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Tag Archive | "Buying Advice"

PROs & CONS of Short Sales

Monday, January 19, 2009

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Short sales are different than bank-owned/foreclosure/repo homes, and also different than regular resales. They are a strange mix of the two. With a short sale, the owner still technically owns their home, but owes more on their mortgage than what the home is worth. Therefore, in order to sell, they need to get special permission […]

Lowball Offers…Part 4/4

Wednesday, June 25, 2008

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Remember that time is critical to the highly motivated seller. Whether or not sellers accept your lowball offer often depends on how much pressure they’re under to sell, Davis says. Obviously, those in a rush are usually more willing to entertain a lowball bid, even if it means making a counteroffer to bring up the […]

Lowball Offers…Part 3/4

Monday, June 23, 2008

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Make sure your bid has a pre-approval letter attached. Because sellers currently outnumber buyers in many neighborhoods, some purchasers see no point in bothering to obtain pre-approval for mortgage financing. But bargain-minded buyers know better, says Tom Early, a real estate broker and former president of the National Association of Exclusive Buyer Agents (www.naeba.org). “In […]

Becky Becky Wyatt  
REALTOR®
HomeSmart Real Estate
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