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Answers (2)
- Michael Beckerman, "mbeckerman"
- Contributions:169
- Ann Thai, "annthai"
- Contributions:79
Hi Sandra,
It depends on several factors:
#1 Is this an REO/Foreclosure, Shortsale or Regular Sale?
It makes a whole world different in listing price.
#2 Is there a lot of deferred maintained (repairs) that needed on to the house? You should consider offset that off the listing price.
#3 Demand and Supply-is there a lot of houses for sale in this area where this house is located at? Keep in mind, real estate is very local. If there are not many houses around there for sale, and there are more buyers looking to buy in that location, you might not get the house. Your real estate agent should be your best bet when it comes to recommend if you're paying to too much or too little :)
Hope this helps...and good luck!
Ann
It depends on several factors:
#1 Is this an REO/Foreclosure, Shortsale or Regular Sale?
It makes a whole world different in listing price.
#2 Is there a lot of deferred maintained (repairs) that needed on to the house? You should consider offset that off the listing price.
#3 Demand and Supply-is there a lot of houses for sale in this area where this house is located at? Keep in mind, real estate is very local. If there are not many houses around there for sale, and there are more buyers looking to buy in that location, you might not get the house. Your real estate agent should be your best bet when it comes to recommend if you're paying to too much or too little :)
Hope this helps...and good luck!
Ann
This house is listed for $1,175,000. Would $975,000, be too much to offer?
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