Real Estate Tip – Room For Negotiation?
Most buyers share a common question when working with their real estate broker to bring an offer to the table. Buyers want to know, “Is there any room for negotiation in the asking price?” While it’s an important question to ask, brokers in various markets are likely to respond differently depending on the real estate conditions specific to their area. Buyers in the Breckenridge and Summit County market can expect to pay an average of 3-6%-off the current list price for a home. Buyers want to be careful to not to offend the seller by proposing an initial offer that is too low. Our local market is not saturated with inventory, and the majority of our sellers are not selling out of desperation. A largely discounted initial offer may be a turn off to the seller, making them less likely to welcome working with you. Sellers may have already reduced their home’s sale price to remain competitive and increase their likeliness of a sale. Or the home may be priced fai...