When making an offer on what you hope to be your next Albuquerque home, where do you think the final accepted price will be?
Some areas differ in what is expected by a seller, and how the sellers may react to your offer. In some areas of the U.S. it is okay to make a 20% off list price offer…different areas, different expectations.
In the Albuquerque area, sellers will often drop their prices incrementally until they “find” the next buyer’s eyes. When found, that buyer usually steps up and produces an offer with expectations that it will result in an accepted offer. Over time that expectation has been that a home will close at approximately 97-98% of list price. This graph proves that scenario has been the expected result.
Keep this in mind when making an offer on your next Albuquerque home!
Linda DeVlieg Killman
Let me, an Albuquerque real estate broker, help you find your dream home or sell your current home - with a personalized marketing program set up for your needs and expectations. I want to be your first source for real estate information and I am the number one Internet real estate expert in Albuquerque. Specializing in all Albuquerque neighborhoods and the beautiful area of Chama Valley in Northern New Mexico. Contact me today to get started!
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