If you're like most homebuyers, you have two primary considerations in mind when you start looking for a home. First, you want to find the home that perfectly meets your needs and desires, and secondly, you want to purchase this home for the lowest possible price.

When you analyze those successful home buyers who have been able to purchase the home they want for thousands of dollars below a seller's asking price, some common denominators emerge. While the negotiating skills of your agent are important, there are three additional key factors that must come into play long before you ever submit an offer.

This topic has been the subject of extensive analysis by Industry Experts, and a summary of their findings, and a specific step-by-step purchase plan for homebuyers, can be found in a new special report called "Homebuyers: How to Save Thousands of Dollars When You Buy".

This free report which you can find below, outlines the psychology of how a seller sets their asking price, and gives you 3 simple steps to follow, before you even set foot in a seller's home, which could help you to successfully slash thousands of dollars off the price of the home you want.

SPECIAL REPORT
 

How Sellers Set Their Asking Price
 

For you to understand how much to offer for a home you’re interested in, it’s important for you to know how sellers price their homes. Here are 4 common strategies you’ll start to recognize when you begin to view homes:


1. Clearly Overpriced:

Every seller wants to realize the most amount of money they can for their home, and real estate agents know this. If more than one agent is competing for the listing, an easy way to win the battle is to overinflate the value of the home. This is done far too often, with many homes that are priced 10-20% over their true market value. This is not in the best interest, because in most cases the market won’t be fooled. As a result, the home could languish on the market for months, leaving it with a couple of important drawbacks:

• the home is likely to be labeled as a “troubled” house by other agents, leading to a lower than fair market price when an offer is finally made

• the sellers have been greatly inconvenienced with having to constantly have their home in “showing” condition… for nothing. These homes often expire off the market, forcing the sellers to go through the listing process all over again.


2. Somewhat Overpriced:

About 3/4 of the homes on the market are 5-10% overpriced. These homes will also sit on the market longer than they should. There is usually one of two factors at play here: either the sellers believe in their heart that their home is really worth this much despite what the market has indicated (afterall, there’s a lot of emotion caught up in this issue), OR they’ve left some room for negotiating. Either way, this strategy will cost them, both in terms of time on the market and ultimate price received


3. Priced Correctly at Market Value

Some sellers understand that real estate is part of the capitalistic system of supply and demand and will carefully and realistically price their homes based on a thorough analysis of other homes on the market. These competitively priced homes usually sell within a reasonable time-frame and very close to the asking price.


4. Priced Below the Fair Market Value

Some sellers are motivated by a quick sale. These homes attract multiple offers and sell fast — usually in a few days — at, or above, the asking price.
 

Now that you know the 4 common strategies sellers use to price their homes, you'll next want to get the rest of the special report and find out the steps you should take to save thousands when you buy.

To order  your very own copy of the report, "Homebuyers: How to Save Thousands of Dollars When You Buy."  visit www.briankondoteam.com/savethousands


 

Get your free special report NOW to find out how you can save thousands of dollars when you buy a home.

Thank you for reading today’s BLOG!



 
 

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