The Weekly Poll: How far down do you think sellers will go?

The weekly poll is driving a hard bargain. Go help it with negotiations.

This week’s topic is one I asked about around this time last year, and which is, unfortunately, still a pretty relevant topic in this buyers’ market: how much less than listing price you think the average seller is willing to take to sell their home? In this market it seems that no matter how close to market value you list a property, there are always buyers are going to offer a lot less and have no intention of winding up anywhere near to asking price. While some of these offers are ambitious, others are just downright delusional. And if everyone is lowballing, that makes pricing a listing even more challenging. If you price it too high, it won’t show. But if you price it at or below market, you’ve lost your “lowball” wiggle room. It’s a conundrum.

So I’m curious about what you think. How much less than list price do you think the average seller will accept in this market? Just a little or do you think most sellers have padded their prices by a hefty percentage?  Cast your vote and let me know.

RESULTS:

How far below asking price do you think think the average home seller is willing to go?

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photo credit: woodleywonderworks

Tags: Buyers, listings, lowball offers, negotiating, Offers, Sellers, Weekly Poll

Author: Suzy

Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.