Do people tend to pay list price or bid lower?

[matt_in_nh]

It is a market, why not try and find the best deal. I offer what I am willing to pay, not what an agent says the market is. You will get a lot of agents saying everything sells for close tot he asking but I ignore that. The ROFR thread is a good start for what people agree to terms for, use that as a guide.

 

[nedlanders]

I use this page: https://or.occompt.com/recorder/eagleweb/docSearch.jsp

I type in my date range. Then I click on the Advanced tab. Under Legal Remarks, I enter the resort I am targeting. This pulls up the contracts that have closed within those dates.

Keep in mind that these are about 30 days behind what is actually happening in the market, but you will see the highs and lows of what people are paying and perhaps a pricing trend. Sometimes, people get great deals and sometimes, people pay way, way too much.

But it shows that there are great deals out there, you just have to be patient and then act quickly when "your deal" pops up. I found "my deals" first thing in the morning, I put my full price offer in before 8am and the listings were removed from the broker's page within a few hours of that.

Wow! Thanks for the detail, @minniesfriend! I assume you have a spreadsheet that helps to decipher sales price from transfer tax paid.

 

[minniesfriend]

Wow! Thanks for the detail, @minniesfriend! I assume you have a spreadsheet that helps to decipher sales price from transfer tax paid.

nope

 

[MagicDVC]

I always bid lower and try to counter to somewhere in the middle. We did counter to a little above market since the contract had double points. I usually look at the ROFR to gauge where the market is at and go from there. I’d only offer list price if it was a terrific deal or a unicorn contract.

 

[MicheyMouse]

I wonder how often closing costs are shifted to the seller even partially.