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Are Buyer Agents hurting their buyers with advice for LOWBALL OFFERS?
Home Owners in Manchester NH are learning the "LOWBALL" Offer is alive and well. After a review of a few of the last offers I received, they may be alive but certainly are not well. The converation was about if all buyers are lead to believe that all homes listed are in a distressed situation, that they are in foreclosure, bank owned or short sales. The media and some Buyer Agents are teaching buyers to make what is considered "Lowball" offers. Everyone wants to get the best deal, but how you go about it is just as important. If you want to make a "Lowball" offer you need to follow some simple guidelines.1. Find out what type of sale it is, Is it bank owned? A short sale? or a "regular sale" with a seller who is not considered "distressed"2. Find out if there are any other offers submitted, if so you may not have time to try a lowball or you could lose out to the other buyer(s).3. Assess what the house is worth in today's market so you can base your offer on real numbers.4. Include a prequailification letter letting the seller know you are quailifed for a loan.5. Often ... more

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