Tag

ask price

What Should the Seller Say?

After the Purchase Agreement is Signed, But Before Closing Loose lips may not sink (housing) ships — but they can cost a Seller money. That’s especially true if their home’s ultimate sales price was (well) below the last asking (list) price, and the deal subsequently doesn’t close. Funny how, in that rare-but-unhappy scenario, the discounted...
Read More

Unadvertised Price Reductions

Taking $50k, $75k — or More(!) Off the Last Asking Price Overpriced listings have a way of coming down to earth, and Buyers who can afford to be patient can often pick up the property at a (much) better price once the Seller has become more realistic. Of course, Buyers who wait risk that the Seller...
Read More

Did the Home Have Inspection Issues? How to Tell

Gap Between Last Ask, Sold Price One clue that a just-sold home had major inspection issues is when the sales price represents a big discount from the last asking price. So, for example, a house that was listed at $500k, was “Pending” on MLS for six weeks (give or take), then closed for  . . ....
Read More

“Sales Price as a % of List”

Defining the Denominator One of the more useful (ballpark) benchmarks for determining a home’s likely selling price these days is what Realtors call “sales price as a percentage of list (or asking) price.”   Depending on what part of the Twin Cities you’re talking about (and what price point), the number that’s out there at the moment is...
Read More

“Leaving Room to Negotiate”

Padded List Prices What do you do if you’re a Seller in a Buyer’s market who’s worried about lowball offers? At least a few succumb to the temptation to pad their asking (“list”) price. Their logic? The higher their initial price, “the more room they have to negotiate.” Flawed Logic Well, yes. But that presumes...
Read More

Q: When is the list price not necessarily the list price?

A:  When it’s a short sale You’d think that a Seller who received a full-price offer on their home would automatically say “yes,” and the Buyer and Seller would be well on their way to a consummated deal. And in most situations, you’d be correct. However, with a short sale — that is, a home...
Read More
1 2 3

Archives