Major Factors Influencing Your Offer Price
it is rather rare that a seller’s 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.
there are times when a seller is truly distressed, willing to make a
quick sale and sacrifice thousands of dollars in the process. With the seller’s
permission, the listing agent will post this information on the
listing remarks within the Multiple Listing Service. They may also inform other
agents during office meetings 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 high interest volume in a property.
is when an agent has procured a buyer for a home that 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 representing both the seller as well as the buyer,
or as a "dual agent." In such a
situation, they cannot legally provide you with the type of information that would
give you an advantage over the seller.