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. Bottom line.
Home Junction
MAY 12, 2020
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. As we know, in some situations, sellers will cave in.
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.
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