The sellers wants X for the Maine real estate, asks about everyone wanting to beat him down, so wiggle room.
How much to wheel and deal, make the buyer purchase the property Joe or Josephine Broker?
Remember that any property, piece of real estate priced realistically, marketed correctly will move in any market.
And adding on an extra $5,000, $50,000 or whatever for "wiggle room" to play the horse trading game is not always good advice in so so real estate markets that exist in some areas.
It depends on the supply of that type of real estate, and how the market reacts to offers. The track record of sales and the ratio of listed "value" and SOLD price. For example Maine waterfront property is never in over supply, abundance.
And selling a family lake cottage in Maine even though not used much any more is still a hard bitter pill for the owner holding the keys, all those fun time memories to swallow. To let go of the keys and list the Maine property on water.
So making offers on the only cottage, waterfront home on a popular local ME lake could be laughed at.
And real estate price wiggle room, there is none.
With Maine waterfront, if you have been looking for a piece for a few seasons.
And the doctor says Grampy, you are not going to live forever.
Well, prompt action is needed. Hop to it kicks into gear. Buying with your heart, not your head kicks in if Grampy wants to see the grandchildren do the dog paddle out front. To sit on a deck, smell a steak grilling, hearing the sizzle and enjoying a sunset. Surrounded by his loved ones.
Thinking about sunsets, sunrises...the few he may have left to enjoy.
He has the money, not waiting for a bank appaiser to do his dog and pony valuation exercise. Gimme the Maine waterfront camp, real estate. Period. With multiple offers coming in, the place going for more than listed price. And some brokers think every real estate market is upside down, stalled. Not in Maine.
So wiggle room. Shake your money maker, just a little bit.
Wiggle it, just a little bit Mr Seller make you hit a stone walll.
Stopped in your tracks and in a few days with the announcement the place you offered a third less on just sold for a third more than the listing price.
Real estate is an emotional exercise and add some Maine waterfront to the equation and the feelings soar higher. Things heat up. Wanting, tasting that Maine waterfront so badly you got to have it.
You want it for summer boating, winter snowsledding, fall hunting, spring hiking vacations. You will have it one way or another and other Maine real estate buyers better get out of the way. Sometimes when looking at the lake camp that may be right on the edge of the lake which you can not build that close any more, the buyer will ask, isn't that a lot of money for this shack, er I mean camp?
I tell them to turn around, and as we revolve on the shore to shift focus from the sticks, shingles to the view.
Listen to a Maine loon crying, Hear the waves lapping at the shore.
Feel the sunshine, watch the red ball go down over a hill side, sunlight dancing on the water and creating moving diamonds as it does. Or the moon dancing on the same lake moments later under a black velvet star studded sky. How do you put a price on that?
That is what you are buying....a 16,000 acre lake and all the recreational fun having that for a neighbor provides you, your family. Think cook outs, family reunions, relaxing, fishing, swimming, sailing, kayaking along the shore and smelling burgers cooking.
Maine waterfront real estate creates a memorable experience, is a great investment. More fun than you will ever have with a stack of stock certificates smelling a little musty, CD's and bank books that get moldy stuck in that dark top desk drawer.