How Seller Motivation Affects Your Offer Price
Truthfully, it is rather rare that a sellerís motivation will dramatically
affect the price of a home, but it is often possible to save a few thousand
dollars. The most common "motivated seller" is someone who has
already bought his or her next home or is relocating to a new area. They will
be under the gun to sell the home quickly or face the prospect of making two
mortgage payments at the same time. Since that can drain a bank account
quickly, most sellers want to avoid such a situation and may be willing to give
up a few thousand dollars to avoid the possibility. Call Dale or Cathy for
North Carolina Horse Farms for sale.
There are also family
crises that can motivate a seller to make a quick deal. However, when you see a
real estate ad that mentions "divorce," "motivated seller,"
"relocation," or something to that affect, beware. Although the facts
may be true, that does not necessarily mean the seller is motivated to make a
quick and costly sale. Most likely, the ad is more designed to generate phone
calls and leads rather than sell the home.
Call Dale or Cathy for North Carolina Homes for sale.
However, there are times
when a seller is truly distressed, willing to make a quick sale and sacrifice
thousands of dollars. With the sellerís permission, the listing agent will post
this information along with the listing in the Multiple Listing Service. They
may also inform other agents during office and association marketing sessions
or by flyers sent to other real estate offices. Provided this information has
been made generally available to Realtors, your agent should know when a seller
is truly motivated and when it is just "puff" designed to elicit
interest in a property.
The exception is when an
agent is selling a home they have listed themselves or selling a home that was
listed by another agent from their own company. In such a situation, the agent
may be acting as an agent for the seller, or as a "dual agent,"
representing both you and the seller. In such a situation, they cannot legally
provide you with information that would give you an advantage over the seller.
This site was developed to
provide information on Pinehurst real estate including Pinehurst Golf
and Waterfront homes, Pinehurst condos, and Pinehurst and Southern Pines
Commercial real estate.
Please visit our other area
Real Estate websites:
Pinehurst Homes For Sale
NC Horse Farms
Pinehurst NC Real Estate
Fort Bragg Real Estate
Pinehurst Real Estate