A written report of the transactions in the neighborhood to identify similar properties that have recently sold, that are currently on the market and that have expired their listing time without selling to determine a realistic price for the subject property.
Buyers Methodology
Buyers decide what to purchase by
If your property is overpriced, it may actually be used to make competing listings seem more attractive. To begin the negotiating process you must have interested buyers. If a property is over-priced, the number of people who will see the property is reduced and the likelihood of an acceptable offer is also reduced.
| Asking price in relationship to fair market value | % of Prospective Purchasers who will look at the property |
|---|---|
| +10% | 2% |
| +5% | 30% |
| Fair Market Value | 60% |
| -5% | 80% |
| -10% | 92% |
Seller Orientation Menu
Information herein believed to be accurate but not warranted.
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