Seller discounts on offer in the US

Nearly half of home sellers in the US are offering discounts, anyone looking for Florida property will be interested to hear.

Research by ZipRealty highlighted that almost half of sellers are currently listing their properties for less than what they originally asked for, with the average price declining 7.1 per cent.

In August, 47 per cent of houses had at least one price reduction listing since first going on the market, up 3.26 per cent since July.

The average price reduction stood at USD 19,092, meaning there is real potential for investors to grab a bargain.

"It appears that homebuyers are taking their time as they don’t feel a sense of urgency to make an offer, unless the price is right, and sellers are having to aggressively cut their prices to stay competitive in this market," ZipRealty vice president Leslie Tyler said.

"We typically find if a buyer hasn't walked through the door in 30 to 45 days, a seller needs to lower their asking price. If a home hasn't had an offer in six months, it’s time to rethink the sale."

Last week, a report from the National Association of Realtors highlighted that Florida property is proving popular with UK buyers.
 

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