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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 431
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Homes are selling well over listing prices as buyers compete against each other

Housing Wire

In case you didn’t know, we’re living in a seller’s market. 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. Listing prices?

Buyers 450
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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. Competing with other 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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Appraisals 101: What to Expect From the Home Appraisal Process

Raleigh Realty

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. As a buyer, you're entitled to a copy of your appraisal report promptly and no later than three days before your closing date. Finding that rare all-cash offer isn't easy.

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Market Data for Real Estate Helps Counter Low-Ball Offers

Home Junction

In one instance, you have sellers enjoying multiple offers on a property and achieving a nice percentage increase above their asking price. It is during those times that homeowners will really come to depend on their agent for assistance. Then there are the extreme opportunistic buyers. A low-ball offer comes in.

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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. Real estate agent: A real estate agent will be able to find REO offerings from multiple lenders in your desired area.