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Sellers, Don't be Greedy--Buyers Aren't Playing Around!
Sellers, Don't be Greedy--Buyers aren't Playing Around! As one who manages both buyers and sellers, I feel that I have a good ability to understand both sides of the transaction.  When I'm representing a Buyer, I can pretty easily predict what the Seller is going to 'counter' when making an Offer--I can advise my Buyers what Sellers are 'expecting' as well as what is fair market value!
Don't ask me which side I prefer to be on--it changes with the market AND with each transaction!  I love working with both! Today, it was with Buyers-- Enter Seller #1:  Home on the market for nearly one year--started out around $660K, now asking $579K.  The price of the home, according to archives, has been up and down (don't we generally DROP the prices, rather than raise them)?  The listing agent tells me that they've had a few 'interested' parties and a couple of offers.  The price reduction, then immediate increase coincides with the offers--not quite sure what they were thinking! My buyers had two favorites--so, they made their Offer based on comparables that I had pulled for their review.  I honestly advised them to Offer $540K, which was just under market value ... more

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