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Its a Buyers Market, and Buyers Know It
Buyers know that its a buyers market and they know that there are good deals out there. However, even when properties are good deals, buyers want an even better deal on the already good deal. They want to offer far less than list price, even when list price is far less than market value. That's the attitude when buyers know its a buyers market but don't fully understand what that means.
Many buyers want to offer $50,000 less than the list price, on $150,000 Logan homes. They want to see how the sellers will respond. Is a low ball offer like this a good strategy?
It depends on who the seller is. If the property is a short sale or bank owned home, then this may be okay. Banks are realistic and aren't going to accept an incredibly low ball offer, but they aren't going to get offended, so making an offer like this probably isn't going to hurt a buyers chance of actually getting the property later if they do decide that they really are willing to pay more.
If the property is owned by a traditional seller, someone who has lived in the house and made it a home, ... more

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