Market Conditions in 85375>Question Details

Rtjsleepyhol…, Home Buyer in Sun City West, AZ

What is the average % under the list in suncity west?

Asked by Rtjsleepyhollow, Sun City West, AZ Wed Jul 20, 2011

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Ron Thomas’ answer
before you get into DISCOUNTS, you must understand that there is absolutely no rhyme or reason for the determination of LISTING PRICES:

Some SELLERS will put a high Listing Price on their home, believing that people will make an offer, and they can always come down. In truth, people will bypass the home and look for something reasonable. And 6 months later, they will start to lower the price, chase the curve, and wonder why no one calls; the people now believe that something is wrong with the property.

Some Sellers will put a LOW price on it, hoping to attract multiple offers. (The correct strategy.)

Discuss this with your Realtor.

Good luck and may God bless
0 votes Thank Flag Link Wed Jul 20, 2011
I'm not in AZ, but I presume other agents will tell you the same thing -- It all depends! Why do you ask? If you're thinking about buying, then you need to contact a Realtor to work for you as a Buyer's Agent. He/she will be able to research properties that fit your criteria, and also research sold comps in the area -- which will give you an idea of how much under list price they sold for. This number can vary widely depending on the neighborhood, price, condition of the homes, etc.
0 votes Thank Flag Link Wed Jul 20, 2011
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