home buying: “What do you think they will take?”
- 01/29/11 01:27 PM
Hmmm. They already told you what they will take, and that is the listed price. It's when "What do you think they will take" is followed by "Maybe I'll just test the water" that a savvy agent needs to step up to the challenge. When testing the water equals wasting time for everybody involved, statistics may help bring the offer more in line with reality. Sold prices are edging closer to listed prices (see charts below). Without giving advice, I can tell the questioner that properties in our local MLS have averaged selling for 94.4% of the listed prices in the … (4 comments)
home buying: I know what it sold for at the courthouse (part 1)
- 09/13/10 03:44 PM
Courthouse foreclosure sales usually result in the mortgage holder buying back the property. Spectators often believe that final bid represents what the bank will take when they resell the house. After the courthouse sale, speculators may start trying to make offers according to the ending bid. They try on their own to make an offer to the bank and then they seek out an agent who they believe can help them snatch up the property. Especially if they attended the courthouse sale, they believe they have inside knowledge about what to offer; and that makes them anxious to lock in a deal. Several things are … (7 comments)
home buying: I'm under contract to buy a house! Now what?
- 06/09/10 11:19 AM
Congratulations on negotiating the deal for the purchase of a home! You have probably been in a whirlwind of house-hunting and offering and counter-offering. Now you want to catch your breath and celebrate a bit. Not so fast! You have things to do, and they may be a little less fun than house-hunting. The clock is now ticking. One thing you should NOT do is go shopping for appliances, furniture, or a new car! I tell my buyers not to even give their names (muchless social security numbers and/or home addresses) to any salesperson between contract date and closing date. If you want … (2 comments)
Hmmm. They already told you what they will take, and that is the listed price.
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