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: When Should I Start Looking For A Home To Buy If My Lease Ends This Summer? Office Building, 77 Apartments and 93,600 SF of Storage Units Proposed Amidst Residential Developments, Church, Rescue Squad and Hospital in Rockingham County There Are Usually Two Phases Of Looking For A Home January Housing Inventory Levels Sink To New Lows Will Buyer Activity Continue Full Strength In January? Maybe Some Townhouse Developments Have Fewer Homeowners (Living In Those Townhouses) Than I Thought Juniper Hill Commons, A Multi-Generational Cohousing Community Is Under Development On Keezletown Road Most Homes Sold Quickly In 2020! Not Much Negotiability In Home Prices In 2020 At Year End, Home Sales Up 13%, Prices Up 10% in 2020 in Harrisonburg, Rockingham County
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 Jan 28, 2021 (unless otherwise noted).
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