Quote:
Originally Posted by Galakanokis
Quick question.
If I see a house listed for $450 what's a general below sale price? I am assuming things are going for less than asking at the moment.
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A number of things will determine what the selling price ends up being. Typically I will perform my own market assessment on the property if a client is interested in writing an offer. Knowing its true value vs the asking price will help us determine what we are going to offer / what the buyer is willing to pay.
That said, 98% is a pretty standard number right now. $450,000 - 98% of the asking price would be $9,000 off.