Question: I'm interested in purchasing a home that's priced 9 percent above others in the neighborhood. The seller feels the price is justified since they installed a lot of upgrades.
I submitted an offer that's almost 2 percent higher than the neighborhood average price, and it was rejected. The home has been on the market for 122 days, is well kept and very nice, but I cannot see how it justifies nearly a 10 percent margin in price over the average. I want to offer the sellers a fair price for the home, but not overpay. What can I do?
Answer: Real estate sale prices are established by informed buyers and sellers. If you don't want to pay the seller's price and the owner will not accept your offer, logic and reason are irrelevant -- the house won't sell and you must look elsewhere.
Don't be mislead by statistics. Upper-bracket homes, as one example, often take months to sell -- and sometimes longer.
No comments:
Post a Comment