Tuesday, October 29, 2013

What are buyers willing to do for the House they want?

The Housing Market is picking up, however the inventory is still low!
If you have been thinking of selling your house this is the perfect time. 
You may just have the upper hand in the negotiation process!

Here is a look at what some buyers are willing to do when they find their perfect home

  • 25% of buyers are willing to pay 1-5% OVER asking price
  • 9% of buyers are willing to pay 6-10% OVER asking price
  • 4% of buyers are willing to pay 10+% OVER asking price

Other things buyers are willing to do:

  • 25% will pay the sellers closing costs
  • 17% write a personal letter to the seller
  • 8% are willing to remove all contingencies
  • 12% are willing to ask family & friends to borrow money so they can have 20% down payment
  • 5% are willing to ask family & friends to borrow money so they can offer a full cash payment

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