The Five Best Deals In The Last Ten Days


The Five Best Deals In The Last Ten Days
By Scott Rogers • August 6, 2010
Over the past few weeks I have received (on behalf of my seller clients) quite a few offers that I considered to be quite low: $30,000 under asking price on a $300,000 house (10%) $30,000 under asking price on a $200,000 house (15%) $40,000 under asking price on a $250,000 house (16%) $60,000 under asking price on a $300,000 house (20%) A few of these were negotiated successfully, and a few were not. It made me wonder, however, how often buyers were really negotiating 10% or more off the asking price of a home. So, let's take a look at a ridiculously small sample size (home sold in the past 10 days) and pick out the 5 best deals as far as the percentage that was negotiated off the listing price: First, do note that of the 27 homes sold in Harrisonburg and Rockingham County over the last 10 days, on average, 5.4% was negotiated off of the list price. Now, for the houses where the buyers negotiated the highest percentage off of the list price.... 4377 Hilltop Road (Massanetta Spring) - sold for 22% less than the list price 160 Wildwood Drive (Bridgewater) - sold for 15% less than the list price 253 S Sunset Drive (Broadeway) - sold for 11% less than the list price 2965 Pin Oak Drive (Belmont Estates) - sold for 10% less than the list price 545 Tabb Court (Preston Heights) - sold for 10% less than the list price So, with average negotiations of 5.4%, what do you think? Where the four offers of 10%, 15%, 16% and 20% below asking price reasonable? Perhaps negotiations have to start somewhere! Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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