Coldwell Banker Relocation Team

When a home is listed for sale in this market, what will it likely sell for? This is an important question for sellers and buyers. Sellers need to know what they will net from a sale so they can plan for their next purchase. Buyers need to know what they will likely have to pay for a house.

A few years ago, an offer 10% below list price was a terrible insult and would likely anger the seller. In the current economic climate, it's common to see homes sell for 10% less than list price.

Over the next week or so, I'll present a series of entries on the "list-to-sale" ratio. That is, what is a home likely to sell for compared to its list price.

Of course there are many factors that influence sale prices: location (area of the country, in town or out of town), quality of the list price (how realistic the price is for this market), price bracket (higher priced homes may be discounted more than lower priced homes), the desirability of the home, and a bit of luck (does the perfect buyer just happen to come along to buy the home).

Check back over the following days for list-to-sale entries.

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Useful Information About Bellingham Real Estate
by Tom DeRose