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Updated over 7 years ago on . Most recent reply

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64
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Joseph Pugliese
  • Real Estate Agent
  • Staten Island, NY
21
Votes |
64
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Seller might be asking little to much from Buyers ...

Joseph Pugliese
  • Real Estate Agent
  • Staten Island, NY
Posted

In my area, for sure  its a seller market , but I am seeing seller just push it to the limit with asking prices , wanting full ask and no negotiations on pricing . 

whats your opinion..

Most Popular Reply

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Charlie MacPherson
  • China, ME
4,013
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3,412
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Charlie MacPherson
  • China, ME
Replied

@Joseph Pugliese If those properties are selling at their inflated asking prices, then the seller's tactics are working as planned.  That's just an indication of how hot some markets are.

I'm helping another BP'er sell a house right now.  It's in a white hot market, just south of Boston.

We intentionally listed $25,000 under value to instigate a bidding war.  It worked - 7 offers and we ended up at $49,600 over asking price and I got the high bidder to waive the home inspection contingency.

That said, I hate being on the buyer's side in these situations, but it comes with the territory. 

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