BEST ANSWER
The sales price to list price ratio has been 91% over the last 12 months in Barrington. Keep in mind that this is just an average. Many buyers are only judging how good of a deal they got based on how much they are able to negotiate off of list price, but this is a flawed strategy since there's no assurance that the house was over priced or underpriced.
We've seen a number of buyers who have happily overpaid for their home only based on how much they got off of list price, while others have passed up great, great deals, just because the home's list price was already a fantastic deal.
Work with an agent who is an expert in the market you are looking in so you know exactly how good of a deal you are or are not getting.
Expect a good deal, negotiate hard and judge the quality of your deal based on market value...not list price.
Sun Jun 28 2009, 22:11