband and I have been on is, pricing.  So to make a really long story short I guess I would like to know what the professionals thought.

Scenario: There is a 3 bedroom 2 bath beautiful home listed for 199,900 in a semi-desirable neighborhood.  Does the price of 194,900 make that house seem better? Does 5000 dollars really make a difference? Is a credit for 5000 dollars at closing more appealing?

 
Posted by Aimee Pier on 06/12/2008 12:27 AM   Comments (3)   pricing, price reduction  
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3 Comments on Really a difference in pricing?

JUN
12
2008
1,179,776 Points 3 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp

Aimee, in my market, such a difference would get the home shown. However, it's very possible that the credit at closing would have a better chance at getting it sold. Telling the buyer's agent that you are willing to work with buyers that are short on cash to close is important.
12:36am • #1
249,468 Points 1 Featured Post Outside Blog

It may be just as important to leave some negotiating room for your seller.  Leave the price at 199 and then you can counter offer if necessary.  But, if it does not attract offers, you would still have to lower the price to meet the market.  I would not offer closing costs, but that is just me.
12:39am • #2
320,583 Points 5 Featured Posts Outside Blog

In our area the closing cost assistance would be the better ploy. Not sure 5k will make alot of difference in showing but it certainly can for the closing end.
6:13am • #3


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Aimee Pier

Missoula, MT

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