Got an offer FSBO within 4 days -- Am I priced too low?
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I agree good deals go quick and I would not think twice. You sold it without having to pay commission and the realtors even came up with a comparable price....it takes only 1 buyer with the right amount...maybe for a higher price you wouldn't have had anybody coming with an offer.
I am closing my FSBO today,buyer came to and looked at property and decided he wanted to make offer,when he came back he had contract from realtor with 3 percent fee.At this point he said he was qualified to purchase at certain price,he had USDA FHA package.He did not have signed buyer agreement,realtor has never looked at property.We said no way,in agreement he will pay.I would guess she got him this package,qualified bank,FHA appraiser and inspector.All have to line up for USDA approval.We did come down to his max which was $5000 but better to be sold at this point with the worst yet to come in the spring.Like said be happy if you can find buyer.
As one that has been trying to buy for about a year now, you sound like you did everything exactly right. Whey "my" house finally comes along, I too will be swooping in and offering a fair purchase price but only if the home is offered at a fair asking price. I am sure my seller will also think they may have priced too low, but more than likely they priced it just right! If they start to mess with me, I'll walk. I've wasted enough time with unrealistic sellers and unresponsive banks. Congratulations and I hope the deal goes through.
Count yourself lucky and go with what you think is fair, not what your neighbor has theirs priced at. Hope that the buyer can get financing and all will go smoothly. Maybe it is exactly what this buyer wants and they jumped on it. Another buyer might not think the layout or something is what they want so you might not get any other offers. Go for it!
Do some research. Check out zillow.com to see what homes have sold for recently in your area. Make sure that your asking price will be competitive with your local market.
Only problem with zillow is that I'm not sure if it displays sold homes' asking prices or the price the home actually closed at. But either way, it's a great tool.
Another tool that I use, when I can find it, is called the Business Journal. This weekly publication is put out by the Newhouse family (Advance Publications) in dozens of cities across the U.S. And one cool feature that it includes is a roundup of all the homes that have sold within the past week and gives both the buyer and seller names, address of the home and how much the home closed at. Pretty nifty, but it does cost $2... I use it all the time when I want to send personalized notes to new homeowners related to my offline business...
What that means is that you priced it right for your area. Good deals go quick.
Pat yourself on the back for pricing it right.
No they don't. Median prices sell in median days. If it sells quick it means that you were lucky or you heavily under priced or something in between.
Listed a house in the neighborhood of 400K in early December. Sold it in less than two weeks. Great price? Great marketing?
Blind luck. Sometimes the gods smile on your case.
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