The culture of the place where you grow up plays a great role in your method of purchasing commodities. There are places wherein people will only buy something for a price that is below the listed price, unless they are in a department store.
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Las Vegas Short Sales - Bargaining Below Listed Price (Part 1)
1. LAS VEGAS SHORT
SALES - BARGAINING
BELOW LISTED PRICE
(PART 1)
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2. LAS VEGAS SHORT SALES - BARGAINING
BELOW LISTED PRICE (PART 1)
The culture of the place where you grow up
plays a great role in your method of
purchasing commodities.
There are places wherein people will only buy
something for a price that is below the listed
price, unless they are in a department store.
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3. LAS VEGAS SHORT SALES - BARGAINING
BELOW LISTED PRICE (PART 1)
The same is true with real estate, and this is
one of the main problems that a lot of real
estate agents are experiencing.
In order to make our discussion easier, here
are some of the words that you will encounter
in this series:
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4. LAS VEGAS SHORT SALES - BARGAINING
BELOW LISTED PRICE (PART 1)
1.Listed Price - this is the price that was
listed for sale.
It is the amount that the owner of the house is
willing to receive in exchange for his property.
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5. LAS VEGAS SHORT SALES - BARGAINING
BELOW LISTED PRICE (PART 1)
2. Market Value - this is the real amount that
the property is worth.
Whether a property is being sold for less or
for more, the market value dictates the real
price of the property.
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6. LAS VEGAS SHORT SALES - BARGAINING
BELOW LISTED PRICE (PART 1)
3. Short Sale - this is a method wherein a
property is being sold for a price lower than
the amount that an owner has to pay for the
mortgage.
4. Price Offered - this is the amount that the
buyer is willing to pay in exchange for the
property that he wants to buy. It can either be
below or above the market value, which
depends on the situation of the buyer and the
seller.
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7. LAS VEGAS SHORT SALES - BARGAINING
BELOW LISTED PRICE (PART 1)
As I have mentioned above, there are people
who think that if they pay the full amount of
the listed price, they paid more.
This is the reason why they always bargain
with real estate agents and have a strong
stand not to pay for the property that has a
listed price the same or even lower than the
market price.
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8. LAS VEGAS SHORT SALES - BARGAINING
BELOW LISTED PRICE (PART 1)
For example, a property that is listed for
$100,000 has a market value of
$110,000, received a $90,000 dollar offer from
someone.
Their reason for offering a price $20,000
lower than the market price is that the price of
real estate will start to go down within 6
months, which is only based on myths
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9. LAS VEGAS SHORT SALES - BARGAINING
BELOW LISTED PRICE (PART 1)
Now, what makes things worse is that if they
pay $100,000 for the property, which has a
market value of $110,000, they feel that they
paid more than what they should.
The reason why real estate agents are not
following this trend, especially for short sales
is because if they do so, there won't be
market value.
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10. LAS VEGAS SHORT SALES - BARGAINING
BELOW LISTED PRICE (PART 1)
Everyone will simply be guessing the price
that they want, and everyone will be happy
when a deal happens to be all on their side;
the owner gets the price that he wants, the
buyer got the house for a price that he wanted
to pay, and the agent gets paid without having
problems in selling the property.
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11. LAS VEGAS SHORT SALES - BARGAINING
BELOW LISTED PRICE (PART 1)
Tood P. Miller is a Realtor that specialized in
Las Vegas Short Sales.
If you want to know more about his Las
Vegas Short Sales services, please visit his
site http://toddmillertv.com .
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12. LAS VEGAS SHORT SALES
- BARGAINING BELOW
LISTED PRICE (PART 1)
Brought to you by:
www.ToddMillerTV.com