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.
Acreage for Sale in Cedar, MI . A quality 40 A Hunting and recreation Parcel with natural wildlife habitat with creeks running through it. Located about a mile outside of the village of Cedar. Perc Test has NOT been Done.
Little Traverse Lake Waterfront Property for Sale -00 W. Traverse Lake Rd. Take a look at our movie of the property and see this opportunity for yourself! Located in Beautiful Leelanau County home to the Sleeping Bear National Lakeshore. A perfect location between Leland and Glen Arbor. This property boost fabulous water views and views of Sugar Loaf Mountain. Enjoy a lifetime of outdoor adventures and relax every morning and night watching the sun rise and set! 198 ft of frontage and a dept of approx 265 ft. The park land is across the road and you can pick up on the Sleeping Bear Heritage Trail, bike, walk or cross county ski along the shores of Lake Michigan. The Trail runs from Empire to the South to Good Harbor Beach to the North with plenty of scenery along the way. Are you ready to build your dream cottage or home? Check out www.lttraverselk.com for more information. https://youtu.be/tzVxQwRUJm4
• lot / land – $89,900. Great Price for 4A MLS® #1807321
Glen Arbor Township, Leelanau County – Majestic Tress landscape the property which is an excellent location on the road that runs along the East side of Glen Lake.
Location is great with only minutes to Glen Arbor Village and it’s amenities. Enjoy all that the National Park offers, hiking, kayaking, fishing, canoe trips down the Crystal river, Hop on the Heritage Bike trail or go swimming in Beautiful Glen Lake with access down the road. Lake Michigan access in and around the area of the National Park too! Approx 25 mins to Traverse City.
GMA voted Sleeping Bear Dunes National Lakeshore one of the most Beautiful Places in America. Enjoy the endless vacation in this recreational paradise.