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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. How to negotiate your home purchase offer. Low-inventory is partly to blame.

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Market Data for Real Estate Helps Counter Low-Ball Offers

Home Junction

When it’s a buyer’s market, there are the reasonable buyers who might come in a little low on an offer. Then there are the extreme opportunistic buyers. Buyers who take an almost predatory approach with a ridiculous “take it or leave it” type of stance. 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. Step 3: Find a Real Estate Buyer’s Agent Who Knows REO Homes. During the appraisal, a licensed appraiser will take inventory of major systems (i.e.,