Priced To Sell
In today’s volatile market, buyers expect to get a great deal when then purchase a home. It’s almost as if they want to be rewarded for being brave and credit worthy. So how do you price your home so that it’s competitive enough to get buyers looking at it, but high enough to allow the negotiating room buyers need so they can assure themselves they purchased the home at a discount?
A while back I showed a home that had been reduced for a quick sale.
It was a great deal. The buyer I was working with loved the house and made an offer (90% of list price) on the home. The offer was rejected. When I asked if the buyer would have been happy with the purchase price if the home had originally been listed higher and he’d offered the current list price. The buyer admitted that buying the home at a discount was more important than finding the right house at the right price. He absolutely could not pay full list price for the home, even though the list price was below comparable homes.
It’s difficult for sellers to understand that some of the appreciation they’ve experienced over the last few years has been wiped out. But if a seller has owned for more than about 8 years, he still should have built up enough equity to be able to price well, leave a little
room for negotiation and walk away from the table with some profit.
Compare profits to what your stock portfolio or retirement is worth, and sellers in most parts of the country are still OK. Yes, there are areas in the country where sellers are upside down in their mortgages, but how many of these sellers have owned for more than 8 years?
So if you’re a seller with enough equity to negotiate, do so with grace and gratitude. Hopefully, you’ll get just a good a deal when you go to buy your next home!
About Jeff Safrin Jeff Safrin is affliated with F.C.Tucker /Advantage Realty, which is located in Valparaiso, IN. For further assistance please use the contact information located on the right.
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Local Information for Valparaiso, IN
Latitude: 41.476151 -- Longitude: -87.056919
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ZIP Codes for Valparaiso, Indiana
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46383 
46384 
46385 
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Area Code for Valparaiso, Indiana
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219
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Time zone for Valparaiso, Indiana
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CST
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Other Area Cities:
Hobart, IN
Lake Station, IN
Portage, IN
Valparaiso, IN
Michigan City, IN
Gary, IN
Merrillville, IN
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Established in 1836 as the county seat of Portersville, it was renamed to Valparaiso in 1837 after Valparaíso, Chile, near which the county's namesake David Porter battled in the War of 1812.[1] Until 1991 it was the terminal of Amtrak's Calumet commuter service.
The town's annual festival is the Popcorn Festival, held on the first Saturday after Labor Day. It honors Orville Redenbacher, a former resident who built a popcorn factory there. Redenbacher participated in most of the festival's parades until his death in 1995
The Taltree Arboretum and Gardens is worth a visit.
Valparaiso is featured in Valparaiso, a successful play by Don DeLillo.
Valparaiso's Banta neighborhood features many beautiful historic homes. Architectural designs include: Italianate, Arts & Crafts, and English/Cottswald.
The Memorial Opera House is a popular destination for musical theatre fans throughout the year.
The 49er Drive In, one of few remaining in the country, is located in Valparaiso.
-- Source: Wikipedia.com
Indiana 2000 Census Population Profile Map
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Valparaiso |
Indiana |
United States |
|---|
| Population |
27,428 |
6,080,485 |
281,421,906 |
|---|
| Median age |
32.7 |
35.2 |
35.3 |
|---|
| Median age for Male |
30.8 |
33.9 |
34 |
|---|
| Median age for Female |
34.8 |
36.5 |
36.5 |
|---|
| Households |
10,867 |
2,336,306 |
105,480,101 |
|---|
| Household population |
24,720 |
5,902,331 |
273,643,273 |
|---|
| Average household size |
2.27 |
2.53 |
2.59 |
|---|
| Families |
6,364 |
1,602,501 |
71,787,347 |
|---|
| Average family size |
2.93 |
3.05 |
3.14 |
|---|
| Housing units |
11,559 |
2,532,319 |
115,904,641 |
|---|
| Occupied units |
10,867 |
2,336,306 |
105,480,101 |
|---|
| Vacant units |
692 |
196,013 |
10,424,540 |
|---|
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Jeff Safrin
F.C.Tucker /Advantage Realty
P.O.Box 469
Valparaiso, IN 46384-0469
VOICE: 219-405-1232
FAX: 219-510-5005
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