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Royal

Royal

Content Editor at Justprop.com.au, Sydney

How Much Should You Pay or Offer Below the Asking Price?

6Mo ago 0 Replies 167 Views
We all want to buy our house or our next investment property at the lowest price possible, or at least get good value for our money.You now know that the asking price quoted by the selling agent will usually be more than the owner is willing to take for their home.

Everybody knows that the asking price quoted by the agent will usually be more than the house owner is willing to take for their home.
It’s just part of the real estate market – they expect to come down in price as part of the negotiation process.

So how much do you offer?
If you ask the selling agent what price you should offer, you’re asking the wrong person.
The selling agent is paid by the seller to represent them and to get the best price possible.
Despite this we would still ask them what they would consider was a ‘fair offer’ and then ask them to justify it with a list of comparable sales.

You are probably thinking that the agent just wants to make a sale, and in most cases you are right.

In reality the agent doesn’t get paid unless a sale is made, so obviously he is keen to sell you the house.

Read complete article here.

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