When Selling You Must Know The Market

A few months ago I listed a small home in Bradenton for $200,000. It was a cute home in a nice established neighborhood.

I explained to the Seller that we would know if the price was right but the number of showings and feedback from buyers.

We had a lot of showings!

We also received about 5 offers all around $185,000. Each offer was rejected by the seller, against my advice. (I always counsel that we should, at least, make a counter-offer).

This was a difficult seller and I ended up terminating the listing.

I see the home listed in the MLS now with another agent for $189,900. Since the market has declined significantly, I'm wondering if even $185,000 is possible today.

In this Buyer's market, most sellers are praying for at least ONE offer.

POINT: If you receive multiple offers all around the same price, that IS the market value for your property. Don't blow it.
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I'm Dan Forbes and I want to be your Realtor and resource for all your Bradenton Real Estate needs.