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Real Estate Tip – Room For Negotiation?

Posted by Breckenridge Associates Real Estate on Monday, October 8th, 2012 at 2:45pm.

Most buyers share a common question when working with their real estate broker to bring an offer to the table. Buyers want to know, “Is there any room for negotiation in the asking price?” While it’s an important question to ask, brokers in various markets are likely to respond differently depending on the real estate conditions specific to their area.

Buyers in the Breckenridge and Summit County market can expect to pay an average of 3-6%-off the current list price for a home. Buyers want to be careful to not to offend the seller by proposing an initial offer that is too low. Our local market is not saturated with inventory, and the majority of our sellers are not selling out of desperation. A largely discounted initial offer may be a turn off to the seller, making them less likely to welcome working with you.

Sellers may have already reduced their home’s sale price to remain competitive and increase their likeliness of a sale. Or the home may be priced fairly to begin with. Buyers can work with our brokers to review the comps in the area or neighborhood to determine and advise on the offer price of their desired home.

Are you considering buying or selling a home in Breckenridge? Work with our “Home Town Team” at Breckenridge Associates Real Estate. We are all seasoned locals, who know the market inside and out. We will help guide you through the buying or sales process in Breckenridge, Summit County or Park County. 

Please contact your Broker at Breckenridge Associates Real Estate to learn more about the incredible opportunities available today in Breckenridge and Summit County, Colorado. 800.774.7970 or 970.453.2200. Click here for the latest news about Breckenridge Real Estate.

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