Answers (6)
- Annette Lawrence, "Palm Harbor FL"
- Contributions:28
Pickerington,
Without greater detail, one can only take a shot in the dark concerning your inquiry. As you have pointed out, the need for accurate information is very important to save you time, energy and money. Who is responsible for the accuracy of the information on Zillow? Your local real estate agent can set you up with direct data from the local MLS. That is the source of accurate information with a directl link to acountability.
Without greater detail, one can only take a shot in the dark concerning your inquiry. As you have pointed out, the need for accurate information is very important to save you time, energy and money. Who is responsible for the accuracy of the information on Zillow? Your local real estate agent can set you up with direct data from the local MLS. That is the source of accurate information with a directl link to acountability.
- Chad Basinger, "ChadBasinger"
- Contributions:104
Hi Pickerington,
Some people have already answered the part about asking price. While I do not know if you are looking at rental prices or not nor do I know which area you are looking, but there have been some incredible pullbacks. For example, I am aware of a home that went from seven million to two million (yes, still a lot of money, but what a drop.) At any rate,there was recently a home worth over a million, that was priced at 599,000 (making it a short sale). Well, it generated tons of interest (that was the intention) and ultimately, the buyer did not want to deal with the hassles of a short sale and the property ended up selling for over a million. The point is, there is always a reason why a property is priced the way it is. The key is to do your due diligence, or hire a professional to help you, so that you can understand why it is listed at a certain price. Best of luck!
Some people have already answered the part about asking price. While I do not know if you are looking at rental prices or not nor do I know which area you are looking, but there have been some incredible pullbacks. For example, I am aware of a home that went from seven million to two million (yes, still a lot of money, but what a drop.) At any rate,there was recently a home worth over a million, that was priced at 599,000 (making it a short sale). Well, it generated tons of interest (that was the intention) and ultimately, the buyer did not want to deal with the hassles of a short sale and the property ended up selling for over a million. The point is, there is always a reason why a property is priced the way it is. The key is to do your due diligence, or hire a professional to help you, so that you can understand why it is listed at a certain price. Best of luck!
- Christine McGinty, "whitemountainagent"
- Contributions:348
The price the seller is asking per the listing is the actual asking price. What the seller will accept you will have to address in an offer and see where it goes. If you are being represented by a buyer's agent, your agent should be able to pull comps and assist you in what they think is a reasonable offer. As you don't like wild goose chases, sellers don't like buyers taking up their time with lowball offers. Take into consideration days on the market. If it's been on the market for a long time, you may have more negotiation room. Ask your agent to run comps so you are better educated to the values in the area you are looking when you make your offer.
- Leslie Newman, "Leslie Newman1"
- Contributions:60
Hi Pickerington,
You mention, "I am seeing many that have a listed price that can't be accurate according to the history, even considering the slump in the real estate market." Did you mean that the asking price seems too low?
You mention, "I am seeing many that have a listed price that can't be accurate according to the history, even considering the slump in the real estate market." Did you mean that the asking price seems too low?
- The Shapiro Team of SW Florida, "mcs01488"
- Contributions:192
Many times you are looking at a rental listing that is coded incorrectly.
I am assuming that you are seeing prices like $3500 or $6000.
oOtherwise, it could be a short sale that is deliberately listed at a misleading price.
I am assuming that you are seeing prices like $3500 or $6000.
oOtherwise, it could be a short sale that is deliberately listed at a misleading price.
- Susanne Brown, "Susanne Brown"
- Contributions:66
The "actual" asking price is the price that the seller is asking for the property. This price often has room in it for the seller to negoitiate with the buyer. If you want to get to a "bottom line" price you would need to make an offer and see what reaction the seller has.
Every seller has something that has motivated them to list/sell. You need to make an offer to see just how motivated the seller is.
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