Over the last few months, recession seems to have made Gods out of buyers in the real estate world. Property owners were selling houses at throw away prices. Many of them were compelled to keep the prices low as they had to compete with the sale prices put up by banks for foreclosed properties. But now there seems to be a sign of relief for the home owners as reports of slackening bargaining power of customers are flowing in. According to Zillow, the Seattle-based real estate firm, the negotiating power of the customers seems to have become less intense- though only fractionally. In January this year property purchasers could bag deals at 4.5 % less than the listed price. Now they are able to negotiate only to 2.5 % of the listed price.
As the negotiating powers of buyers seem to be plummeting [...]
Tag Archive | "bargaining power"
How To Make Profitable Purchases With Weak Buyer Bargaining Power
Posted on 28 November 2009.
Posted in Real Estate0 Comments
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Carol@inthetrenches: I agree that the banking problem had become so out...
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