Housing Wire
JULY 9, 2021
She received multiple cash offers that were well over the asking price. Low-inventory is partly to blame. Due to low inventory, buyers don’t have a lot of options when it comes to purchasing a home. This need is what’s causing home prices to skyrocket, which in turn, forces buyers to make competitive offers.
PennyMac
DECEMBER 22, 2020
In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., 10 Steps to Buying REO Properties.
Home Junction
MAY 12, 2020
In most cases, the smart thing to do is come back with a counter-offer, even if it is a small reduction. Maybe inventory is high for that particular county. The smart thing to do is not get into an argument. Or, try to one up the buyer and tell them the asking price just went up another 10%. Or by zip code. So have prices.
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