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

Housing Wire

Has the seller recently corrected negative feedback? Has the seller recently rejected offers? What else can the listing agent tell you about the seller’s situation, preferred deal terms like closing and possession dates, etc., which can help you put together an acceptable offer?

Buyers 445
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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

REO properties are attractive to homebuyers or real estate investors for several reasons. 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. 10 Steps to Buying REO Properties.