The Rule of 3rds: Negotiating Real Estate: www.NetOffer.com

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Uploaded by on Sep 15, 2007

http://class.netoffer.com. I have sold over 2,000 homes for clients during the last 4 years and have found that the Rule of 3rds can be relied upon as a guideline for the negotiation process.

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  • Well, there are lots of ways to look at things, and one is the Perfect World approach, as you have promoted. The Real World, if you look at MLS statistics, is that the average home sells for about 97.5% of List Price at the time of Sale. The Real World is also that Buyer do not feel that they have done their job unless they negotiate a discount. The Rule of Thirds does stand the Real World Test with over 2,000 Sales during the last 40 months.

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  • Typical average residential listing broker mentality. If real estate brokers actually understood real estate finance and valuation, then they wouldn't be brokers; they would be real estate investors.

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