Was wondering (and guessing 'yes') if anyone has done research on what's the average percentage difference in a home seller's asking price and what they finally say 'yes' to.
I know in today's market this may be changing rapidly. If location is a factor I'm looking for info in the Northeast. A town called Haddon Heights in Southern New Jersey, just outside of Philly.
Thanks!
2007-11-24 11:16:04 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
In my opinion the price of a home in today's market is based more on the Seller's motivations and financial situation than the historical statistics.
We are in a very different real estate market.
2007-11-24 11:31:59 · answer #1 · answered by LUCKY 4 · 0⤊ 0⤋
You can't put a number on it because they may change other things besides the price. I paid more than asking on my current house because I bought another property the next day from the same owner at less than he asked and he carried a contract on the second property. Otherwise I would have offered less than he asked and if he didn't budge might have asked for more things like repairs or his dog. I did ask for the dog but he refused to leave the dog, it was a really nice dog.
2007-11-24 19:37:28 · answer #2 · answered by shipwreck 7 · 0⤊ 0⤋
If you price your home correctly you will get asking price or very close to it, within 5%.
Price it too high and you will end up 10-15%, or more, under what you should have originally asked.
2007-11-24 21:13:38 · answer #3 · answered by Sharon 3 · 0⤊ 0⤋