As I reviewed our data base recently to send out Holiday Cards (yes, I still take time to hand write peoples names in each one of several hundred of them and add a note sometimes too :)
I came across an address of an expired listing in Northwest Indiana of over a year ago that had an offer, but did not sell because the sellers wanted to wait for a better offer.
As I cross referenced the Multiple Listing Service History on this property
I saw that it did finally sell for tens of thousands of dollars less than the offer presented some 700 days earlier!
Combine this dramatic drop in price with paying Indiana Property tax for 2 years, Nipsco Utility bills over 2 brutal Indiana winters, maintenance and up keep, not to mention MORTGAGE payments.
There was a substantial amount of money put into the property as well combined with thousands $ off list price!
So you want to wait for a better offer on your Northwest Indiana Home?
When the supply of homes exceeds the demand (less buyers shopping, more homes to chose from),
sometimes it's better to work with the offer you have on the table to negotiate to a mutual agreement, then to risk economic changes in the market and wait.
Buyers are savvy - in this market, there are short sale or foreclosed homes as competition.
These properties more likely to get multiple offers nowadays.
So, if you are thinking of selling your Northwest Indiana Property, there are some things to keep in mind when you receive an offer->
Factors that will not influence the value your Northwest Indiana Home
The STATS on home values and other factors are THE MOST Important to consider when accepting, rejecting or countering any offer.
Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Sports, Events, attractions & more.
Sincerely,
Jeff & Grace Safrin, Broker / Owners
F.C.Tucker 1st Team Real Estate
13 Lincolnway Suite # 203
Valparaiso, IN 46383
Office # 219-309-9930
serving Lake, Porter, La Porte, Jasper, Newton & Starke Counties in NW Indiana
Independently Owned & Operated
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