Mike’s Real Estate Show

Take my offer—please! Offers at 10% below the asking price in this market is the NORM (unless it’s a hyped REO listing–see other posts for this)if not much more! If you’re in a declining market area (like California!) you’re going to get the appraisal price reduced by 5-10% at least! Plus, most of the appraisers are under the gun to reel in all those ridiculous appraisals of the 2001-2005 time frames so they are arch conservatives when it comes to giving valuation.
Lastly, your Realtor/licensee can ask for expense reimbursement and cancellation fees, etc in the initial contract. You don’t need a “clause” to do this. Two parties can agree for split any marketing fees if they wish. Unfortunately you are one of thousands of Sellers who feel their home is worth more than the next guys! And as you wait for your buyer the market is evaporating before your very eyes as is your EQUITY!