You’ve Heard All the Doom & Gloom – here’s a reality check
September 16th, 2010From the Wall Street Journal – “10 Reasons To Buy a Home Now” – September, 2010 http://bit.ly/bm2SHI
From the Wall Street Journal – “10 Reasons To Buy a Home Now” – September, 2010 http://bit.ly/bm2SHI
Lowball Offers
A lowball offer is one that is far below a property’s actual fair market value. Lowballing a well-priced house breaks the first rule of a good offer — make a realistic offering price based upon the sale price of comparable houses.
As a seller, what conclusions can you form about the lowballing buyers? The buyers obviously haven’t done their homework regarding comparable home sales. They think that you don’t know what your house is really worth and are trying to exploit your ignorance. They are trying to steal your house based upon a mistaken impression that you’re desperate to sell. None of these conclusions is at all favorable.
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As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
When preparing to sell your home, the first impression is often the most important. Spend some time improving the interior and exterior appearance before placing it on the market to increase the chances of a swifter sale at a better price.