The Five Best Deals In The Last Ten Days

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The Five Best Deals In The Last Ten Days
By Scott Rogers • August 6, 2010 Filed In: analysis, buying, market, negotiations, selling
Over the past few weeks I have received (on behalf of my seller clients) quite a few offers that I considered to be quite low: $30,000 under asking price on a $300,000 house (10%) $30,000 under asking price on a $200,000 house (15%) $40,000 under asking price on a $250,000 house (16%) $60,000 under asking price on a $300,000 house (20%) A few of these were negotiated successfully, and a few were not. It made me wonder, however, how often buyers were really negotiating 10% or more off the asking price of a home. So, let's take a look at a ridiculously small sample size (home sold in the past 10 days) and pick out the 5 best deals as far as the percentage that was negotiated off the listing price: First, do note that of the 27 homes sold in Harrisonburg and Rockingham County over the last 10 days, on average, 5.4% was negotiated off of the list price. Now, for the houses where the buyers negotiated the highest percentage off of the list price.... 4377 Hilltop Road (Massanetta Spring) - sold for 22% less than the list price 160 Wildwood Drive (Bridgewater) - sold for 15% less than the list price 253 S Sunset Drive (Broadeway) - sold for 11% less than the list price 2965 Pin Oak Drive (Belmont Estates) - sold for 10% less than the list price 545 Tabb Court (Preston Heights) - sold for 10% less than the list price So, with average negotiations of 5.4%, what do you think? Where the four offers of 10%, 15%, 16% and 20% below asking price reasonable? Perhaps negotiations have to start somewhere! Receive updates from HarrisonburgHousingToday.com via e-mail: Enter your e-mail address: Recent Articles: Flirting With Selling A Rental Property Why Investors Eventually Sell Their Rental Properties Potential Challenges of Selling A Rental Property in Harrisonburg Highest Pace Of Home Sales In Almost 13 Years Just How Unusual Was The Pace of Home Sales In January 2020? Home Sales Soar To Surprising New Heights in January 2020 The Role of a Realtor in Representing A Home Buyer Who Is Winning In 2020 In The Local Real Estate Market? City Townhouses Are Selling QUICKLY! Home Sales Rise In County, Fall In City
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Feb 21, 2020 (unless otherwise noted).
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