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Market Data for Real Estate Helps Counter Low-Ball Offers

Home Junction

In most cases, the smart thing to do is come back with a counter-offer, even if it is a small reduction. That’s also the time to present your market data and the comparables you have found that justify the seller’s asking price. Or they forget how homes values in different neighborhoods can vary.

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

PennyMac

HVAC, plumbing), the structural integrity of the home, and check the prices of comparable homes in the area. Note: An appraisal, which tries to estimate true home value, is different from a home inspection, which tries to take inventory of current and potential issues.