Is a drop from $382,000 to between $360,000 and $365,000 ok from a buyer's perspective?
2007-02-11 07:46:24 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It depends on the value of the property. If it is priced way below market than it would be foolish to try and negotiate the price because someone else will pay full asking price and take the deal away from you. If it is way over priced it is not worth to try and negotiate because you are most likely dealing with an inflexible seller and will overpay for the property. If it is priced at or near market than you can negotiate at a mutual price. A long story short you should find out the market value and negotiate accordingly.
2007-02-11 10:45:28 · answer #1 · answered by tianaramal 4 · 0⤊ 0⤋
LISTEN TO THE MARKET FEEDBACK!!! If you aren't getting any feedback from your agent then ask for it - All good agents collect feedback from all inspections!!! You need to know what the "Buyers" are willing to pay for your property & go from there. EG. If you listed at $350,000 & the market is suggesting $330,000 then perhaps a small reduction to around $340,000 would be enough to generate new interest & perhaps an offer. If you dont listen to the market feedback & adjust your price accordingly then your property will sit there for a long time!
2007-02-11 18:47:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
depends..
some houses start low to get multiple offers and end up way over..the original price..
ask your realtor...
they know your market..
2007-02-11 16:28:57 · answer #3 · answered by m2 5 · 0⤊ 0⤋