'But, This is All I Want to Pay for a House'
By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
A house is only worth what a ready, willing and able buyer will pay for it. Some buyers are throwing out low ball offers, and hoping they will stick; that they'll get a seller to take their price. And, sometimes they do. Turnabout is fair play. At the peak of the market in 2005-2006, sellers were naming their outrageous price, and selling their homes within days for top dollar, often above asking price, AS IS, agreeing to do no repairs. So, now buyers have shifted gears due to the drop in the market values. However, it can be quite a contrast between what a buyer is willing to pay and what the current market value of a property is. 'But, this is all I want to pay for a house.' I understand the sentiment. A buyer wants to purchase a house within their budget. However, that does no...
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