asking price: SETTING THE ASKING PRICE
- 08/04/17 07:27 AM
The selling-price to asking-price ratio is one of the most important statistics available about your real estate market. It is simply the percentage of the final asking price that is agreed in a contract. When it is calculated for a large number of home sales, the ratio is invaluable in determining what a home’s asking price should be, once the fair market value is known. The ratio tells how much "fat" is required in the asking price, on the average. Sellers and buyers alike usually are surprised to find the ratio is frequently well above 90%, even in markets that are … (0 comments)
asking price: ANALYZING THE MARKET VALUE ANALYSIS GAME
- 06/25/17 05:29 AM
Many agents offer to perform a free market analysis for any prospective seller, or in fact any homeowner who requests one. If you have time to spare and are willing to make such an offer you will find some analysis recipients who will hire you to be their listing agent. This "get your foot in the door" approach can work. If you are a busy agent or do not have a lot of time to spare, you might defer performing the market analysis until after you have listed the property. Deferring the analysis can set you apart from other agents, can save … (0 comments)
The selling-price to asking-price ratio is one of the most important statistics available about your real estate market. It is simply the percentage of the final asking price that is agreed in a contract. When it is calculated for a large number of home sales, the ratio is invaluable in determining what a home’s asking price should be, once the fair market value is known. The ratio tells how much "fat" is required in the asking price, on the average. Sellers and buyers alike usually are surprised to find the ratio is frequently well above 90%, even in markets that are … (0 comments)
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