Sale vs Listing Price Leelanau and Benzie Real Estate.com – Buyers Making Real Estate Offers

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.

Buyer's Real Estate offer
sale vs listing price

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.

Need help contact visit our website for more information.

https://www.leelanauandbenzierealestate.com

Real Estate Statistics for Sleeping Bear Dunes Area | Leelanau, Benzie and Grand Traverse for 2018

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.

https://www.leelanauandbenzierealestate.com  and go to MLS Search at top of page and scroll down to Market Stats

 

Holly Berry Arts & Craft Fair

Frankfort, Mi Arts and Craft Fair

Indoor Holiday Art Fair with over 100 artist. Santa and Mrs. Claus will be at Hotel Frankfort for the little ones.
Horse Drawn Carriage Rides and Tree Lighting in Rotary Park, come join in the fun.

231-352-7251

When/Where: Saturday Nov 26

Port City Arts & Crafts Fair

Frankfort, Michigan Arts and Crafts Fair

Formerly held in  Elberta, Mi now in Frankfort

Come and see all the artisan wares!  Always a great day of shopping.

former Elberta Craft Fair
July 16 10AM – 4PM

When/Where: Frankfort Market Square Park