Many home buyers ask us, “How much less than the asking price should I offer the sellers?”
If the market value is less than the seller's asking price, then the home buyer can usually be confident that a reasonable offer will be less than the asking price.
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.
Values vary from City to City and even from neighborhood to neighborhood in the same city! Before you make an offer, ask your agent to do a market study based on actual sales. Then, you can be confident you are not offering too much for your new home.
These charts show local market trends for #Claremont, #Upland, #Rancho-Cucamonga, #Fontana, #Riverside, #Chino, and #San-Bernardino
If the market value is less than the seller's asking price, then the home buyer can usually be confident that a reasonable offer will be less than the asking price.
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.
Values vary from City to City and even from neighborhood to neighborhood in the same city! Before you make an offer, ask your agent to do a market study based on actual sales. Then, you can be confident you are not offering too much for your new home.
These charts show local market trends for #Claremont, #Upland, #Rancho-Cucamonga, #Fontana, #Riverside, #Chino, and #San-Bernardino
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