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How to Conduct a Smooth Real Estate Transaction

McKissock

Here are some tips on how to make the real estate transaction process as smooth as possible for you and your buyer clients. Making an offer. Constructing a real estate offer is an art. Requests to sellers to pay closing costs. Negotiating counter offers. Counter the counter offer.

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Homes are selling well over listing prices as buyers compete against each other

Housing Wire

The deal, which included the home the buyer wanted (priced in the $400,000’s) and the seller’s new home (priced in the $300,000’s) ended up being sold over their asking prices and costing the buyer $1 million over the original home’s listing price. . More for Real Estate Enthusiasts. How to negotiate your home purchase offer.

Buyers 450
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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 426
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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

What is a Real Estate Owned (REO) Property? REO, which stands for “Real Estate Owned,” is a term applied to foreclosed properties whose ownership has transferred to the bank or lender. REO properties are attractive to homebuyers or real estate investors for several reasons.