Randy and Ronnie's Blog

So far for 2011 properly priced properties here in Folly Beach SC have been selling for 92.4% of their list price. The average selling price range for FHA, Conventional and Cash purchases has been in the range of 89.97% - $94.25%. So based on these statistics you should expect your purchase price to be approximately $449,850 - $471,250 on a property listed at $500,000, if it is properly priced. Knowing the expected purchase price range can be very helpful in deciding upon your initial offer. I know everyone is looking for the best deal available but please try to make a realistic initial offer. When an offer is too low you sometimes lose the opportunity to negotiate, as the seller refuses to counter offer. The seller is sometimes less receptive to any future offers you submit as well. So with this information you should be able to decide upon a reasonable initial offer. Also keep in mind if the list price of a property has been aggressively priced you may sometimes expect to pay a considerably higher percentage (sometimes even above the list price).

For more information on Folly Beach SC Real Estate for sale, just contact Randy Winks or Ronnie Winks your Folly Beach Realtors. Check out our blog “Best Deals At The Beach This Week” at www.randyandronnie.com/BestDeals or www.follybeachrealtors.com or www.randywinks.com .

** Statistics based on the period Jan. 1st – May 8^th 2011 **