Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Considering how prices are changing and how long it takes to close around here (avg. 3 months) I think sales in the past 6 months is not recent enough.
You're right - in the current environment, 3 months would be a better indicator than 6 months.
The OP is looking to BUY a house, not sell one, and was asking about a particular house that is currently for sale. Will a RE agent actually waste their time pulling comps and crunching numbers for a buyer (whom they have no contract with and who can walk away from them at any time) who is investigating the pricing of some house that another agency has under contract?
Yes they will if asked. I've done it before because I too thought the areas homes were overpriced so I had comps pulled for a 1/4 mile radius.
Start listing house at 1 Million dollars. Every month of no offers, lower price by 100k I work for century 21 and this is how we advise all of our clients, it is our protocol This gets most homes sold in 5 months, hence the average sales price in LI If you need anymore advice check out century21.com, or relator.org
Start listing house at 1 Million dollars. Every month of no offers, lower price by 100k I work for century 21 and this is how we advise all of our clients, it is our protocol This gets most homes sold in 5 months, hence the average sales price in LI If you need anymore advice check out century21.com, or relator.org
I've seen a house do this everyday (lower by $100 and not $100k) just to make it to the "Just Reduced" list that shows up on everyones mailbox in the morning.
I've seen a house do this everyday (lower by $100 and not $100k) just to make it to the "Just Reduced" list that shows up on everyones mailbox in the morning.
I'm soooo tired of real estate agents and their stupid little tricks. First the listing "range" ie : 350k-425K....(I'll take the 350K, thanks) , now this.
I'm soooo tired of real estate agents and their stupid little tricks. First the listing "range" ie : 350k-425K....(I'll take the 350K, thanks) , now this.
I'm not crazy about the price ranges either, but this can actually be helpful to an agent in convincing their SELLER to consider a more realistic price for their house. Many sellers insist on keeping the asking price unreasonably high and this is a good way of getting them to come down without feeling like they've sacificed too much.
You have to remember, Real Estate agents are Salespersons. Anyone in the business of selling needs to leverage whatever TACTICS (or stupid little tricks, as you say ) they can in order to make a sale.
I'm soooo tired of real estate agents and their stupid little tricks. First the listing "range" ie : 350k-425K....(I'll take the 350K, thanks) , now this.
Not all Realtors do this, BTW I'm definitely not a fan of either practice...
I'm not crazy about the price ranges either, but this can actually be helpful to an agent in convincing their SELLER to consider a more realistic price for their house. Many sellers insist on keeping the asking price unreasonably high and this is a good way of getting them to come down without feeling like they've sacificed too much.
You have to remember, Real Estate agents are Salespersons. Anyone in the business of selling needs to leverage whatever TACTICS (or stupid little tricks, as you say ) they can in order to make a sale.
You got it !!
Then again.... "Interest rates are low.... Its the best time to buy... ain't it ?" LOL.
Its the worst advice you can give to someone having loads of cash !!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
) they can in order to make a sale.
I'm definitely not a fan of either practice...
