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Is There A Price You WOULD Pay For This House? |
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For quite a while now, we've been operating in a market where nearly everything sells at or over the asking price, sometimes with multiple offers. Thus, many buyers assume a seller will only sell for the asking price and it isn't worth making an offer below the asking price. Sometimes this is, indeed, the case -- especially in the first few weeks that a house is on the market. At this stage, home sellers are typically still rather confident and/or hopeful that their asking price is appropriate for the market. But after a house has been on the market for a few weeks, what's the downside of a buyer making an offer below the asking price? When a buyer views a house that has been on the market for a few weeks, and they don't like it enough to pay the list price... they often just move on and decide not to make an offer. I think many buyers should, instead, consider what price they WOULD pay for the house. If you like a house, but just not at the current offering price -- make an offer of the price you would be willing to pay for the house. Who knows, the seller might surprise you, and might be willing to negotiate to a price that would work for them and for you! Recent Articles:
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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