Sale vs Listing Price Leelanau and Benzie Real Estate.com – Buyers Making Real Estate Offers and what considerations go into the process.
Real Estate Buyers lets discuss an Offer and look at Sale vs Listing Price!
Buyers always ask “What should my offer be” Most of the time they want to low ball an offer to see what happens. Not a bad strategy however there are other considerations. Are there multiple offers? Does the property have a lot of interest? Property was just listed on the market? How badly do you want the property and willing to possibly lose a deal. Lots to consider. Homes which have a lot of issues or things that need to be fixed also plays a role. Homes needing work will be on the market for a while till the right buyer comes along. Maybe the home needs a lot of work but is a steal at the price. These things effect the timing and are a consideration when making an offer. The thing to remember is how will you feel knowing you missed out for only a few thousand dollars more? Your best and final offer should be what you are willing to pay and walk away if not accepted.
Here is an example of the current market. A graph showing what the listing price vs sale price. Take a look. Also note the time of year when sellers get the higher price. This does not mean you should wait to make an offer if you like something. Inventory is low and the opportunity could be lost.
What the graph shows is sale price is rarely 5% less than listing price, give or take a little. Graph doesn’t take into consideration any price reductions that may have occurred. Best time to buy is probably beginning and end of year if you want to pay less. What is available at that time and is it something your interested in. Is it time to make an offer?
Leelanau and Benzie Real Estate.com offering Real Estate Services to buyers looking to buy properties up North in the Grand Traverse, Leelanau and Benzie areas. My hope is you found this blog interesting and informative.
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Looking for Real Estate Market Statistics in the Sleeping Bear Dunes Area? We are here to help let us know what you need. We have put together the 2018 Stats for the 3 counties for your convenience. An added bonus is the sold and prices for waterfront in Leelanau, Glen Lake and Lake Michigan…Feel free to request the info for any area or lake.
Leelanau and Benzie Real Estate.com Servicing the Sleeping Bear Community.
• Coming Soon to Market “small Cabin of no value” – $0. Near 2317 A of State Land
2318 N. Haze Rd. Beulah, MI Near Honor Village, Benzie County – Coming Soon, 10A Parcel Vacant Land Small cabin with electricity has no value. Not Safe 10 A of Hardwoods with over 2000 A of State Land Near by as well as Snowmobile Trails, and Platte River Access. Approx 1/2 hour from the Sleeping Bear Dunes National Park. 1/2 hr to Traverse City
Price to be determined
Parade, Art in the Park, Sand Castle Sculpture Contest, Carnival and Fireworks (appox 10:30) and the Annual Medallion Hunt
On 7/1 at 9am the Chamber will post the first clue for the hunt. A new clue will be posted each morning until the Medallion is found.
Crystal Lake Waterfront Properties : One of the areas premier lakes with gorgeous pristine blue water!
The market is hot with an all time high on sales in the area. Only those ready and willing to buy are getting the deal to happen. Timing matters in this market. Be the first to know. Check out this link and sign up for notifications so you don’t miss a thing. Crystal lake is one of the lakes where the inventory is good. Market is turning to a Sellers market in the area. If serious get ready and set up a showing. Now is the time to have all your ducks in a row so you can make your move!