User 41893

Are Home Sellers' Price Expectations Really That Inflated?

This 'inflated' seller price as you say, is just part of the bargaining deal - do you find people really just take the list price of anything these days? It's a starting point where the potential buyer 'makes an offer' that is, offers something lower - how much lower is wiggle room, then the seller has room to come down in price, and still be satisfied with the end value on the transaction. This is a negotiation as old a dirt.. or sand as it may be. So duh, of course the 'asking' price is going to be 5-10% above the final bargaining out point. If you start low, the buyers will just try to screw you down lower than that. At least that's a pretty obvious scenario that's played out no matter what the market for houses, cars, you name it.