Often the first offer to come in is the best one. When a house is fresh on the market, there is usually a rush of activity and the buyers who see it during the first thirty days are likely to be the most interested. While your home is new on the market, it will receive […]
Responding to Low Offers
The beginning of negotiations is usually the end of many months of hard work for the buyer or seller. The work ahead requires skill in order to maintain a strong position. Sellers can lose their advantage if they do not counter an offer that a buyer has made. Even if the opening offer is beneath […]
Refinancing Your Home
Interest rates fluctuate as changes occur in the general economy. If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate. You will have to apply for the new mortgage and have your current income eligibility assessed. Depending on how long you have had […]
Purchase Negotiations
If you are selling your home, you should be prepared for the day your first offer comes in. When your real estate agent calls to say there is an offer on your home, you will naturally get excited. When your agent describes the offer, you will probably experience an adrenaline rush. Whether the offer is […]
Offers and Counter Offers
Many of the offers real agents submit for prospective buyers aren’t exactly what the sellers want. The price may be lower than they are asking or there might be terms included in the offer that will require negotiation. What happens after the offer is submitted? The seller’s real estate agent will present the offer to […]
Low Offers
In every real estate market, there are buyers who make offers that are far below the current market value of the property. How should you react if your agent brings you one of these “low ball” offers? Here are some scenarios for the seller. If your home is priced very close to its fair market […]
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