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Pricing >If the Price Is Not Right

A real estate agent has shown you a house that you like a lot. There is only one problem--the price seems too high. In a situation like this, you can still make an offer that you feel is appropriate.

The real estate agent cannot tell you how much to offer, but he or she can give you information about the selling prices of similar homes in the area. The agent will present your offer to the sellers. They have three choices--they can accept, reject, or counter your offer.

If the house is a new listing, or if your offer is very low, they may decide to hold out for something better. Sellers frequently build a little negotiating room into their asking price. Prices that are not negotiable at the beginning of a listing period may become flexible as time goes on. If you want to test the sellers' flexibility, make them an offer.

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Q	What are considered the ideal conditions for a buyer's market?
A	In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices.
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Marion Digre, REALTOR®, real estate agent and broker for Oak Park Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Marion Digre
RE/MAX In The Village, Realtors
189 S. Oak Park Ave
Oak Park, IL 60302
708-386-1400 ext.111
Fax: 708-386-4328
Email: oakparkhome@NUMBER1EXPERT.com
Marion Digre is an experienced professional with an amazing track record of happy, satisfied clients. Between 70 - 80% of her business is done with repeat clients and referrals from those clients. She has been a consistent multi-million dollar producer every year she has been in the real estate business. Call or email her today!

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