Welcome! This blog tracks the real estate market in the Central Shenandoah Valley, featuring market data and analysis, an exploration of common buying and selling questions, and candid commentary on all things real estate.
If you are interested in discussing any of the topics on this blog, or the details of your specific real estate situation, call or e-mail me!
Newer Post | home | Older Post |
![]() |
![]() |
How much should I be able to negotiate on price? |
|
It is certainly a buyers market these days --- there are far more sellers in the market than buyers, so oftentimes buyers can negotiate quite effectively. Let's take a look at what the data shows us when examining all single family homes sold in Harrisonburg and Rockingham County in the past 12 months.... ![]() The first thing to point out is that sellers have (on average) accepted prices 4.42% below their asking prices. In fact, only 9% of sellers negotiated sold for 10% (or more) below their asking price. I thought the data might differ as we explored different price ranges, but the amount that sellers negotiated off of the list price didn't vary too much below $250k, between $250k and $400k versus over $400k. As helpful as this data can be, it does NOT account for several other factors:
Recent Articles:
| |
![]() |
![]() |
Newer Post | home | Older Post |
Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
Home Search
Housing Market Report
Harrisonburg Townhouses
Walk Through This Home
Investment Properties
Heritage Estates
The Glen at Cross Keys
The Townes at Bluestone
Cottages @ Stone Spring
Founders Way
Harrisonburg New Homes
Harrisonburg Assessments
Best Deals In Harrisonburg
Harrisonburg Foreclosures
Bank Owned Properties
Potential Short Sales
Lease/Purchase Options
Owner Financing
Property Transfers
New Listings
Recent Price Changes
Luxury Homes
Secret MRIS Listings
Secret GAAR Listing
Broadway VA Homes