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Old 03-25-2013, 02:44 PM
 
162 posts, read 241,917 times
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Is there a way to find out difference between asking and selling prices? What % buyers in DFW are paying in different towns?
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Old 03-25-2013, 02:46 PM
 
Location: Austin
7,089 posts, read 16,951,642 times
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Yes, your local realtor would have access. Generally, in the "hot" areas, it's 99-101% of asking price. Last year? more like 95-96%.
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Old 03-25-2013, 03:55 PM
 
11,688 posts, read 21,304,953 times
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% of asking price isn't really relevant. Offers should be based on a $/SF basis and your realtor can provide you with recent sold comps. Reason being that the "average" % of asking price in an area could be 99%, but you could be making an offer on a home listed at $150/SF when the comps are all in the $125/SF range....in that case, you'd be a fool to offer the sellers $148.50/SF (99%).
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Old 03-25-2013, 04:48 PM
 
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I actually like that this info isn't publicly available (as far as I can tell) in Texas.
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Old 03-25-2013, 04:54 PM
 
297 posts, read 408,048 times
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Quote:
Originally Posted by mSooner View Post
I actually like that this info isn't publicly available (as far as I can tell) in Texas.
Correct. Texas is a non-disclosure state. I am just fine with that.
Even in the papers where they list recent sales the price reflected is typically the amount financed, not the purchase price. I don't need every person and their mama knowing what I paid for my house.
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Old 03-25-2013, 05:49 PM
 
172 posts, read 289,479 times
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I like transparency but I understand your point.

OP, low ball era ended last year. It's going very close to the asking price in this area. Most sellers price homes right and ones who are delusional have to stay on market for longer time.
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Old 03-25-2013, 11:58 PM
 
Location: Funky town
951 posts, read 1,423,555 times
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Quote:
Originally Posted by TurtleCreek80 View Post
% of asking price isn't really relevant. Offers should be based on a $/SF basis and your realtor can provide you with recent sold comps. Reason being that the "average" % of asking price in an area could be 99%, but you could be making an offer on a home listed at $150/SF when the comps are all in the $125/SF range....in that case, you'd be a fool to offer the sellers $148.50/SF (99%).
Not entirely accurate way to look at "only" $/SF unless you are assuming a solid comp is similar to the said property. For example, if the property in the market is a tucked in, corner lot next to the amenity center with a creek view in the backyard, one should not look at $/SF for another house that does not share the same "location" characteristics. If you are good judge of $/SF then Yes but lot of buyers compare $/SF of a same size home on different lot sizes (another wrong way). There are many more ways that can make judgements solely based on $/SF to be wrong.
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Old 03-26-2013, 06:59 AM
 
11,688 posts, read 21,304,953 times
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Quote:
Originally Posted by frenzyrider View Post
Not entirely accurate way to look at "only" $/SF unless you are assuming a solid comp is similar to the said property. For example, if the property in the market is a tucked in, corner lot next to the amenity center with a creek view in the backyard, one should not look at $/SF for another house that does not share the same "location" characteristics. If you are good judge of $/SF then Yes but lot of buyers compare $/SF of a same size home on different lot sizes (another wrong way). There are many more ways that can make judgements solely based on $/SF to be wrong.
True, true. But looking at average % of list price (as OP was asking) won't help you either with a special location (creek view, etc) either. Again, all good reasons to hire an excellent realtor who really knows the ins & outs of the area you want to live- you'll be educated on how to evaluate all the components of an offer price.
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Old 03-26-2013, 09:05 AM
 
Location: Dallas, TX
1,161 posts, read 742,362 times
Reputation: 248
Form T-7 has some amount disclosed. Is this price similar to selling price. Even for new homes, higher sq ft homes listed for slightly less $ per sq ft compared to homes around 3000 to 3500 sq.ft.
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Old 03-26-2013, 12:21 PM
 
Location: DFW - Coppell / Las Colinas
30,005 posts, read 34,648,657 times
Reputation: 36024
And what is form T-7 ?
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