A client of mine, recently asked me a great question; they asked me “How much a seller is willing to sell their home for, less than asking price?” To start the answer… there is no typical seller….
Every person selling their home has a different reason for selling; every person selling their home is in a different financial position.
The more important question is to ask What are the market and the market conditions telling you about where homes are selling?
· you need to consider the purchase price of the home you’re looking at
· the neighborhood the home is in
· as well as the sellers and what did they purchase the home for and was it financed
These items together will give a little better idea of where to start with your offer; and what the seller is likely to accept.
I still wish I had a crystal ball….