The selling price Usually, but not always, a listed price includes some fluff. The seller wants to cover the expenses of selling the property, to recoup the initial purchase price and make a bit on the side. The seller knows how much was paid for the house originally. The only really flexible area is in how much profit the seller is willing to accept or, in some cases, how much of a loss to accept.
Several factors go into the seller's decision of what to accept as an offer.
A potential buyer should try to know as much about the seller's motivation in selling as possible because it will have a bearing on the offered price. This could be caused by a divorce, a job transfer or the house's having been on the market for a long time. In the month of September, homes in the Rockbridge area spent an average of 171 days on the market before selling. No one likes to juggle two mortgages at one time. If a seller is in that position, he or she may be ready to get out from under one of the mortgages and therefore willing to accept less than was originally planned.