Submit Low Offers with Caution in Naperville Real Estate and Chicago Western Suburb Real Estate
With homes sales lagging its a heck of a lot easier in todays market to submit a low ball offer to see if it sticks...it's the old "throw a string of spaghetti on the wall and see if it stick" philosophy...well, you will risk alienating and insulting the sellers with a poorly constructed offer so it's still important to be smart about your offer - especially when purchasing Naperville Homes for Sale or Chicago Western Suburbs Homes for Sale...here are a couple of tips to prepare youself for negotiation:
A. Be careful with Foreclosure comps: Some of these homes were badly run down
B. Short Sale due diligence: If there were no other liens on the property except for the primary lien, then the lender had more wiggle room with the price...
And if you are a seller, keep in mind that appraisers are including foreclosures and short sales in their appraisal reports due to the fact that there are so many distressed properties...they have no other choice but to account for that fact in their findings...
For more information on Naperville Foreclosures click here http://www.homefieldrealtors.com/foreclosure-naperville/ or Naperville Short Sales click here http://www.homefieldrealtors.com/short-sale-naperville/, go to www.HomeFieldRealtors.com
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