There are no stupid questions

2007 Hoboken condos sold over $1 Million 23
2007 Hoboken conods currently for sale 19

We've all heard somewhere along the line that there are no stupid questions. wrong. This week I am going to cover the 5 stupidest questions a buyer can ask a realtor. Million dollar buyers may be the worst offenders.

#5

How much did the seller pay for the home?

The reason a buyer is asking is to understand if he can low ball and does the seller has enough equity to come out even or with a profit. I argue that it makes absolutely no difference what the seller paid. Either they will sell at a price or they won't. The seller is looking for the most money not a reasonable profit. The market will dictate the selling price, not what the seller paid.

Now there are areas where this question is valid. Just not for Hoboken real estate. Instead try Naples Florida. If the seller doesn't have enough equity to get out without coming up with a lot of money out of pocket at the close, the seller will have to ride it out.

btw: you can still ask me. I will look it up and tell you and you will have a meaningless data point.