It's so disheartening to find the perfect home that you know your buyer would love, only to have the buyer lose out because of a low ball offer. A good Realtor knows that not all offers are created equal. How you approach making an offer depends upon several factors including current comparable sales, how long the property has been on the market and is the house bank owned or is the seller involved? These factors play a critical role in how a buyer should craft their initial offer. Remember, this may be a business transaction, but you still need to make a good first impression to win the bid.
6 mistakes homebuyers make with lowball offers
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