Have you seen a realtor consistently overprice their home’s asking price only to be sold 10-30k lower? What’s the deal with that and if I offer at their asking price, and I screwing myself over?

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Do your own research on the actual value of the home. There’s always some cushion.

What’s the purchase price on those 10k-30k reductions?

Price ranges from 500-900k
About 80% of the sold portfolio have a 3-6% price reduction. I’ve never seen a selling agent with so many list/relistings

Often times a Realtor will suggest a list price, but the seller ultimately sets their own price coming on market. This is where a good buyers agent comes in. You should definitely do research on buyer agent candidates. There is a lot of trash out there, but an experienced agent specializing in your target area can be very useful during the process and can help with negotiations

Depends on market also. Hotter markets are going to see numerous offers above asking. Things have slowed down over the last two years but know the comps in area (have a good buyers agent to help you). Where are you located?

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