If you take care to price your home correctly — that is, at a price that is in line with what similar properties in the area have sold for recently — then you have a good chance of selling it at or near your asking price.  

That doesn’t mean you won’t get a low-ball offer. You might. So what do you do when that happens? 

First, understand that the buyer may not necessarily be trying to steal away your home at a bargain-basement price. He might simply be mistaken about its true market value. Of course, he might also be coming in at a low price in the hopes he’ll get lucky.  

You may never actually know the buyer’s motives. So it would be a mistake to get angry or dismiss the offer out-of-hand. That low-ball offer might end up being the beginning…

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Active: 5289

Sold: 1637

Average List Price: $477,807

Average Sale Price: $465,598

Average Days on Market: 40 Days

The absorption rate is at 3.23% meaning we are in a balanced market. 31% of homes on the market today are expected to sell within the next 30 days and sellers are receiving 97% of asking price.

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Active: 357

Sold: 134

Average List Price: $387,996

Average Sale Price: $379,239

Average Days on Market: 42 Days

The absorption rate is at 2.66% meaning we are still in a balanced market. 38% of homes on the market today are expected to sell within the next 30 days and sellers are receiving 98% of asking price. 

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