I can't keep stressing this enough. If you are a seller' drop your price until it starts to shake a buyer loss from the tree. It's as simple as that. Price it competitively to begin with and expect someone to come in 15% below what you have it listed at. Buyer's are buying and it is really important to get a Buyer on paper - committed to the process. Get them emotionally tied to the house. YOu can always negotiate up. But if you don't have a contract - you won't be negotiating ANYTHING! The Foreclosure and Short Sale market will continue to PULL THE MARKET DOWN, DOWN, DOWN! So Price it to SELL IT TODAY!
If you are a Buyer - put in an offer and see where it will go. Of course, nothing absurd or ridiculous... but at least 10% under the list price. Work with a good agent to find out the seller's motivation, what the seller owe's, and the Days on the Market. If the Seller is being well advised - they will work with a Buyer. But by all means - put the offer in and snap up the bargains, deals, - and red light specials that are through this market place! If you want to discuss your buying and selling needs please email me at barbara@barbarabaker.com or call me at 800-975-5943.
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