I was recently asked....
How Flexible are prices?
Good Question. The official answer... the Property selling price is always subject to the negotiations between buyer and seller-- which is why I strongly suggest one of the best qualities you look for in an agent is good negotiation skills. That being said, it is hard to say for sure that you can get a specific percentage off with out consideration of things like seller motivation, remaining mortgage balance, and property condition. However, over all, our market statistics depict a market in which properties are selling at about 94-96% list price to value.
Keep in mind that your best “30-50 percent off coupon” in our market today is the interest rate at which you will get your mortgage. 5 years ago we were looking at 6-7% interest. Today were are seeing under 4% rates. In the long run, that my friend, is your ticket to a great deal!