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Rainmaker
1,844,171
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Our market is only 3-4% off list on average. So that's room but not 'a lot' of room. 

Jul 11, 2016 09:27 PM
Rainmaker
1,771,867
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

A little but not near as much as there used to be.

Jul 11, 2016 02:07 PM
Ambassador
3,169,377
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Yes. Pretty much standard practice in our area.  Every now and then a home goes multiple and goes above list price, but typically there's some seller give during negotiations.

Jul 11, 2016 09:19 PM
Rainmaker
1,196,912
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Pricing is a science, I try to price right with very little room for negotiation. 

Jul 11, 2016 08:44 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Yes we need a little bit of negotiation room in our market.

Jul 11, 2016 02:26 PM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Only if I have to.  I like to get as close as I can to market value.  But I'm seeing places that are priced with room to negotiate, and some of these are selling for over asking in bidding wars.

Jul 11, 2016 01:54 PM
Rainmaker
2,443,250
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

No, we price them to sell.  prices and amenities can be negotiated.

Jul 11, 2016 01:08 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

pricing is not an exact science.... we price within the right range and pick the upper limits of that range for the list price.....

Jul 12, 2016 01:06 AM
Rainmaker
1,725,896
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

It is a subjective call based on so many varying factors. Sometimes, Yes, we do, other times, No.

Jul 12, 2016 12:55 AM
Rainmaker
2,220,323
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Absolutely

Jul 11, 2016 10:35 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

What Inna Ivchenko said...

Jul 11, 2016 09:54 PM
Rainmaker
911,228
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I try to price as close as possible to current market comps. Of course, with all listings there is the possibility of some negotiation.

Jul 11, 2016 08:29 PM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I'm usually against it. It is better to price right or a bit lower and get multiple offers than overprice and waste everyone's time. 

Jul 11, 2016 05:07 PM
Rainmaker
290,969
Allie Angeloni
Long Realty - Oro Valley, AZ

Yes, because more often than not, the discussion has come up as to what the 'take away' dollars will be, and what is needed by the Seller Debbie Reynolds 

Jul 11, 2016 04:20 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Debbie Reynolds - isn't that the universal truth?

They think like buyers when they are ready to sell the home!

Jul 11, 2016 04:08 PM
Rainmaker
1,239,801
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

When I get it price it sells more than highest. When the seller want to call the shot, I ask them to tune down the asking price.  This year all listings were sold over what the market can accept at or below listing high price.  Most are way over highest sold. The appraisers did not give me a bad time.

Jul 11, 2016 01:21 PM
Rainmaker
1,280,748
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Generally we leave room for negotiation.

Oct 12, 2016 02:39 AM
Rainmaker
979,496
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Debbie - More often than not sellers understand that buyers do not want to pay full list price when they buy a home, so there will be room for negotiation. However, it does depend on the market, as in a sellers market, the seller can oftentimes get more than list price.

Jul 14, 2016 05:31 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

yes

Jul 12, 2016 09:42 PM
Rainmaker
5,104,806
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

With just a little bit of room, but not much more than 3-4%.

Jul 12, 2016 08:33 AM
Rainmaker
1,502,848
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Most sellers understand that negotiation happens and will leave some wiggle room.  If they cannot, then they do not negotiate on price.

Jul 12, 2016 06:10 AM
Rainmaker
4,935,551
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I like to think I price it right to start with.

Jul 12, 2016 06:04 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Many try to do this only to find themselves at a loss.

Jul 12, 2016 04:21 AM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Between the two, the seller makes the final judgement to leave room for negotiations.

Jul 12, 2016 03:52 AM
Ambassador
3,344,906
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

We always have that discussion Debbie Reynolds - the market we have been in for some time now means multiple offers over asking price.  One such listing just sold $100,000 over asking.  There is always room for negotiation ... how much higher do you think the buyers will go?

Jul 12, 2016 01:31 AM
Rainmaker
5,215,548
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes, it is part of the art of selling!

Jul 12, 2016 12:50 AM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

My sellers attempt to, but I only give them 1 or 2 weeks as long as their price i sreasonable, then I take pricing control (it's in the contract to adjust the price every 2 weeks) or give the listing back to them

Jul 12, 2016 12:47 AM
Rainmaker
4,571,606
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I recommend a listing price range, the seller choses the price and obviously what he/she/they will accept.   

Jul 12, 2016 12:47 AM
Ambassador
3,587,835
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Depends on the market segment. Some area are hot and that's not what is needed. Other areas sellers think their homes are worth more than they are and they have a lot of room for negotiation,

Jul 11, 2016 11:57 PM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Debbie Reynolds As long as the price is within the range of the comps.

Jul 11, 2016 11:35 PM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

It is easier to go down vs up when listing a property has been rule of thumb.

Jul 11, 2016 11:28 PM
Rainmaker
2,781,013
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I go high & the other guy goes low? Those days are gone. Priced to sell rules!

Jul 11, 2016 11:20 PM
Ambassador
2,178,433
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Always did, but only a little bit.  Not so much it would be classified as overpriced.

Jul 11, 2016 11:04 PM
Rainmaker
7,835,234
Roy Kelley
Retired - Gaithersburg, MD

If the home will likely be sold with FHA and VA financing, sellers need to consider the payment of some of the closing costs.

Jul 11, 2016 10:27 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I always do and explain to me sellers why we need to build in an amount to negotiate. 

Jul 11, 2016 10:15 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

It is important for me to understand I work at the direction of those who hire me. My job is to make clear the consequesnces of the choices they make.

THEN is must determine if this situation has benefit for ALL parties involved.

 

Jul 11, 2016 09:20 PM