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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 443
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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. Closing dates.

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

Housing Wire

The deal, which included the home the buyer wanted (priced in the $400,000’s) and the seller’s new home (priced in the $300,000’s) ended up being sold over their asking prices and costing the buyer $1 million over the original home’s listing price. . More for Real Estate Enthusiasts. How to negotiate your home purchase offer.

Buyers 450
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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. They feel insulted. It can get ugly.

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

Eppraisal

Contacting the Seller The first question a buyer must answer is whether the lot is listed for sale or not. For a property that is listed with a real estate broker, the prospective purchaser should retain an experienced buyer's real estate broker to facilitate negotiations with the seller's broker.

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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. They understand the specifics of the real estate market you're in and make decisions based on statistical data and visiting other nearby properties to make correct deductions.

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

PennyMac

What is a Real Estate Owned (REO) Property? REO, which stands for “Real Estate Owned,” is a term applied to foreclosed properties whose ownership has transferred to the bank or lender. REO properties are attractive to homebuyers or real estate investors for several reasons.