Prices Down, Wants Up

By
Real Estate Broker/Owner with Fran Rokicki Realty, LLC

Most Sellers are motivated to lower their price, finally.  However, now the Buyers seem to want most of the bells and whistles.  Some of these properties are small, first time homes.  They offer many good improvements, yet, feedback seems to be, well they really wanted more.  I hate to tell them, but, the Sellers can't do more. Watching the house flip programs, I notice how the new investors seem to overspend on improving and then, the Buyers still don't buy the home. Too small, or busy street.  Same feedback that was on that property, prior to the flip. So, we again, lower the price.  People will deal with things that are not included in a home, when they can pay less. Seems to be the answer, in some situations, in our market area. The market (buyer) determines the price of your listings, if you want them to move. The best signs are the ones that have SOLD on them.

It's a Good Life!

Fran Rokicki, Clubnet~Mentor

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Sharing the good life,

Frances   

Oh, By the Way...if you know of someone who could use my good services, please send me their contact information.  I will follow-up and take good care of them for you.  I am never to busy for you or your referrals!

 

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Rainer
131,525
Susan Trombley
Trombley Real Estate - Raleigh, NC
Broker/Realtor, Raleigh, Cary, Wake Forest, Youngsville
I am seeing the buyers in a properly priced market go min 6% below list price and ask for closing cost.
Oct 01, 2007 02:59 PM #1
Rainmaker
424,566
Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS
Just so long as they have down payment monies, I think it is okay at this point, to help with the closing costs.  In years past, we have had appraisers frown on givebacks.  Hoping that doesn't happen.
Oct 02, 2007 04:16 PM #2
Rainer
4,705
john golymbieski
c21 access america - Watertown, CT
i am seeing homes that are properly priced whether priced with bells and whistles or not are selling and rather quick if houses are on the market for a more than a couple of months they seem to be sitting there even if they reduce the price...the buyers right now have been kicking tires for a long time and most of them know the market and a bargain. you are right sellers are starting to see the light and are coming down with there prices but i am still seeing some ridiculous offers still coming in though once we get them completely on the same page and the banks reorganize (it seems they are doing rather quick) we will be heading in the right direction again
Oct 02, 2007 04:46 PM #3
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Rainmaker
424,566

Frances C. Rokicki

Broker-Mentor,CRS
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