 |
What is VRM 29 - a real estate term? |
[Edit] |
[Edit] 
It actually stands for Value Range Marketing and the 'step' is #29. A new real estate selling technique has established levels or ranges by which a house is offered for sale. #29 is in a range of $209,900 to $239,900. If you see several properties listed for VRM #29 they are all offered at the range noted above. Sellers are willing to entertain offers between those two numbers. In a hot market, there may be competitive bidding which would push the offers to the higher range. If the market is slow, buyers would offer in the lower range. The lower number is generally presented as the lowest that a seller is willing to go.
First answer by Savemoney101. Last edit by Savemoney101. Contributor trust: 106 [recommend contributor]. Question popularity: 1 [recommend question]
|
Also see on Answers.com Research your answer: |
Can you answer other
questions about refinancing?
- Hardship letter to refinance and lower interest rate?
- If my name is on the deed but not on the loan can the person on the loan refiance without my signature?
- My brother has a loan on his house and my name is on just the deed can i find out if he has taken my name off the deed?
- What will the government do with the risky mortgages?
Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Loans > Mortgages > Home Equity and Refinancing > What is VRM 29 - a real estate term?
Our contributors said this page should be displayed for the questions below. (Where do these come from ) |
| If any of these are not a genuine rephrasing of the question, please help out and edit these alternates. |
What is vrm 38?
