real-estate-negotiating

Here’s a question. Should real estate agents provide an “Irrational asking price index”? This would be an index that represents the difference between what a seller hoped that they would get for their home, and what they actually obtained after months of price reductions. If you’re a seller perhaps a better name would be the “Disappointment Index”

The folks at Redfin have provided us a chart where buyers are currently obtaining the largest discounts off the asking price.

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Updated:  1st Q 2018

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