Real estate poll results: The price you'd offer
You homebuyers out there keep telling me that typical asking prices are too high. How, I wondered, does this affect your sense of the way contract negotiations ought to go?
Thus the most recent Wonk poll, which asked if you expect sellers to decrease the price when you're negotiating.
Here are your answers, as of right now:
Half of you said yes, you do expect it. (You're equally split between those expecting a big decrease and those expecting a modest decrease.)
Twenty-eight percent said it depends on the price of the house.
Seventeen percent said you look for homes you think are fairly priced to begin with.
Three percent of you don't expect a price drop but do want other concessions.
And one of you offered your own answer: "No, I don't think sellers have room to move down."
Thanks for playing, folks.
Stay tuned for the next poll, which will give sellers an opportunity to weigh in. And while you're waiting, why not comment below: Are sellers best off asking for a fair price to start with -- neither above nor below market value -- or is the lesson of today's poll that many buyers always expect a price drop no matter what?