Buyers Can Finally Buy a House for Less than List Price (But Savvy Buyers Know When to Still Offer over Asking…)
By Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations
If you’re hoping to buy a home, you’ll be happy to hear that the average sale-to-list price has recently dropped below 100% for the first time since March 2021, according to this Money article. In other words, houses aren’t all selling for over asking price anymore, and you can negotiate a lower price than the owner is asking.That’s welcome news, and a silver lining to buyers who waited (or weren’t able) to buy a house in the recent market frenzy. While mortgage rates are higher, at least now you’re more able to successfully compete for a house, and even negotiate the price.But keep this in mind: there still aren’t a tremendous amount of listings coming on the market. So, even though you may have less competition, when a house comes on the market and it’s appealing to you, there’s a goo...