Jesse&cindy…, Home Buyer in Pensacola, FL

Your prices dont match is it $110000 or $100000 ??????

Asked by Jesse&cindy Mayes, Pensacola, FL Fri Nov 16, 2012

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The best way to make sure that you, as a consumer, have the correct information on a listing, be it price, size of the home, or any other pertinent information about the property is to contact a local area expert, such as me. A Realtor, working for you as a buyer’s agent, can provide you with the most accurate information and help guide you to other experts in the home buying field. I can help you find the right title company and lender. I would suggest finding a Realtor that you are comfortable with and trust. If you work with the right person, the home buying experience can be a great one, full of excitement and a wonderful opportunity to learn new tools to help with future investing. Now is a great time to invest in real estate. Interest rates, as well as home prices are low. It's a buyer’s market, so let me help you navigate a path to a diverse portfolio with bountiful real estate investments.

Keven Ard
Broker Associate
Realty Masters of Florida
4400 Bayou Blvd. Suite 58
Pensacola, Fl. 32503
Office 850-473-3983
Direct 850-304-5236

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1 vote Thank Flag Link Sat Nov 17, 2012
It's 100k, it was 110k. Can I help you with it?
1 vote Thank Flag Link Fri Nov 16, 2012
Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.
Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called “chasing the curve”) and Buyers will be asking the question; “What’s wrong with that house?” and “Why has it been on the Market so long?”
Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; “Aren’t you obligated to sell at this price if someone offers it?” The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)
Different Banks have different philosophies about pricing their properties: You cannot draw any conclusions without a good analysis.
Have your Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. It is the surest way to determine the Market Value of the property.
0 votes Thank Flag Link Sat Nov 17, 2012
To clarify Bob is saying the price was $110000. The sellers then reduced the price to $100000. Keven you hit the nail on the head. Well said.
0 votes Thank Flag Link Sat Nov 17, 2012
yes that is wrong match of that price that is 110k in not equal to 100k.
0 votes Thank Flag Link Sat Nov 17, 2012
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