Generally, the volume of real estate business went down in 2024, compared to 2023. Here at 4 Buyers Real Estate, we felt the shift. However, we kept doing what we do and had the second best economic year, ever, for the company.

The secret to our success is not a secret: We do our best for every household and many of them send their friends, family, coworkers, and other community members to us. We are grateful, every day, for the appreciation and trust that our clients have in us.

How much over asking price does a buyer need to spend to get a house in 2024?

That is a frequently asked question of would-be home buyers. It is a silly question, factually, because asking price is a made-up number created to best market the property. Some asking prices are well below what the property is worth (to create a bidding war). Some are well over what the property is worth (in hopes that some buyer will be wowed by the house).

Our job is to know the difference. Knowing the difference is about knowing the market. It is also about continuing to do a non-automated market analysis on properties that our clients are making offers on. Then we advise our clients to make an offer that is consistent with the property value.

Whenever we can, we help you get property for less than you would have paid for it, if it had been marketed better. That could be over asking or under asking.

    • A bid well below asking price needs to be based on value, or it will (justifiably) be rejected. We show our clients the range where a low offer should be accepted.
  • When there is a bidding war, we arm our clients with a top-dollar amount, so that they do not overpay, based on the property value.

 

Compared to asking price, how much more or less did our buyer’s pay, overall, in 2024?

  • $607,998 BELOW asking price
  • What was our total volume of sales in 2024?

$47,213,500

  • How many properties went below asking price?

26 out of 45

  • How many properties went above asking price?

18 out of 45

  • And one exactly at asking price.

About the house that a buyer paid the most below asking price, in 2024

  • Our clients paid $229,000 less than the $1,999,000 price tag.
  • The house closed in July. The offer was accepted May 26th.
  • The house was on the market for 58 days before this offer.
  • It was a 4-bedroom house with 3000+SF of living space above grade and a 900ish SF finished basement. Nice house. Just overpriced!

It’s been a good year for 4 Buyers Real Estate and our clients. Thank you!