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

Housing Wire

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? By definition, a lowball offer is an offer that is significantly below market value.

Buyers 418
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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. Are you in the market for a home? How to negotiate your home purchase offer.

Buyers 442
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How to Conduct a Smooth Real Estate Transaction

McKissock

In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Number of days on market. Requests to sellers to pay closing costs. Negotiating counter offers. Counter the counter offer.

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Market Data for Real Estate Helps Counter Low-Ball Offers

Home Junction

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. As we all know, market conditions fluctuate. In one instance, you have sellers enjoying multiple offers on a property and achieving a nice percentage increase above their asking price.

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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. A home appraisal determines the fair market value of a home. In a stable market, there will be a good balance of homes being sold in urban or suburban neighborhoods.

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

Lamacchia Realty

This fall may look a bit different but soon enough the real estate market will hit its second busiest season of the year for home sales. If you are selling a home , it’s important that you do everything in your power to beat out the competition, especially as the 2021 fall market gets into gear. Seller Resources. Read More ».

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

PennyMac

Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. Before you get too far into the process, take a look at the properties available in your target market or price range.