A common question many homes buyers ask is, “How much less than the asking price should I offer the sellers?”
The quick answer is, “Offer the Market Value.”
In some areas, Sellers tend to price ahead of the market. In others, we find they are spot on, especially if they heed their agent’s advice. Agents use many factors to determine the Market Price. One factor is, “Are prices trending up or down?” Are local conditions having an effect on price trends?
To answer that, an agent needs to study the facts of the market place. It takes market experience to understand and interpret the figures. If you are thinking about buying or selling a home, ask your agent to explain these charts. Pricing blind in the market is an open invitation to either miss out on acquiring or selling your home.
These charts show local market trends for #Claremont, #Upland, #Rancho-Cucamonga, #Fontana, #Riverside, #Chino, and #San-Bernardino
The quick answer is, “Offer the Market Value.”
In some areas, Sellers tend to price ahead of the market. In others, we find they are spot on, especially if they heed their agent’s advice. Agents use many factors to determine the Market Price. One factor is, “Are prices trending up or down?” Are local conditions having an effect on price trends?
To answer that, an agent needs to study the facts of the market place. It takes market experience to understand and interpret the figures. If you are thinking about buying or selling a home, ask your agent to explain these charts. Pricing blind in the market is an open invitation to either miss out on acquiring or selling your home.
These charts show local market trends for #Claremont, #Upland, #Rancho-Cucamonga, #Fontana, #Riverside, #Chino, and #San-Bernardino
RSS Feed