article thumbnail

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

Housing Wire

Let’s talk about lowball offers. 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? So do buyer’s credit scores , ratios and down payment funds.

Buyers 407
article thumbnail

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 446
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

5 Tips to Sell Your Home for the Most Money This Fall

Lamacchia Realty

Motivated sellers attract motivated buyers. In addition, if you do receive an offer in the first week that is less than you hoped, think twice before you deny it. There is always room to counter-offer and negotiate. Seller Resources. Add warming candles, pleasing aromas, or fall baked goods. Read More ».

article thumbnail

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. 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.