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the seller wants to know why he cannot sale his house for a higher price

the seller wants to know why he cannot sales his house for a higher price
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April 30 2012 - Norwalk
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A house is only worth what a qualified buyer is willing to pay. The offer price should be based on recent sales in the local area.
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April 30 2012
He can sell it for any price he wants - if its a cash buyer.  If there is buyer financing proper comps should keep you near what an appraiser comes up with.


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April 30 2012
Profile picture for fb462827053
Show the seller the comps for the area, and what he should expect for a price. Knowledge is power, and as long as the reason WHY is known, it is easier to except the reality. Yes he may of put 50K into it, and his brothers cousins neighbor got 20K over in 2003, but these are new times and the market is changing daily. Buyers are savvy and may not be willing to even look at a property that is overpriced. I suggest you take the seller thru a couple of open houses so he can see the value of local homes, which may ease his fears that he is being short changed. 
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April 30 2012
The house will sell for what the current market is willing to bear and a Bank will only lend on what the home is worth and appraised at. we would all like to have more, however, we need to be realistic and listen to the local market.
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April 30 2012
 
Related Questions
the seller wants to know why he cannot sale his house for a higher price
Profile picture for Michael Steber
Latest answer by Michael Steber
April 30 2012 | 4 answers
  • Asked by user9298938
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  • April 30 2012
explain to the seller what is a comparable
Profile picture for sunnyview
Latest answer by sunnyview
April 30 2012 | 2 answers
  • Asked by user9298938
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