is the price on the houses is the final price?

Asked by Sscarrizales1987, Dallas, TX Thu Mar 1, 2012

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11
AV, , Dallas, TX
Thu Mar 1, 2012
All listing prices are negotiable. Get a good Realtor like Ron Thomas to represent you and start the negotiations as soon as you have a pre approval letter from your lender of choice unless you are paying cash.
2 votes
Ron Thomas, Agent, Fresno, CA
Thu Mar 1, 2012
LISTING PRICE
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.
2 votes
Roxanne DeBe…, Agent, Plano, TX
Thu Mar 1, 2012
Great Question! If the home is listed by a realtor then the seller was advised on the what homes of comparable comps were selling for in his neighborhood and surrounding areas. The seller can take the advise of the realtor and put the listing on based on their assessment. They may decide that they wish to put it on a little higher since to negoitate down to this price. They may also wish to put in under market value to get it sold quickly

Homes are all for sale through negotiation and that is what a great realtor can do for you. They can help you get a home at a fair price and protect you from paying at the top end of a price range. Let me know if I may be of any additional assistance.

Roxanne
1 vote
Anna M Brocco, Agent, Williston Park, NY
Thu Mar 1, 2012
Depends...In order to determine a fair offer review comps with your agent, recently sold similar properties in the immediate area, see what the data suggests and go from there. Keep in mind that if a property is listed on target, or slightly below multiple offers may and do occur
1 vote
BEN Klutts, Agent, ROCKWALL, TX
Thu Mar 1, 2012
The listing price is negotiable and we would love to help you achieve your dreams on the purchase of your next home!

Ben Klutts, Broker
Klutts Real Estate
972-965-8569
ben@kluttsrealestate.com
http://www.kluttsrealestate.com
1 vote
Chris Hutchi…, Agent, Hurst, TX
Thu Mar 1, 2012
Price is negotiable but it is only on factor in the deal. Sometimes there are terms that can make even a lower prices offer look more attractive than a higher one.

Getting the deal done is all in the details. Go to a pro and get professional advice. We do this ever day an can tell you where price matters more and where it doesn't.

Chris Hutchinson
REALTOR
Chris Hutchinson Real Estate
The Michael Group
972.809.0607
http://www.chrishutchinsonrealestate.com
1 vote
Dallas Texas, Agent, Dallas, TN
Thu Mar 1, 2012
a) What property address
b) Your Realtor should be providing you guidance and advice on how to submit a winning sales offer
c) No professional can render an opinion till home is comp'd with property tour

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
972-699-9111
http://www.lynn911.com
1 vote
Location DFW…, Agent, Dallas, TX
Thu Mar 1, 2012
Hello, I agree with the above the listing price is never final. I can do a CMA for you to help determine value. Give me a call 972-832-2755 I would be more than happy to assist you!

Thanks!
1 vote
Gerard Carney, Agent, Spring Hill, FL
Thu Mar 1, 2012
Prices are just starting points for negotiation. In strong markets many times the asking price may be out bid when there are several people interested in the home, in a bad market it is possible to negotiate a lower price depending on how desperate the owner is willing to sell.
0 votes
Bruce Lynn, Agent, Coppell, TX
Thu Mar 1, 2012
Most prices are negotiable, but occasionally you may have to pay the price or a higher price.
0 votes
Anne Bokalo, Agent, CANTON, TX
Thu Mar 1, 2012
Sometimes it is beause the seller wont budge until the house has been on the market for a while and there are no buyers, so it all depends but sometimes it's negotiable.
0 votes
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