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What to do when your buyer wants to make a lowball property offer

Housing Wire

What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? By definition, a lowball offer is an offer that is significantly below market value.

Buyers 456
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Homes are selling well over listing prices as buyers compete against each other

Housing Wire

But even though home prices are at record highs , buyers are still in the market. Not only are they shopping, but they’re putting down offers well over the listing price. A buyer in Austin, Texas paid $1 million over a home’s listing price. More for Real Estate Enthusiasts. Are you in the market for a home?

Buyers 476
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How to Conduct a Smooth Real Estate Transaction

McKissock

As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. Here are some tips on how to make the real estate transaction process as smooth as possible for you and your buyer clients. Making an offer. Constructing a real estate offer is an art.

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10 Real Estate Tips BEFORE You Sell Your Home

Raleigh Realty

Selling Your Home: 10 Real Estate Tips and Tricks When you bought your home, you likely felt a great deal of excitement, as well as some apprehension. For those that may want to try the for sale by owner route, it is important to remember that even the person who founded forsalebyowner.com used a Real Estate Agent.

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Market Data for Real Estate Helps Counter Low-Ball Offers

Home Junction

Market data for real estate can be a blessing when it comes to helping your listing clients respond to off-the-wall, low-ball offers. In one instance, you have sellers enjoying multiple offers on a property and achieving a nice percentage increase above their asking price. Then there are the extreme opportunistic buyers.

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Purchasing & Developing Land - Part 2 - The Process of Purchasing Land

Eppraisal

Once a suitable piece of vacant land becomes available, a prospective buyer must then determine what price is worth the acquisition. Contacting the Seller The first question a buyer must answer is whether the lot is listed for sale or not. Subsequently, the process of conveyance must proceed.

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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. What is a Real Estate Owned (REO) Property? REO properties are attractive to homebuyers or real estate investors for several reasons.