Some people love a bargain. I mean, they love the idea of getting more than they’re paying for almost more than the gratification of the purchase itself! And the internet era has encouraged this. There’s a whole consumer segment of folks, myself included, who never make a purchase online without first running a Google search to find a promo or coupon code, or to check to see if the item is available elsewhere for less. The problem is that this mentality simply does not apply to a real-time auction atmosphere marketplace like real estate. In other words, real estate is not retail. Homes are not commodities as interchangeable as shirts or shoes, and there’s no such thing as a guaranteed “Buy It Now” price. In fact, the list price is often more like the starting price in a multiple offer situation, like those that are so common right now. Plus, home sale transactions are much more complex, and involve many interrelated terms that impact the price to which a seller might agree; cash offers can often close faster and at a discount compared to lender- or seller-financed offers.
Posted on: Tue, 12 Aug 2014 22:13:59 +0000
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