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Sr. Loan Officer
Crosscountry Mortgage Inc.
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Sales price is the price the home ACTUALLY SOLD for!
Think of the list price for a home the same as the sticker price on a car. Most homes these days sale for full sticker price, but in some cases the sales price and be less or even MORE than the sticker price.
Kawain Payne, Realtor
Prudential California Reaty
On the other hand, there have been and still are some very high list prices (higher than the current market value) that are being a little stagnant on the market and still not selling.
The bottom line is that list prices are just the first thing that buyers see; when it sells, the price is most likely either going to be higher or lower.
It's not rocket science that lower list prices tend to attract more buyers and higher list prices tend to do the opposite.
So, many are listing lower and rejecting the lower offers and taking the last and highest standing offer.
Sales price is the actual price the property is sold for. It is the xxx amount or consideration the buyer and the seller has mutually agreed upon in exchange for the property to be conveyed at closing.
I hope this helps.