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Paging Real Estate Gurus of the OT
Posted on 7/17/18 at 7:22 am
Posted on 7/17/18 at 7:22 am
Had a CMA (Comparable Market Analysis) ran on my home. Results came back favorable (more than what I paid) lol. However, it seems like most of the other homes on the analysis sold for 4-10k less than asking. My question is; is there a rule of thumb for making offers?
9
Posted on 7/17/18 at 7:24 am to LOL
quote:My rule is to offer what I'm willing to pay, but make sure it is no more than I have to pay to get what I want.
is there a rule of thumb for making offers?
Posted on 7/17/18 at 7:25 am to LOL
Just make sure to include as many lols in the exchange with the buyers
Posted on 7/17/18 at 7:25 am to LOL
Generally the longer a house sits on the market, the more leverage you have as a buyer
This post was edited on 7/17/18 at 7:47 am
Posted on 7/17/18 at 7:26 am to PearlJam
that's kind of what I figured. Bout tree fiddy
Posted on 7/17/18 at 7:29 am to LOL
quote:
other homes on the analysis sold for 4-10k less than asking
That is pretty normal depending on what price range we are talking out.
Also, keep in mind that there could easily be 5-10K in seller concessions on top of that that might not be reflected in the analysis.
Posted on 7/17/18 at 7:39 am to MikeBRLA
quote:
Also, keep in mind that there could easily be 5-10K in seller concessions on top of that that might not be reflected in the analysis.
Are sellers concessions not disclosed in LA on CMA's? They are here in TN
Posted on 7/17/18 at 7:41 am to LOL
Ask 4-10k more.
Posted on 7/17/18 at 7:43 am to LOL
quote:
However, it seems like most of the other homes on the analysis sold for 4-10k less than asking. My question is; is there a rule of thumb for making offers?
Lots of variables, depends on upgrades, motivation of seller, etc.
Posted on 7/17/18 at 7:53 am to LOL
quote:
Had a CMA (Comparable Market Analysis) ran on my home. Results came back favorable (more than what I paid) lol.
lol
That’s SO funny. Lol. Wait no LOL. Hahahahahahahaha I'm still laughing. OMG. I am LITERALLY dying laughing.
Posted on 7/17/18 at 7:58 am to LOL
I doubt many real estate gurus still wear pagers.
Might have better luck with a group text, WhatsApp, Snapchat, etc.
Might have better luck with a group text, WhatsApp, Snapchat, etc.
Posted on 7/17/18 at 8:18 am to LOL
The discount in your market from asking to sale price should be factored into your initial price. Assume there will negotiation, if the market is good, you should be able to list a bit over what the house is expected to appraise for with the understanding that the final agreed price will be less than you ask.
Most agents consider an offer within 10% of the asking prIce to be “non offensive” and at least elicit a counter-offer from the seller.
Most agents consider an offer within 10% of the asking prIce to be “non offensive” and at least elicit a counter-offer from the seller.
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