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Purchase Price |
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What % of the purchase price does a buyer usually pay? |
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The buyer pays the whole purchase price, usually with a cash down payment and money from a mortgage loan.
I think what you're asking about, though, is the listed price, the seller's asking price. And for that one there's no simple answer.
Every seller is different.
Some list well beyond what the place is really worth, figuring that way they'll have some bargaining room and can come down if they have to. Problem is, many buyers won't even bother to view the place then.
Some sellers hate dickering and ask a bargain price right at the start. They usually get a quick sale, or if their place is particularly appealing, may even have competing offers and end up receiving more than their asking price.
Real estate markets are very local, and for each one you can find an average discount from asking price for recent sales. But those don't really tell you much, because every transaction is different.
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Edith
Originally published on September 11, 2008 |
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